Division among farmers on not selling turmeric below Rs 9,000 a quintal continued, resulting in the spice’s prices coming under pressure. However, stockists continued to build inventories, expecting prices to touch Rs 10,000 a quintal soon.

At the Regulated Marketing Committee on Wednesday, prices decreased by Rs 530 a quintal. But prices increased by Rs 749 a quintal for the fine variety with 30 bags arriving for sales.

Prices gained at the Erode Turmeric Merchants Association, though many farmers came forward to sell at lower prices as they need money for agricultural operations.

Exporters and bulk buyers said that they are expecting fresh orders by the middle of this month and therefore, they are keeping away from buying stocks. But stockists are building inventories hoping that prices will zoom higher.

On Wednesday, 5,750 bags arrived and 1,300 bags were sold. At the Erode Turmeric merchants Association Sales yard, the finger variety was sold at Rs 3,519-6,769 a quintal; the root variety at Rs 3,399-6,046.

Salem Hybrid Crop

The finger variety was sold at Rs 6,607-7509; root variety Rs 6,009-6,363. Of the total 1,250 bags of turmeric that arrived, there were takers for only 169.

At the Regulated Marketing Committee, the finger variety was sold at Rs 5,568-6,541; the root variety Rs 5,369-6,263. Of 863 bags that arrived, 433 were bid.

At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 5,611-6,676; the root variety at Rs 6,009-6,363. Of 563 bags 555 got sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 5,580-7,189. The root variety was quoted at Rs 4,769-6,399 a quintal. All the 253 bags of turmeric were sold.

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