Commodities

Poor upcountry demand for turmeric

Our Correspondent Erode | Updated on January 09, 2018 Published on August 29, 2017

The upcountry demand for turmeric is very low, but the sale was high.

“The arrival of turmeric bags for sale is very low due to off-season. On Tuesday 2,300 bags arrived for sale. The buyers quoting increased price have purchased 80 per cent stocks. There is no demand from North India, so the local traders are buying limited good quality stocks and the stockists have purchased good number of all varieties to stock them. Because of the fine quality the traders quoted increased price. The buying of turmeric in other Stations has come down drastically”, said R KV Ravishankar a trader.

At the Erode Turmeric Merchants Association Sales yard, finger turmeric sold at ₹5,965 to 8,658 a quintal, root variety sold at ₹5,506 to 8,557 a quintal. Of the arrival of 1,045 bags 437 bags were sold.

At the Regulated Marketing Committee, finger turmeric sold at ₹7,319 to 8,175 a quintal, root variety sold at ₹7,169 to 8,019 a quintal. Out of 289 bags of turmeric placed for sale, 272 bags were sold.

At the Erode Cooperative Marketing Society, finger turmeric sold at ₹7,329 to 8,739 a quintal, root variety sold at ₹7,199 to 8,200 a quintal. All the 809 bags of turmeric kept for sale were sold.

Published on August 29, 2017
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