Poor arrival of quality turmeric coupled with slack demand affected the turmeric market on Thursday.
“For the past ten days, only medium variety turmeric has been arriving and buyers who prefer hybrid variety are purchasing meagre quantity. Some traders have obtained orders for fine hybrid turmeric, but for want of quality crop arrivals they could not meet the orders”, said exporters.
Traders said that they could not purchase huge stock for want of ordersand the sales were very low. On Thursday, 3,200 bags of turmeric arrived for sale, but only 45 per cent stocks were sold. If the prices improve to Rs 7,000 a quintal, farmers are likely to bring more quantity for sale.
At the Erode Turmeric Merchants Association Sales yard, the finger variety was sold at Rs 4,030-5,666 a quintal; the root variety at Rs 3,896-5,197.
Salem Hybrid crop: The finger variety was sold at Rs 5,310-5,939; the root variety at Rs 5,019-5,411. Of the 971 bags that arrived, 350 bags were sold. At the Regulated Marketing Committee, the finger variety was sold at Rs 4,569-5,806 and the root variety Rs 4,313-5,306. Of 968 bags on offer, 671 found takers.
At the Erode Cooperative Marketing Society, finger variety fetched Rs 4,798-5,940; the root variety Rs 4,296-5,419. All the 552 bags put up for sale were sold.
At the Gobichettipalayam Agricultural Cooperative Marketing society, the finger variety was sold at Rs 4,760-5,966 and the root variety Rs 4,117-5,229. All the 230 bags of offer had takers.