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Turmeric sale up; price down

Turmeric sale up; price down

APRIL 11 2018

 

Spot turmeric prices decreased on Wednesday but the sales increased. “Farmers brought 4,500 bags expecting a higher price for their commodity. Medium and good variety turmeric arrived for sale. The traders purchased all the hybrid turmeric and good quality new turmeric but for a lower price. This is due to the bearish trend in the futures,” said Krishnamurthy, a trader.

 

The hybrid finger variety lost 450, but the hybrid root variety gained 250 a quintal due to quality. Similarly, in all the markets the price of both varieties of local turmeric decreased. On an average, 70 per cent stocks were sold. At the Regulated Marketing Committee, the finger turmeric went for 6,268-7,609 a quintal; root variety 6,014-7,077. Of the arrival of 585 bags, 270 were sold.

 

Source:https://www.thehindubusinessline.com

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