Both varieties of turmeric have touched Rs 7,000 a quintal on Tuesday. The prices of the both varieties of turmeric have increased
by Rs 700 a quintal due to demand. “Within 35 days, finger variety prices have increased by Rs 3,200 a quintal, as it was sold at Rs 4,069 on June 18 . On July 24, it is selling at Rs 7,730. This is due to the large scale buying of the turmeric by the stockists. But for the past couple of days, the exporters have received orders from North India, some exporters have quoted increased price, purchased the turmeric.
“This increased price will stand for some days as they are getting new orders”, said Mr R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.
Salem Hybrid variety prices increased on Tuesday by Rs 1,100 a quintal while the others at Rs 700 a quintal. The prices touched Rs 7,330 in the Regulated Marketing Committee. Of the total arrival of 6,700 bags, 80 per cent were sold. Of this, 90 per cent were purchased by the stockists.
At the Erode Turmeric Merchants Association, the finger variety was sold at Rs 3,409-6,810, root variety Rs 3,009- 5,910.
Salem Hybrid: The finger variety fetched Rs 7,089-7,729. Root variety Rs 6,009-6,589. Of the arrival of 1,117 bags, 670 were sold.
At the Regulated Marketing Committee, the finger variety was sold at Rs 6,499-7,330, root variety Rs 6,419-7,189 a quintal. Of the arrival of 1,218 bags, 1,155 were sold.
At the Erode Cooperative Marketing Society, finger variety was sold at Rs 6,199-6,799, root variety Rs 5,272-6,190 . All the 886 bags were sold.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, finger variety was sold at Rs 5,272-6,910, root variety Rs 5,100-5,899 a quintal. All the 52 bags were sold.
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