Turmeric pales on poor crop quality

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ERODE, DEC. 26:

Prices of hybrid turmeric variety decreased by Rs 650 a quintal on Monday, while that of spot turmeric ruled stable.

“As the quality of hybrid turmeric (Salem crop) that arrived for sale was poor, prices decreased sharply. Bulk buyers who have a few orders for the hybrid variety were disappointed in view of the quality on offering. So they offered lower price and made limited purchases,” said Mr R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

He said over 9,000 bags arrived for sales and for want of demand, only 40 per cent was sold.

At the Erode Turmeric Merchants Association sales yard, the finger variety fetched Rs 3,560-4,169 a quintal, the root variety Rs 3,366-3,939.

Salem crop: The finger variety was sold at Rs 3,866-4,834, the root variety Rs 3,664-4,311. Out of 2,345 bags that arrived, 512 were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 3,299-4,299, the root variety Rs 2,799-4,168. All the 270 bags were sold.

At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 3,831-4,359, the root variety Rs 3,800-4,181. About 700 bags were sold against the arrival of 727 bags.

At the Regulated Marketing Committee, the finger variety was sold at Rs 3,889-4,394 a quintal and the root variety at Rs 3,786-4,164 a quintal.

Source: http://www.thehindubusinessline.com/markets/commodities/article2749880.ece 

Prices of hybrid turmeric variety decreased by Rs 650 a quintal on Monday, while that of spot turmeric ruled stable.

“As the quality of hybrid turmeric (Salem crop) that arrived for sale was poor, prices decreased sharply. Bulk buyers who have a few orders for the hybrid variety were disappointed in view of the quality on offering. So they offered lower price and made limited purchases,” said Mr R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

He said over 9,000 bags arrived for sales and for want of demand, only 40 per cent was sold.

At the Erode Turmeric Merchants Association sales yard, the finger variety fetched Rs 3,560-4,169 a quintal, the root variety Rs 3,366-3,939.

Salem crop: The finger variety was sold at Rs 3,866-4,834, the root variety Rs 3,664-4,311. Out of 2,345 bags that arrived, 512 were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 3,299-4,299, the root variety Rs 2,799-4,168. All the 270 bags were sold.

At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 3,831-4,359, the root variety Rs 3,800-4,181. About 700 bags were sold against the arrival of 727 bags.

At the Regulated Marketing Committee, the finger variety was sold at Rs 3,889-4,394 a quintal and the root variety at Rs 3,786-4,164 a quintal.

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