Turmeric trade expects fresh orders next month

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ERODE, JULY 24:

The turmeric trade hopes to get fresh upcountry orders only from August.

“At present no turmeric exporter is getting huge orders from North India and only from the first week of August they will get fresh orders. This year though the farmers could not sow the turmeric due to non-release of water in the canals and also the adverse seasonal conditions, the farmers are having adequate stock with them for next year. Similarly the turmeric is available in other States such as Maharashtra, Andhra Pradesh and Assam. So there will be no scarcity for the yellow spice,” said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

He admitted that the present price is not feasible for the turmeric farmers and because of heavy production of turmeric in Andhra Pradesh the spice is available at low price when compared to Erode turmeric.

Now some traders are buying quality stocks.

The arrival to the four markets has started improving and on Wednesday 3,700 bags arrived 60 per cent bags were sold.

All the hybrid and some quality finger variety turmeric were procured by the traders for their local orders.

At the Erode Turmeric Merchants Association sales yard, the finger variety was sold at Rs 4,199-6,599 and the root variety Rs 3,799-5,925 a quintal.

Salem Hybrid Crop: The finger variety fetched Rs 5,647-7,275; the root variety Rs 5,490-6,112.

Of the arrival of 623 bags, 251 were sold.

At the Regulated Market Committee, the finger variety was sold at Rs 5,339-6,814; the root variety Rs 5,200-6,072.

Of the 266 bags arrived, 235 found takers.

At the Erode Cooperative Marketing Society, the finger variety quoted Rs 5,448-6,812; the root variety Rs 4,899-6,099.

Of the 927 bags arrived, 917 were traded.

Source: The Hindu

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