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New turmeric crop witnessed a strong demand at Erode auction centres on Friday. “Nearly 6,000 bags arrived for sale and of this, 450 bags were new Mysore turmeric. The buyers quoted ₹7,800 a quintal and purchased all the turmeric for their local and upcountry orders. They also purchased some old turmeric. The present price of old and new turmeric will remain for another few days. Only after arrival of new Number eight variety turmeric, prices may improve,” said RKV Ravishankar, a trader.
He said 70 per cent of the arrivals were sold. Regarding the price, the (old) finger variety was up ₹200 a quintal and the root variety by ₹150. The sale of turmeric in other stations like Nizamabad too improved but the prices were lower than Erode market, due to higher moisture content.
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