Now Reading: Turmeric crosses Rs 20,000 a quintal at Erode society
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Turmeric crosses Rs 20,000 a quintal at Erode society
Finger turmeric crossed Rs 20,000 a quintal at the Erode Society on 12 October, priced between Rs 19,419 and Rs 20,799 a quintal, while bulb turmeric fetched Rs 17,849 to Rs 19,011. The finger variety gained Rs 1,539 a quintal over the price recorded at the society on 9 October.
At the Erode Regulated Market, finger turmeric ruled between Rs 13,569 and Rs 20,119 a quintal, and bulb turmeric between Rs 12,099 and Rs 18,400.
Farmers said prices climbed more than Rs 3,000 a quintal in two weeks, blaming drought and thin arrivals. They traced the supply fall to a lack of irrigation water in the Kalingarayan Canal and Lower Bhavani Project canal ayacut areas, which hurt turmeric cultivation, and said festival demand added to the rise.
Indian Opinion Analysis
Erode’s turmeric trade now turns on two pulls that farmers cannot control: festival buying and the water reaching their fields. The lots that fetched Rs 20,000 and above at the society sit well above the lower end of the regulated market’s Rs 13,569 to Rs 20,119 band, a spread that matters to growers weighing when to sell. A rise of more than Rs 3,000 a quintal in two weeks rewards those who held stock, but the same shortfall leaves cultivation in the Kalingarayan Canal and Lower Bhavani Project ayacut areas exposed to drought. No official relief, procurement or water release is named. The coming fortnight’s daily arrivals at the Erode Society will show whether the run holds once festival demand eases.
Source: thehindu.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
