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Turmeric farmers worried over the declining trend of prices.
“The turmeric farmers are in disturbed mood, as the price of the spot turmeric is not improving and also the sale of turmeric is very meager. Such worries are due to the poor daily declining price of turmeric. The traders quoting decreased price, after verifying the sample as only medium and poor quality turmeric is arriving for sale for the past three days. This is due to the poor upcountry demand and also local demand for the turmeric”, said RKV Ravishankar a trader.
He said 2,000 bags arrived for sale. The traders and others are buying medium quality turmeric, ignoring the poor quality turmeric. The traders are waiting for upcountry demand which is expected in the first or second week of November.
Regarding the price, the finger turmericdecreased by ₹200 a quintal in all the markets and the root variety by ₹300 a quintal. At the Erode Turmeric Merchants Association Sales yard, finger turmeric sold at ₹5,009 to 8,811 quintal, root variety sold at ₹4,855 to ₹7,955 a quintal. Of the arrival of 946 bags 509 bags were sold. At the Regulated Marketing Committee, finger turmeric sold at ₹6,799 to ₹7,881 a quintal, root variety sold at ₹6,668 to 7,793 a quintal. All the 146 bags of turmeric kept for sale were sold. At the Erode Cooperative Marketing Society, finger turmeric sold at ₹7,700 to 8,556 a quintal, root variety sold at ₹6,889 to 7,893 a quintal. 595 bags of turmeric were sold as against the arrival of 715 bags.
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