Commodity News
HeadLine : Turmeric not to rise till month-end
Date : May 14 2013
Going by the current trend and the rising temperature levels, there will not be any upcountry orders for turmeric till the month end.

R.K.V. Ravishankar, President, Erode Turmeric Merchants Association, said that there is no possibility of increase in turmeric price till the end of this month. After the summer he hoped that some North Indian orders may be received by them.

Spot turmeric declined further in Erode on Monday.

At the Erode Turmeric Merchants Association sales yard, the finger variety was sold at Rs 5,011-7,511; the root variety Rs 5,019-6,406 a quintal.

Salem Hybrid Crop: The finger variety fetched Rs 7,211-8,269; the root variety Rs 6,711-7,109. Of the 560 bags arrived, only 30 per cent stocks were sold.

At the Regulated Market Committee, the finger variety ruled at Rs 6,540-7,662; the root variety Rs 5,647-6,569. Of the arrival of 314 bags, 279 found takers.

At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 5,829-7,538; the root variety Rs 5,440-6,399. Of the 771 bags arrived, 666 were traded.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 5,509-7,447; the root variety Rs 5,100-6,222. Of the arrival of 131 bags, 123 were sold.

Source:- Business Line

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