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Turmeric prices decreased, but sales were encouraging.
“Expecting good price, farmers brought 3,200 bags of turmeric for sale on Friday in the four turmeric markets.
But the traders, after inspecting the samples, quoted lower price and purchased 60 per cent stocks.
All the 1,780 bags were procured by traders, said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.
He said such decrease in price of Rs 200 a quintal is due to the fall of six per cent in two days in the turmeric futures. Further, only the medium quality came up for sale. At the Erode Turmeric Merchants Association sales yard, the finger variety was sold at Rs 3,832-6,596 a quintal, the root variety Rs 3,633-5,786.
Salem hybrid crop: The finger variety was sold at Rs 5,681-7,236, the root variety Rs 5,499-6,091. Of 769 bags that arrived, 310 were sold.
At the Regulated Market Committee, the finger variety was sold at Rs 5,419-6,584, the root variety Rs 5,134-5,997. Of 713 bags, 693 were sold.
At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 5,199-6,637, the root variety Rs 5,099-6,060. Of 640 bags, 624 were sold.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety fetched Rs 5,889-6,529, the root variety Rs 5,566-6,167. Of 224 bags, 204 were sold.
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