ERODE, AUG. 23:
Farmers expect the Union Agriculture
Minister to announce a minimum support price of Rs 8,000-10,000 at a turmeric
growers federation conference to be conducted here on August 25. So they have
declined to sell at the current price. But traders said that a support price
for turmeric is not possible as it is not an essential commodity and has a
number of varieties.
Due to poor demand from North India
spot turmeric decreased on Thursday to Rs 6,400 a quintal. Arrivals were up
slightly at 6,400 bags. “Usually during this time, traders good orders from
North India, but this year we are not getting any orders. But the present price
of Rs 6,400 a quintal is feasible for the farmers,” said R.K.V. Ravishankar,
President, Erode Turmeric Merchants Association.Demand from North India for the
hybrid variety, too, was absent . Traders said they would get fresh orders from
September.At the Erode Turmeric merchants Association Sales yard, the finger
variety was sold at Rs 3,699 to Rs 6,499 a quintal, the root variety at Rs
3,699 to Rs 6,177 a quintal
Salem hybrid crop: The finger variety
was sold at Rs 6,299 to Rs 6,790 a quintal, the root variety at Rs 6,030 to Rs
6,379 . Of the 882 bags that arrived, 451 were sold.
At the Regulated Marketing Committee,
the finger variety was sold at Rs 6,018 to Rs 6,731 a quintal, the root variety
at Rs 5,149 to Rs 6,288 a quintal. Of the 529 bags that arrived, 457 were sold.
At the Erode Cooperative Marketing
Society, the finger variety was sold at Rs 5,689 to Rs 6,616 a quintal, the
root variety at Rs 5,689 to Rs 6,289. All the 950 bags kept for sale were sold.
At the Gobichettipalayam Agricultural
Cooperative Marketing Society, the finger variety was sold at Rs 5,369 to Rs
6,584 a quintal, the root variety at Rs 4,896 to Rs 6,107 a quintal. All the 83
bags kept for sale were sold.
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