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Spot turmeric prices increased in Erode markets on Tuesday on improved quality arrivals.
“After some days quality turmeric arrived for sale and the traders quoted higher price and procured the turmeric to fulfil their local orders. Still they are waiting for the upcountry orders. If they receive good orders from the North India, certainly the price of the commodity will go up,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
He said of the arrival of 3,200 bags, 1,720 were sold.
The hybrid finger turmeric also increased by ₹150 due to quality.
The buyers showed special interest in buying the hybrid and all the 200 bags of hybrid turmeric were sold.
At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹4,539-6,685; the root variety ₹4,324-6,589 a quintal.
Salem Hybrid: The finger turmeric ruled at ₹6,166-7,330 and the root variety ₹5,901-6,766 a quintal. Of the 602 bags that arrived, 231 were sold.
At the Regulated Market Committee, the finger turmeric was sold at ₹5,709-6,639; the root variety ₹5,534-6,584. Of the 600 bags on offer, 570 were traded.
At the Erode Cooperative Marketing Society, all the 1,100 bags found takers with the finger turmeric fetching ₹6,600 and theroot variety ₹6,480.
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