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Turmeric prices at Erode markets have come down by more than ₹500 a quintal within a week due to poor upcountry demand. On Friday, 4,000 bags of the spice arrived for sale and the buyers purchased 60 per cent of the arrivals. Regarding the price, finger variety lost ₹200 a quintal and the root variety ₹150.
At the Erode Turmeric Merchants Association, finger turmeric was sold at ₹5,600-8,607 a quintal and the root variety at ₹5,011-7,955. Of the arrival of 1,861 bags, only 45 per cent were sold.
At the Regulated Marketing Committee, the finger turmeric went for ₹7,193-8,329 a quintal; the root variety ₹6,931-7,819. Of the 942 bags offered, 541 found takers.
At the Erode Cooperative Marketing Society, finger turmeric traded at ₹6,900-8,469 a quintal and the root variety at ₹6,869-7,999. Of the 877 bags on sale, 813 were sold.
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