Spot turmeric prices decreased by another Rs 200 a quintal on Friday as heavy arrivals continued.

“Expecting good price, turmeric farmers brought around 13,000 bags (100 kg each) of turmeric to the market for sale on Friday, but prices did not appreciate, ”, said Mr R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

“We, the traders, are expecting arrivals to decrease from Monday for 15 days. If that happens, certainly prices may go up by about Rs 200-500 a quintal,” he said.

He said arrivals in the Erode Cooperative Marketing Society increased to 1,654 bags. The price in Regulated Marketing Committee decreased by Rs 230 a quintal, but arrivals and sales were high.

Other traders said that farmers having huge stocks have decided to sell them, as they require money for the raising other crops in Aadi month (Tamil month). So they are likely to bring huge stocks from July 20, after which prices may go down further.

Some turmeric farmers said that the present price was feasible for them, but it was still lower compared with last year's price.

For the farmers to make good profits, they have to sell their produce at Rs 9,500/quintal or more.

At the Erode Turmeric merchants Association, the finger variety sold at Rs 5,534-7,731 a quintal, the root variety at Rs 5,250-6,685.

Salem Crop : The finger variety sold at Rs 6,939-8,119 and the root variety at Rs 6,317-7,169. Totally 2,397 bags of turmeric arrived for sale and 679 were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety sold at Rs 5,827-7,669, the root variety at Rs 5,568-6,969. Of the 348 bags that arrived, 324 were sold.

At the Erode Cooperative Marketing Society, the finger variety fetched Rs 6,066-7,796 and the root variety at Rs 5,909-6,899. Of the 1,684 bags that arrived, 1591 were sold.

At the Regulated Marketing Committee, the finger variety sold at Rs 7,030-7,689 and the root variety Rs 6,309-6,890. Out of 1,427 bags that arrived, 1185 were sold.

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