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Spot turmeric prices increased at Erode markets on quality arrivals. “After 45 days, the price has scaled ₹9,000 a quintal. Though the traders have not yet received any bulk upcountry demand, they quoted higher price for the spice due to its quality,” said RKV Ravishankar, a trader. 2,000 bags arrived for sale and 65 per cent stocks were sold. At the Erode Turmeric Merchants Association, more than 300 bags of quality turmeric arrived.
The finger variety was up ₹200 a quintal, while the root variety gained ₹150.
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