Turmeric growers look for price of Rs 16,000/quintal

The Mysore and Number 8 variety turmeric have started arriving in markets and are fetching a good price.

“The buyers showed interest in the new crop, as orders from Madhya Pradesh and Bihar were received by traders. Of the 2,000-odd bags that arrived on Friday, 1,500 were of the new crop,” said Mr R.V. Ravishankar, President, Erode Turmeric Merchants Association.

He said till the end of February there will be heavy arrivals of Mysore and Number 8 variety and the bulk buyers will purchase all the new variety.

Meanwhile, some turmeric farmers said that they are waiting for a good price and if the price goes above Rs 16,000 they will harvest the crop, process it, and send it to the market.

Some farmers said that the present price for the old and new crop are reasonable.

In the Erode Turmeric Merchants Association Sales Yard, the old turmeric-finger variety fetched Rs 9,000-14,595 a quintal, the root variety Rs 8,009-14,011. New Turmeric (Mysore) Finger variety was Rs 9,011-13,696, the root variety at Rs 9,009-13,309.

The Number 8 variety was sold at Rs 13,100 for the finger and the root variety ruled at Rs 12,600. Totally 979 bags arrived, of this 450 were of new variety. Some 417 bags including 250 of the new variety were sold.

In the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 12,469-15,189 and the root variety at Rs 11,719-14,639. All the 79 bags that arrived for sale were sold.

In the Erode Cooperative Marketing Society, the finger variety was sold at Rs 12,969-14,895, the root variety at Rs 12,800-14,538. All the 53 bags were sold.

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