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Spot turmeric prices decreased in Erode markets on Wednesday due to rising arrivals.“Due to sudden spurt in arrival in three markets, prices of the yellow spice declined. Traders procured 60 per cent of the 5,000 bags that arrived. Traders are having some upcountry orders but are keen on quality. No bulk buying was seen as demand form North India has decreased due to the onset of winter,” said RKV Ravishankar, Erode Turmeric Merchants Association.
Hybrid finger turmeric was down ₹300 a quintal and the hybrid root by ₹200. Local varieties lost ₹100-150.
At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹3,510-7,291 a quintal; the root variety ₹3,497-6,614.
Salem Hybrid: The finger variety fetched ₹5,888-7,739; the root variety ₹5,700-6,769. Of the 1,270 bags that arrived, 470 were sold.
At the Regulated Market Committee, the finger turmeric went for ₹6,299-7,369 and the root variety ₹6,011-6,789. Of the 1,128 bags on sale, 1,113 were traded.
At the Erode Cooperative Marketing Society, the finger turmeric was sold at ₹6,188-7,300 and the root variety ₹5,838-6,789. All the 836 bags found takers.
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