Commodities

N. India demand lends colour to turmeric

Our Correspondent Erode | Updated on March 22, 2013 Published on March 22, 2013

BL23_COM2_TURMERIC

Following good upcountry demand, hybrid and root varieties of turmeric were traded higher in Erode markets on Friday.

“Some exporters have received good orders from North India for the root variety and hybrid turmeric. So, traders quoted higher prices and purchased a good number of bags.

Due to the demand, the hybrid finger variety fetched Rs 8,885 a quintal and root variety Rs 7,217. The Delhi traders have placed orders for over 2,000 bags of the root variety,” said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

Farmers, too, brought more than 7,000 bags of the yellow spice on Friday, of which 70 per cent stocks was sold.

In the Turmeric Merchants Association sales yard also, arrivals increased to 1,793 bags and the prices rose by Rs 200 a quintal.

At the Erode Turmeric Merchants Association sales yard, the finger variety was sold at Rs 4,699-8,019; the root variety Rs 4,535-6,689.

Salem Hybrid Crop: The finger variety was sold at Rs 6,666-8,885; the root variety Rs 6,111-7,217. Of the total arrival of 1,793 bags, 70 per cent stocks were sold. At the Regulated Market Committee, the finger variety was sold at Rs 7,119-8,303 and the root vareity Rs 6,029-7,109. Of the 1,531 bags, 1,047 were traded .

At the Erode Cooperative Marketing Society, the finger variety fetched Rs 6,140-8,270 and the root variety Rs 5,960-6,930. Of the 655 bags arrived, 637 were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 6,017-8,699 and the root variety Rs 5,396-7,316. Of the 327 bags, 297 found takers.

Published on March 22, 2013
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