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Stock Market Tips > New turmeric gains color on demand
The price of new turmeric was increased. The arrival of new and old turmeric has increased. The traders those who are having few upcountry demand and local demand have started buying the new turmeric by quoting an increased price. Of the total arrival of 4,000 bags, 350 bags of Mysore variety are new turmeric. All the new turmeric was sold, said Palanisamy a trader.
The new turmeric finger variety was increased by ₹300 a quintal and was sold for ₹7,500 and the root variety by ₹100. The old finger turmeric was decreased by ₹250and the old root variety by ₹150. Of the total arrival, 75 percent stocks were sold.
At the Erode Turmeric Merchants Association sales yard, finger turmeric was sold at ₹5,511 to ₹8,209, root turmeric was sold at ₹5,019 to ₹7,489. Of the arrival of 2,628 bags, 1,512 bags were sold including the new turmeric.
At the Regulated Marketing Committee, finger turmeric was sold at ₹6,629 to ₹7,661, root variety was sold at ₹6,239 to ₹7,095. Of the 464 bags were placed for sale, 404 bags were sold.
At the Erode Cooperative Marketing Society, finger turmeric was sold at ₹7,256 to ₹8,258, root variety was sold at ₹6,299 to ₹7,399. Out of 680 bags kept for sale, 598 bags were sold.
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