50% turmeric unsold in Erode markets

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ERODE, MARCH 13:  

Half the turmeric arrivals in Erode markets went unsold on Thursday as only medium quality produce arrived.

“Prices decreased by ₹100-200 a quintal, as only medium variety turmeric arrived for sale. Some 6,000 bags were offered for sale and traders bought a few medium quality bags by quoting lower price,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.

He said that the traders are getting limited orders from North India and there is no export enquiry. This is due to the elections. After the elections, more orders may be flow from North India.

At the Erode Turmeric Merchants Association sales yard, the finger variety was sold at ₹4,003-6,803; the root variety ₹4,002-6,499 a quintal.

Salem Hybrid: The finger variety fetched ₹5,899-7,629 and the root variety ₹5,699-6,794. Of the 1,796 bags that arrived, 798 were sold.

At the Regulated Market Committee, the finger turmeric was sold at ₹6,290-7,009 and the root variety ₹5,967-6,889. Of the 546 bags on offer, 509 were traded.

At the Erode Cooperative Marketing Society, the finger variety quoted ₹5,969-7,086 and the root variety ₹5,769-6,696. All the 689 bags found takers.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at ₹5,647-6,817 and the root variety ₹5,372-6,667 a quintal. All the 179 bags were sold.

Source: The Hindu

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