Despite poor arrivals, turmeric prices decreased for want of quality produce.“Some exporters and traders have received fresh orders from Bihar, Maharashtra, Delhi, Kolkata and some other places. But such orders were below the expectation of traders. Due to quality, buyers quoted lower price, but the hybrid variety ruled higher due to arrival of best quality. Buyers from Kolkata procured a good number of bags on Monday,” said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

Turmeric prices went down by Rs 400-500 a quintal in Erode and Gobichettipalayam Cooperative Marketing Society respectively. Even the new crop fetched about Rs 6,000 a quintal for the best variety. The price of the both the varieties decreased by Rs 300 in the Regulated Market Committee. Of the arrival of 3,800 bags, 1,867 bags were sold.

At the Erode Turmeric Merchants Association sales yard, the new turmeric finger variety was sold at Rs 4,111-5,594 a quintal; the root variety Rs 3,955-5,609.

Salem Hybrid Crop: The finger variety was sold at Rs 5,800-7,896 and the root variety Rs 5,599-6,217. Of the 876 bags that arrived, only 312 found takers . At the Regulated Market Committee, the finger variety was sold at Rs 5,469-6,969 and the root variety Rs 5,409-6,010. Of the 410 bags on offer, 375 bags got sold.

At the Erode Cooperative Marketing Society, the finger variety quoted was sold at Rs 5,001-6,529; the a quintal, root variety Rs 4,849-5,621 a quintal. All the 62 bags put up for sale of turmeric kept for sales were found takers. At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety fetched was sold at Rs 5,272-6,312; the a quintal, root variety Rs 3,989-5,868 a quintal. All the 93 bags of turmeric found takerskept for sale were sold.

Related Topics
comment COMMENT NOW