: After a 11 day gap, stocks of fresh turmeric started arriving in the market here today and fetched a good price, a top office bearer of Erode Turmeric Mercants Association said here today
Association President R K V Ravishankar said the crop started arriving after 11 day Pongal holidays. Turmeric from Gundelpet in Karnataka fetched good price of Rs 6300 a quintal, while the Number 8 variety from this district was sold at Rs 4900 a quintal. The price of the two varieties are very encouraging and higher than last year, he said.
However the price of the old crop decreased due to arrival of medium variety. Traders also quoted lower price due to poor demand from North India. Traders expect demand to be good in the first week of February as the winter is now very severe in North India.
A total of 3,000 bags arrived for sale here today, of which 2007 were sold.
At Erode Turmeric Merchants Association Sales yard, the finger variety of the new crop was sold at between Rs 4,601 to Rs 4819 a quintal and root variety at between Rs 3232 to Rs 4000 a quintal.
The finger variety of the old crop was sold at Rs 4496 to Rs 6291 a quintal, root variety at Rs 4217 to Rs 5814 a quintal.
Salem Hybrid finger variety fetched Rs 5914 to Rs 6895 a quintal, root variety Rs 5414 to Rs 6264 a quintal. At the Regulated Market Committee, the finger variety was sold at Rs 5499 to Rs 6299 a quintal, root variety Rs 5067 to Rs 5867 a quintal.
At the Erode Cooperative Marketing Society finger variety was sold at Rs 5489 to Rs 6299 a quintal and root variety Rs 5019 to Rs 5869 a quintal.
At Gobichettipalayam Agricultural Cooperative Marketing Society, finger variety was sold at Rs 5672 to Rs 6249 a quintal. Root variety Rs 5117 to Rs 6039 a quintal.
