Thursday, 26 February 2015

New turmeric finds takers in Erode

Demand for new turmeric increased in Erode markets on Wednesday with all produce on offer getting traded.
“All the 1,500 bags of new turmeric which arrived were sold. In addition, 5,700 bags of old turmeric arrived and of these, 2,700 were sold. The price of old turmeric was up Rs. 100 a quintal and new turmeric by Rs. 200,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
He said receipt of new orders from North India has been delayed and traders are hopeful of getting fresh upcountry orders within a week’s time.
Salem Turmeric which is the best in quality was sold at Rs. 9,200-9,400 a quintal at Erode, but only 20 bags arrived.
At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at Rs. 6,194-8,616 a quintal; the root variety Rs. 6,010-8,139.
New turmeric: The finger variety fetched Rs. 6,588-8,769 and the root variety Rs. 7,010-8,239. Of the 2,306 bags that arrived, 832 were sold. At the Regulated Market Committee, the finger turmeric was sold at Rs.7,499-8,588; the root turmeric Rs. 7,277-8,341. Of the 843 bags on sale, 677 were traded. At the Erode Cooperative Marketing Society, the finger turmeric went for Rs. 7,369-8,589 and the root variety Rs. 7,369-8,311. Of the 905 bags on offer, 809 were picked up.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, finger turmeric was sold at Rs.7,200-8,569 All the 145 bags found takers.

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