Commodities

Hybrid turmeric gains as traders strike deals

Our Correspondent Erode | Updated on October 10, 2012 Published on October 10, 2012

BL11_COM2_TURMERIC

Hybrid variety turmeric gained on Wednesday following orders some traders received. Stockists, too, quoted a higher price especially in Gobichettipalayam since the fine variety arrived for sale.

“The sale of hybrid turmeric increased and the buyers quoted Rs 500 higher than Tuesday and purchased all the 300bags.

Some other stockists quoted increased price of Rs 250 and purchased all the 91 bags in the Gobichettipalayam Cooperative Society as the fine variety arrived for sale.

Similarly, the price in the other markets also increased by Rs 150”, said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

He said that still there were no fresh orders from North India. Prices may increase up to Rs 7,000 once orders come in. With such hopes, stockists have started buying the commodity.

Of the 3,000 bags that arrived, 60 per cent found takers.

At the Erode Turmeric Merchants Association Sales yard, the finger variety was sold at Rs 4,096-5,691, the root variety Rs 3,896-5,159.

Salem crop: The finger variety fetched Rs 4,889-6,538, the root variety Rest 4,696-5,368. Of the 548 bags put up for sale, 112 got sold.

At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 4,899-5,969, the root variety Rs 4,611-5,349. All the 595 bagswere sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society the finger variety was sold at Rs 4,500-6,039, the root variety Rs 4,410-5,436. All the 91 bags were sold.

At the Regulated Marketing Committee, the finger variety was sold at Rs 4,7495,472, root variety Rs 4,6395,391 Of the 673 bags, 508 were sold.

Published on October 10, 2012
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