Commodities

N. India continues to prefer Nizamabad turmeric

Our Correspondent Erode | Updated on October 12, 2012 Published on October 12, 2012

BL13_COM2_TURMERIC

Turmeric exporters are still waiting for fresh upcountry orders.

“The exporters anticipated fresh orders last month itself but it did not happen. Instead, merchants in North India prefer stocks from Sangli and Nizamabad due to cheaper availability. Now, exporters are waiting for the orders before October15 and hence, no exporter is buying the stock,” said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

Only stockists are buying the turmeric by quoting Rs 5,600-6,000 a quintal. If they stop the procurement, prices may come down to Rs 5,000-5,500.

Now, only medium variety turmeric arrives in the market for sale, so buyers are quoting a lower price.

Traders said many farmers are retaining their produce. It is said that more than 15 lakh bags of turmeric are with farmers. This will be brought to the market next year for sale.

At the Erode Turmeric Merchants Association sales yard, the finger variety turmeric was sold at Rs 4,011-5,839 a quintal, the root variety Rs 3,721-5,219.

Salem Hybrid Crop: The finger variety was sold at Rs 4,919-6,400 and root variety Rs 4,799-5,274. Of the 736 bags, 192 were sold.

At the Regulated Marketing Committee, the finger variety was sold at Rs 4,693-5,869; the root variety Rs 4,489-5,296 a quintal. Of the 815 bags arrived, 657 were sold.

At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 5,069-6,238, the root variety Rs 4,739-5,400.

All the 810 bags found takers.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 5,050-5,829, the root variety Rs 4,410-5,259. Of the arrival of 243 bags, 234 were sold.

Published on October 12, 2012
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