Commodities

Heavy arrivals grind turmeric

| Updated on: Nov 12, 2014

Spot turmeric prices in Erode markets decreased due to higher arrivals on Wednesday.

“Local traders received some upcountry demand and were ready to buy quality produce. On Wednesday, only medium variety turmeric arrived. Further, arrival increased to 5,400 bags. So traders quoted lower price. Even the hybrid finger turmeric was down by ₹500 a quintal, while the hybrid root variety was up ₹200,”, said RKV Ravishankar, President, Erode Turmeric Merchants Association.

At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹3,202-6,594 a quintal; the root variety ₹3,199-6,019.

Salem Hybrid: The finger variety was sold at ₹5,694-7,300 and the root variety ₹5,471-6,319. Of the 1,402 bags that arrived, 297 were sold.

At the Regulated Market Committee, the finger turmeric went for ₹5,604-6,909; the root variety ₹5,477-6,269. Of the 935 bags on offer, 687 were traded.

At the Erode Cooperative Marketing Society, the finger turmeric ruled at ₹5,519-6,899; the root variety ₹5,396-6,239. Of the 867 bags put up for sale, 822 found takers.

Published on November 12, 2014

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