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With no fresh export orders and lack of quality crop arrivals, turmeric is losing its colour day by day.
“During the corresponding period last year, we sold turmeric at Rs 6,000 and odd a quintal. Sales were high but now prices are on the decline. No upcountry orders were received by anyone. Instead some North Indian merchants are placing orders in Nizamabad where it is cheaper than Erode. But we are still hopeful that within a couple of days fresh orders may be received from North India”, said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.
He said if they do not bag any orders before October 20 there will be no fresh order till November-end.
Traders said for the past few days only medium variety turmeric is on sale .
Some local masala firms prefer fine variety turmeric for grinding purposes.
On Tuesday, because of arrival of second variety hybrid turmeric, prices were down by Rs 100 a quintal.
At the Erode Turmeric Merchants Association sales yard, the finger variety was sold at Rs 4,011-5,638 a quintal; the root variety Rs 3,819-5,111.
Salem Hybrid Crop: The finger variety was sold at Rs 4,796-6,006; the root variety Rs 4,695-5,304.
Of the 952 bags put for sale, only 102 were sold.
At the Regulated Marketing Committee, the finger variety fetched Rs 4,340-5,431 and the root variety Rs 4,339-5,321.
All the 358 bags on offer were sold.
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