Turmeric rules steady on N. India orders

Our Correspondent Erode | Updated on January 25, 2011

Erode turmeric traders have started receiving orders for the new crop, because of which the market was steady.

“Though the traders were not getting the expected level of orders, they are getting reasonable orders from North Indian traders. Most of the orders are for the new Mysore and number eight varieties of turmeric. They also received local orders,” said Mr R. V. Ravishankar, President, Erode Turmeric Merchants Association, on Monday.

“Most farmers expected good price for their produce, given the size of ordersthe traders have received. But buyers, mainly the bulk buyers, quoted last week's price. The farmers were also ready to sell their produce, especially the old crop, as they do not want stocks to pile up.”

In the Erode Turmeric Merchants Sales Yard, the finger variety (old crop) fetched Rs 9,106-14,739 a quintal and root variety Rs 9,096-14,400.

The finger variety number eight new) was sold at Rs 11,299-14,349 a quintal and root variety (Mysore variety new crop) Rs 11,000-12,400 a quintal. 354 bags of new varieties and 1,193 bags of old crop arrived at the market; 735 bags including all the new varieties were sold.

In the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 12,679-14,666 and root variety at Rs 10,819-14,446 a quintal. All the 85 bags kept for salewere sold.

Published on January 25, 2011

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