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Spot turmeric prices in Erode markets increased on Thursday due to arrival of fine variety.
“The buyers quoted ₹650 a quintal and purchased all the 200 bags. Some traders are having orders from North India for the hybrid varieties and so they procured all the stock” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
At the Erode Turmeric Merchants Association sales yard, the finger turmeric fetched ₹4,199-6,236 a quintal; the root variety ₹4,100-5,881.
Salem Hybrid: The finger turmeric was sold at ₹5,781-7,300; the root variety ₹5,499-6,241. Of the 545 bags offered, 309 were sold.
At the Regulated Market Committee, the finger turmeric went for ₹5,413-6,516; the root variety ₹5,318-6,066. Of the 743 bags put up for sale, 503 were traded.
At the Erode Cooperative Marketing Society, the finger turmeric was sold at ₹5,699-6,429 and the root variety ₹5,563-6,099. Of the 338 bags arrived, 296 were sold.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger turmeric ruled at ₹5,101-6,342 and the root variety ₹4,880-5,817 a quintal. All the 150 bags found takers.
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