Turmeric prices were down by Rs 200 a quintal on low sales and lack of export orders from North India.
“The price of turmeric decreased even after closure of market for four days. The farmers expected prices to go up at least by Rs 500 a quintal. This is mainly due to the non-receipt of fresh orders from North India by the exporters and traders. Even for Diwali they have not received orders”, said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.
He said turmeric is available at cheaper prices of Rs 5,500 at Nizamabad and Sangli sales centres.
Further the merchants in North India have already purchased huge stock from these two centres .
So they are not placing any fresh orders.
Ravishankar said the turmeric farmers those who are having huge stock with them, bring very limited turmeric bags for sale.
Only half of their stocks brought the markets were sold.
“We are expecting orders from North India within couple of days”.
At the Erode Turmeric Merchants Association sales yard, the finger variety was sold at Rs 3,800-5,111 a quintal; the root variety Rs 3,509-4,111.
Salem Hybrid Crop: The finger variety fetched Rs 4,929-5,829 and the root variety Rs 4,829-5,519.
Of the 402 bags arrived, only 67 bags were sold.
At the Regulated Marketing Committee, the finger variety was sold at Rs 4,210-5,309; the root variety Rs 4,175-5,109.
Of the 399 bags, 313 found takers.
At the Erode Cooperative Marketing society, the finger verity was sold at Rs 3,489-5,729 and the root variety Rs 3,479-4,969.
Of the 367 bags, 361 bags were sold.
At the Gobichettipalayam Agricultural Marketing Society, the finger variety was traded at Rs 4,586-5,691; the root variety Rs 3,817-5,108.
All the 125 bagswere sold.