Demand from North India pushed up spot turmeric to Rs 6,000 a quintal on Monday here.
“Turmeric has touched Rs 6,000 after a month. Exporters have received orders from Bihar, Delhi, Kolkata and some other North Indian towns. Demand for Erode turmeric has gone up because of quality and due to rain in Andhra Pradesh. The orders will be despatched within two or three days,” said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.
Futures were unchanged. More than 5,000 bags arrived for sale, of which 60 per cent were sold mostly to traders and bulk buyers.
After Diwali, new orders will be placed only in January when the new crops start arriving. Quality turmeric in the Gobichettipalayam Cooperative yard fetched Rs 6,001 a quintal and Rs 5,961 in the Erode Cooperative yard. Overall, prices increased by Rs 150-250 a quintal.
At the Erode Turmeric Merchants Association yard, the finger variety was sold at Rs 4,099-5,585 a quintal, the root variety at Rs 3,809-4,990.
Salem hybrid crop: The finger variety was sold at Rs 4,859-6,316, the root variety at Rs 4,509-5,620 . Of the 1,138 bags that arrived, 40 per cent was sold.
At the Regulated Marketing Committee, the finger variety was sold at Rs 4,799-5,619 a quintal, the root variety at Rs 4,365-5,085 a quintal. Of the 598 bags that arrived, 544 were sold.
At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 4,889-5,961, the root variety at Rs 4,279-5,185. Of the 775 bags that arrived, 765 found takers.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety fetched Rs 5,009-6,001, the root variety Rs 4,546-5,089. All the 150 bags that arrived for sale were sold.
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