Commodities

Turmeric pales on poor N. Indian demand

Our Correspondent Erode | Updated on July 09, 2014




Spot turmeric prices slipped on Wednesday due to absence of upcountry orders.

“The farmers brought only 2,600 bags of turmeric for sale. Of this, 1,290 bags were sold, mostly procured by stockists. The traders are waiting for upcountry orders so they are quoting prices very cautiously, buying very limited stocks to cater their committed masala firm orders,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.

However, the prices of hybrid finger turmeric were raised by ₹200 a quintal.

At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹4,199-6,417 a quintal; the root variety ₹4,009-6,299.

Salem Hybrid: The finger turmeric fetched ₹5,376-7,469 and the root variety ₹5,464-6,499.

At the Regulated Market Committee, the finger turmeric was sold at ₹5,569-6,469 root variety ₹5,469-6,239. Of the 546 bags that arrived, 445 were traded.

At the Erode Cooperative Marketing Society, the finger turmeric ruled at ₹5,410-6,439 root variety ₹5,319-6,239. Of the 608 bags on offer, 560 were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger turmeric was sold at ₹5,169-6,495root variety ₹5,130-6,263. All the 159 bags found takers.

Published on July 09, 2014

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