Fresh upcountry orders, that were eluding the Erode turmeric trade for the past several weeks, have begun to trickle in today.
“Turmeric exporters received some fresh orders from Bihar, Chhattisgarh and Uttar Pradesh for Diwali. So exporters were happy and started buying. Prices are stable for the past few days and sales increased,” said R.K.V. Ravishankar, Erode Turmeric Merchants Association President.
He said for the past one month, prices were almost steady with small fluctuations but the sale was very poor. Now exporters have started buying the yellow spice.
He ruled out the possibilities of increase in price and said prices will remain stable for another 15 days.
Farmers brought limited stocks due to heavy rain in rural areas. Due to arrival of 54 bags of super fine variety turmeric, the price was at Rs 6,017, up Rs 300 more than Tuesday’s price.
Similarly, for the first time, a very low arrival of 146 bags was recorded at the Regulated Marketing Committee and all the bags were sold for an increased price of Rs 100 a quintal.
At the Erode Turmeric Merchants Association sales yard, the finger variety was sold at Rs 4,034-5,249 a quintal, the root variety Rs 3,695-4,695 .
Salem Hybrid Crop: The finger variety was sold at Rs 5,190-5,811 and the root variety Rs 5,121-5,371. Of the arrival of 820 bags, 280 found takers.
At the Regulated marketing Committee, the finger variety was sold at Rs 4,819-5,669; the root variety Rs 4,389-4,774 . All the 146 bags were sold.
At the Erode Cooperative Marketing Society, the finger variety fetched Rs 4,889-5,816; the root variety Rs 4,189-4,846. Of the 294 bags arrived, 290 found takers.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 5,316-6,019; the root variety Rs 5,867-5,991. All the 229 bags were sold.