Spot turmeric prices further increased Rs 300 a quintal on Friday, as bulk buyers continued to place orders.

“Because of the receipt of fresh orders from North Indian towns, the bulk buyers purchased huge stock of turmeric on Friday by paying increased price for the commodity,” said Mr R. K.V. Ravishankar, President, Erode Turmeric Merchants Association.

The bulk buyers are handling the situation carefully and buy the required quantity based on the demand . The traders are expecting the price to prevail next week also if they receive more orders. The arrivals increased on Friday and out of the 10,000 bags that arrived for sale, 85 per cent of it was sold.

The price for the finger variety increased by Rs 400 a quintal in the Regulated Marketing Committee and the root variety Rs 200/ quintal. After one month, the arrival to the Regulated Marketing Committee increased and the sales were also very encouraging.

At Erode Turmeric Merchants Association Sales yard, finger variety was sold at Rs 6,766-8,186/ quintal, and root variety, Rs 6,266-7,411/ quintal.

Salem Crop: Finger variety was sold at Rs 7,238-8,999/ quintal, root variety, Rs 6,968- 7,604/ quintal. Out of the 1,927 bags that arrived, 530 were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, finger variety was sold at Rs 5,999-8,100/ quintal, root variety, Rs 5,201-7,369/ quintal. All the 167 bags that arrived for sale were sold.

At the Erode Cooperative Marketing Society, finger variety fetched Rs 6,771-8,171/ quintal, root variety, Rs 6,706-7,466/ quintal. Out of 1,410 bags kept ready for sale, 1,388 were sold.

At the Regulated Marketing Committee, finger variety was sold at Rs 7,586-8,419/ quintal, root variety, Rs 7,106-7,606/ quintal. Out of the 956 bags, 877 were sold.

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