Turmeric auctioned for Rs. 1.25 crore

Turmeric was auctioned for Rs. 1.25 crore at the Tiruchengode Agricultural Producers Cooperative Marketing Society here on Saturday.

While ‘Virali’ turmeric variety fetched a priced between Rs. 7,999 and Rs. 10,967 per quintal; ‘Kilangu’ fetched a price between Rs. 6,900 and Rs. 9,888. ‘’Panakali’ variety fetched a price between Rs. 5,539 and Rs. 17,719 per quintal.

About 2,100 quintals of turmeric were auctioned for Rs. 1.25 crore, a press release of the Society issued here said.

Cotton was auctioned for Rs. 5.02 lakh at the Konganapuram branch of the Tiruchengode Agricultural Producers Cooperative Marketing Society on Saturday.

Traders from Coimbatore, Avinasi, Annur, Salem, Tirupur, Uthangarai, Kovilpatti, Theni, Dindigul, Dharmapuri, and Krishnagiri participated in the weekly auction of cotton at Konganapuram Society.

While PT variety fetched a price between Rs. 3,670 and Rs. 4,030 per 100 kg bag; Surabi variety fetched a price between Rs. 3,880 and Rs. 4,150 in the auction.

A total of 310 bags of cotton were auctioned for Rs. 5.02 lakh, the Society sources said.