Erode turmeric traders get export orders

Our Correspondent Erode | Updated on January 28, 2014 Published on January 28, 2014

Turmeric markets in Erode witnessed higher arrivals on Tuesday as some exporters received orders.

“The demand for the root variety was down a tad, but Erode exporters have received some export orders from Malaysia, Sri Lanka, the UAE and some places in Europe. So, they have started buying fine variety turmeric. The upcountry demand for root variety has decreased, so buyers are quoting lower price for the root variety and purchased limited quantities. Traders are expecting good quantity of fresh orders from North and also from other countries, as the Erode Turmeric quality is superior,” said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

He said that due to increase in price for the past few days farmers brought higher quantity for sale. On Tuesday, 4,100 bags arrived for sale and 2,900 bags were sold. Almost all the quality turmeric on offer was sold.

Further, the quality new finger variety Mysore turmeric fetched higher price. It was sold at ₹6,211 against ₹6,006 sold on Monday. But the root variety decreased by ₹50. Other root variety old crop turmeric was increased by ₹100 a quintal.

Because of the arrival of fine variety hybrid finger and root variety, the traders quoted higher price and the finger variety was sold at ₹7,096 and the root variety ₹6,551 a quintal.

At the Erode Turmeric Merchants Association Sales yard (new crop), the finger variety fetched ₹5,199-6,211; the root variety ₹4,599-5,969. (Old Crop) The finger variety was sold at ₹4,196-6,489 and the root variety ₹4,006-6,319.

Salem Hybrid crop: The finger variety fetched ₹5,691-7,096 and the root variety ₹5,499-6,551. Of the 851 bags that arrived, 231 were sold.

At the Regulated Market Committee, the finger variety was sold at ₹5,649-6,485; the root variety Rs 5,435-6,409. Of the 805 bags put up for sale , 801 found takers.

At the Erode Cooperative Marketing Society, the finger variety was sold at ₹5,789-6,529 and the root variety ₹5,589-6,499. All the 624 bags on sale were sold.

Published on January 28, 2014
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