Prices rose a little on Thursday as only 1,894 bags arrived. Hopes that prices will rise in a week has brought down arrivals. Only 450 bags were sold, of which stockists bought the most.
“ For the first time, so few bags have arrived. Traders have purchased negligible number of bags,” said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.
Due to low demand from North India, exporters and traders quoted below Rs 7,000 a quintal. Ravishankar said due to inclement weather in the North, the orders for Erode were delayed.
Some farmers sold at Rs 6,600 a quintal as they needed cash urgently.
Traders expect prices to increase further by about Rs 200
a quintal during the next week.
At the Erode Turmeric Merchants Association Sales yard, the finger
variety fetched Rs 4,860 to Rs 6,649 a quintal, the root variety Rs
3,719 to Rs 6,079 a quintal.
Salem hybrid crop: Thefinger variety was sold at Rs 5,864 to Rs 7,200 a quintal, the root variety at Rs 5,516 to Rs 6,316 a quintal. Of the 531 bags that arrived, 134 were sold.
At the Regulated Marketing Committee, the finger variety was sold at Rs 6,010 to Rs 6,666 a quintal, the root variety at Rs 5,888 to Rs 6,338 a quintal. Of the 359 bags that arrived, 138 were sold.
At the Erode Cooperative Marketing Society, the finger variety was sold at
Rs 5,839 to Rs 6,800 a quintal, the root variety at Rs 5,569 to Rs 6,309 a quintal. Of the 150 bags that arrived, 138 were sold.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 5,599 to Rs 6,269 a quintal, the root variety at Rs 5,296 to Rs 6,069 a quintal. All the 35 bags kept for sale were sold.
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