Prices of the hybrid turmeric increased in Erode markets due to arrivals of fine quality produce. The arrival of new turmeric crop was low.
“On Wednesday, only 100 bags of new crop arrived for sale. We expected more arrival but turmeric growers brought low quantity after processing them. This may be due to expectation of increased price. Further, growers also having adequate stock of old crop with them. If the upcountry demand increases traders will buy more turmeric,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
Following the arrival of a few bags of superfine quality of hybrid finger turmeric, the price was up ₹900 a quintal at ₹9,209. Similarly, the hybrid root gained ₹200. At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹5,591-7,789 a quintal; the root variety ₹5,199-7,217.
Salem Hybrid: The finger turmeric fetched ₹6,370-9,209 and the root variety ₹6,574-7,812.
New Turmeric: The finger variety went for ₹6,629-7,511; the root variety ₹6,796-7,169. Of the 1,124 bags that arrived for sale, 312 were sold.
At the Regulated Market Committee, the finger turmeric ruled at ₹6,723-7,911 and the root variety ₹6,523-7,509. Of the 462 bags on sale, 334 were traded.
At the Erode Cooperative Marketing Society, the finger turmeric fetched ₹6,704-7,899; the root variety ₹6,583-7,399. All the 332 bags found takers.
– The Hindu