Turmeric gleams despite higher arrivals

Our Correspondent Erode | Updated on August 12, 2013 Published on August 12, 2013

Turmeric prices increased despite higher arrivals on Monday as exporters and traders hunted for quality produce.

Though traders did not get fresh orders from North India, along with exporters they bought quality produce for meeting local orders and stocking them.

On Monday, 5,500 bags arrived for sale and 60 per cent was sold. Prices increased by Rs 200 a quintal. “We are expecting fresh orders in a couple of days from North India,” said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

Ravishankar said that except for the hybrid turmeric, other finger variety prices increased on grounds of quality.

Only medium variety hybrid arrived for sale, so prices did not improve, prices remain the same of last week. The price of root variety decreased by Rs 200 in all the markets.

At the Erode Turmeric Merchants Association sales yard, the finger variety sold at Rs 3,5600-5,961, the root variety Rs 3,449- 5,106.

Salem hybrid crop: The finger variety was sold at Rs 5,289-6,409, the root variety Rs 5,124-5,916. Of the 982 bags that arrived, 401 were sold.

At the Regulated Market Committee, the finger variety was sold at Rs 5,209-6,217, the root variety Rs 4,899-5,719. All the 409 bags on offer found takers.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety fetched Rs 5,317-6,001, the root verity Rs 4,747-5,547. All the 119 bags were sold.

Published on August 12, 2013
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