Seed Marketing News

Rise in demand for local finger turmeric

The traders have received good number of orders for the local finger turmeric. Some traders have received fresh demand for the local finger turmeric. But the arrival of finger turmeric has been decreased sharply, said Krishnamurthy, a trader.

He also said the arrival of turmeric for sale has been decreased to 4,500 bags, but 90 per cent of the arrived turmeric was sold. The turmeric season will be completed by the last week of May and so the traders buying good number of turmeric for supply and stock the same. The price of turmeric in the futures remains at plus status for the past fifteen days.

The price of the turmeric was decreased by Rs.100 a quintal of both varieties in all the markets. At the Erode Turmeric Merchants Association Sales yard, finger turmeric was sold at Rs.6,359 to Rs.8,527 , root variety was sold at Rs.5,689 to Rs.7,989 . Of the arrival of 3,518 bags of turmeric 2,119 bags were sold. At the Regulated Marketing Committee, finger turmeric was sold at Rs.7,294 to Rs.8,577 , root variety was sold at Rs.7,034 to Rs.7,870 . Of the 328 bags of turmeric kept for sale, 323 bags were sold. At the Erode Cooperative Marketing Society, finger turmeric was sold at Rs.7,209 to Rs.8,799 , root variety was sold at Rs.7,119 to Rs.7,869 . All the 551 bags of turmeric placed for sale, were sold.

Source:https://www.thehindubusinessline.com