Turmeric gains colour on local offtake

0
251

ERODE, FEB 22:

Spot turmeric prices increased on Friday on pent-up local demand and lower arrivals.

Due to the local demand, the price increased by Rs 150 a quintal. Arrivals dropped drastically on Friday as only 2,010 bags arrived, of which, stockists procured 30 per cent and others 10 per cent, traders said. Some exporters have purchased 150 bags of quality hybrid turmeric. Over 500 bags of new crop are arriving for sale each day and 50 per cent of it is sold.

But farmers said that the current prices are not feasible.

At the Erode Turmeric Merchants Association Sales yard, the new finger variety was sold at Rs 4,489-6,599 a quintal; the root variety Rs 4,059- 5,830. The (old crop) finger variety fetched Rs 5,495-6,695; the root variety Rs 5,360-6,059.

Salem hybrid crop: The finger variety was sold at Rs 5,694-7,489; the root variety Rs 5,406-6,219.

Of 620 bags, 25 per cent stocks were sold.

At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 5,491-6,712; the root variety Rs 5,136-6,027. Of 255 bags, 149 were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 5,561-6,472; the root variety Rs 5,141- 5,807.

All the 32 bags were sold.

At the Regulated Market Committee, the finger variety was sold at Rs 5,400-6,304; the root variety Rs 5,389-5,966. Of 631 bags, 535 were sold.

Source: Business Line

LEAVE A REPLY

Please enter your comment!
Please enter your name here