Spot turmeric prices increased in Erode markets on the back of quality arrivals and receipt of some upcountry orders.

“After a long time, turmeric exporters and traders have received a few orders from North India. Also, farmers brought quality turmeric. These two factors propped up turmeric price by Rs 400 a quintal. Almost all States in North India have placed orders for yellow spice from Erode. Delhi merchants demand quality root and hybrid variety turmeric,” said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

He also said that for the past three days quality turmeric is arriving in the four markets and sales have been encouraging with 70 per cent of the stocks being cleared.

He said that farmers are getting a higher price of Rs 400/quintal and the price may continue at this level for some more days.

Stockists also procured about ten per cent of the offerings.

On Wednesday, 3,500 bags of turmeric arrived for sale and 70 per cent was sold.

At the Erode Turmeric Merchants Association sales yard, the finger variety was sold at Rs 4,114-6,309; theroot variety Rs 4,099-5,329 a quintal.

Salem Hybrid: The finger variety was sold at Rs 5,900-7,196 and the root variety Rs 4,874-5,695. Of the 1,113 bags that arrived, only 438 were sold.

At the Regulated Market Committee, the finger variety fetched Rs 5,468-6,324; the root variety Rs 4,569-5,569. Of the 949 bags on sale, 892 found takers.

At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 5,439-6,511 and the root variety Rs 4,199-5,719. Of the 879 bags on offer, 857 were picked up.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety fetched Rs 5,139-6,372 and the root variety Rs 4,769-5,420. All the 60 bags were traded.

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