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Spot turmeric prices declined on Tuesday due to arrival of poor quality.
“Traders have purchased more than 1,500 bags of turmeric on Tuesday to fulfil their local orders.
But still no trader has received any upcountry orders.
Because of the arrival of medium and poor quality turmeric, the buyers have quoted lesser price.
Even for the hybrid variety they quoted Rs 400 a quintal,” said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.
About 300 bags of hybrid turmeric arrived and quoted at Rs 7,419 a quintal for the finger variety and Rs 6,449 for the root variety.
It fetched a cheaper Rs 6,100 in Andhra Pradesh.
All these factors caused the decrease, he added.
Ravishankar said 4,250 bags arrived for sale in three markets (the Erode Cooperative Society did not assemble on Tuesday due to cooperative poll nomination in the society), but only 60 per cent stocks were sold.
At the Erode Turmeric Merchants Association sales yard, the finger variety was sold at Rs 4,119-7,079, the root variety Rs 4,117-6,211.
Salem Hybrid Crop: The finger variety fetched Rs 5,606-7,419 and the root variety Rs 5,417-6,449. Of 1,167 bags, only 35 per cent were sold.
At the Regulated Market Committee, the finger variety quoted Rs 6,316-7,250 and the root variety Rs 5,399-6,312.
Of 321 bags arrived, 150 were traded.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 5,781-7,579 and the root variety Rs 5,612-6,427.
Of the arrival of 255 bags, 244 found takers.
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