Bulk buyers and exporters quoted Rs 100-150 a quintal higher on Wednesday for quality turmeric. Seventy per cent of the stocks were sold.

“The exporters prefer quality turmeric and purchased almost all the quality turmeric. Some exporters and bulk buyers have received orders from foreign exporters. Upcountry exporters have received reasonable orders, so they bought the stocks and sent them immediately,” said Mr R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

Foreign exporters prefer turmeric with high curcumine content. More than 1,000 bags of such quality turmeric were sold in Erode on Wednesday. Though futures were up 2 per cent, prices in the local market did not rise much. The demand for the root variety was high and exporterspurchased almost all the stock to fulfil new orders from Punjab.

Mr Chinnasamy Gounder, a grower, said farmers were bringing less produce to the market because of falling prices. But lower arrivals have failed to perk up the spice, he said.

In the Regulated Marketing Committee, all the 1,646 bags

were purchased.

At the Erode Turmeric Merchants Association sales yard, the finger

variety was sold at Rs 2,411-3,661 a quintal and the root

variety at Rs 2,319-3,417.

Salem Crop: The finger variety was sold at Rs 3,009-4,619 a quintal and the root variety at Rs 3,511-3,791. Out of the 2,527 bags kept for sale, 1,234 were sold.

At the Regulated marketing Committee, the finger variety was sold at Rs

3,469-3,881 a quintal and the root variety at Rs 3,419-3,739. All the 1,646 bags that arrived were sold.

At the Erode Cooperative Marketing Society, the finger variety fetched Rs

3,009-3,861 a quintal and the root variety Rs 3,039-3,780. All the 1,044 bags kept for sale were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 2,868-3,588 a quintal and the root variety at Rs 2,869-3,769. All the 387 bags kept for sale were sold.

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