Turmeric prices rise; sales remain low

The cost of the turmeric was increased. “The spot turmeric arrival remains small, and on Tuesday, two,000 bags of turmeric arrived, for which prospective buyers bought 60 per cent to meet their regional demand from customers. The sale of turmeric at the Turmeric Retailers Affiliation income garden was small, too, as only 287 bags had been bought as towards the arrival of 1,one zero one bags (thirty per cent). Only medium-excellent turmeric arrived to all markets, and purchaser-traders — for want of fresh upcountry demand from customers — have bought limited amount of turmeric,” mentioned RKV Ravishankar, President, Erode Turmeric Retailers Affiliation.

“The cost of some 45 bags of finger turmeric increased by ₹150 a quintal at the Erode Turmeric Retailers Affiliation income garden. More, the costs of thirty bags of finger turmeric increased by ₹100 a quintal every single at the Controlled Marketing Committee and the Erode Cooperative Marketing Society,” he included.

Ravishankar mentioned the cost of turmeric futures carries on to decrease, and so the prospective buyers are careful in quoting costs. They are anticipating fresh demand from customers by future 7 days.

At the Erode Turmeric Retailers Affiliation income garden, finger turmeric was bought at ₹5,102-six,159 a quintal, and the root variety was bought at ₹4,759-5,729 a quintal.

At the Controlled Marketing Committee, finger turmeric was bought at ₹5,001-5831 a quintal, whilst the root variety was bought at ₹4823- 5650 a quintal. Of the 315 bags that arrived, 272 bags had been bought.

At the Erode Cooperative Marketing Society, finger turmeric was bought at ₹5,209-6119 a quintal, and the root variety was bought at ₹4919- 5,599 a quintal. All the 448 bags of turmeric brought had been bought.