Though more than 25,000 bags of turmeric arrived at the Erode market for the first time in a day on Thursday, the prices of both varieties of turmeric have improved by Rs 400 per quintal.

“For the current season such a heavy stock of 25,000 bags arriving in a day is a remarkable one. The prices of both varieties have improved by Rs 400 per quintal, due to the three-day holiday from March 18-20 for Erode turmeric markets. The farmers brought heavy stocks and the buyers also purchased for increased price to fulfill their orders”, said Mr R. K.V. Ravishankar, President, Erode Turmeric Merchants Association, on Thursday.

“The bulk buyers have received good orders and knowing this the grower farmers brought very heavy stocks of more than 25,000 bags in a day. But the buyers, quoting ‘reasonable price', purchased the required quantity of turmeric”, he added. He added March 22 will be a holiday for the markets on the eve of the Bannariamman Festival so buyers have purchased the product now, to fulfill orders from other States. Heavier arrivals ahead

The traders are expecting that arrivals will go up to 30,000 bags from next week and the price of turmeric will go down further. On Thursday, 70 per cent of the arrived stocks were sold.

On Thursday, in the Erode Turmeric Merchants Association Sales Yard, finger variety fetched Rs 7,809 to Rs 10,799 per quintal, root variety Rs 7,499 to Rs 10,129 per quintal.

Salem Crop: Finger variety was sold at Rs 10,399 to Rs 12,629 per quintal, root variety Rs 9,891 to Rs 10,259 per quintal. Totally 7,587 bags of turmeric arrived for sale, 826 bags were sold.

In Erode Cooperative Marketing Society, finger variety was sold at Rs 10,019 to Rs 11,288 per quintal, root variety Rs 9,219 to Rs 10,242 per quintal. Out of the arrival of 1,640 bags 1,586 bags were sold.

In Gobichettipalayam Agricultural Cooperative Marketing Society, finger variety was sold at Rs 7,759 to Rs 10,809 per quintal, root variety Rs 7,066 to Rs 10,051 per quintal. Out of arrival of 158 bags 116 bags were sold.

In the Regulated Marketing Committee, finger variety was sold at Rs 9,555 to Rs 10,839 per quintal, root variety Rs 9,389 to Rs 10,169 per quintal. Out of 1,800 bags that arrived for sale, 1466 bags were sold.

comment COMMENT NOW