Turmeric prices dropped marginally on Tuesday despite increase in sales.

“Of the 3,500 bags on offer, 60 per cent was sold. Only the medium variety turmeric arrived for sale,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.

He said the price of turmeric is also low in Nizamabad and Warangal. However, many buyers prefer Erode turmeric for its quality. Traders are expecting fresh orders from North India in a week. There was no improvement in the futures market.

Due to arrival of quality hybrid finger turmeric, buyers quoted a higher price and it was up by ₹450 a quintal and the root variety by ₹150 a quintal. Other local varieties also increased by ₹100-150 a quintal. Buyers purchased all 430 bags of hybrid turmeric.

At the Erode Turmeric Merchants Association sales yard, finger turmeric was sold at ₹4,119-6,209 a quintal, the root variety at ₹3,199-5,989.

Salem Hybrid: finger turmeric was sold at ₹5,719-6,819 a quintal, root variety at ₹5,499-6,209. Of the 520 bags that arrived, 97 were sold.

At the Regulated Market committee, the finger turmeric was sold at ₹5181-6,212 a quintal, the root variety at ₹5,139-6,139. Of the 683 bags on offer, 568 bags were sold.

At the Erode Cooperative Marketing Society finger turmeric fetched ₹5,393-6,369 a quintal, root variety ₹5,499-6,189. All the 973 bags of turmeric kept for sale were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society finger turmeric was sold at ₹5,617-6,279 a quintal, root variety at ₹4,769-6,174. All the 172 bags on offer were picked up.

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