Turmeric prices increased in Erode markets on Friday on the back of fresh demand from North India.

“Local traders have received fresh demand from North India, so they quoted higher price. They bought over 60 per cent of the stocks that arrived. Turmeric price is higher in the Nizamabad and Sangli markets and also, only medium variety turmeric was kept for sale here. So, traders in North India have placed fresh order for Erode turmeric. Since only medium variety hybrid finger turmeric was on offer, prices dropped by ₹700 a quintal. About 70 per cent of hybrid finger turmeric was sold. Buyers procured all the 200 bags of hybrid root turmeric,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.

Till May-end, sales and prices are likely to rule steady. From June, fresh orders may flow in for Erode turmeric and prices may increase. At the Erode Turmeric Merchants Association sales yard, the finger variety turmeric was sold at ₹4,899-6,981 and the root variety ₹4,639-6,679 a quintal.

Salem Hybrid: The finger variety turmeric was sold at ₹6,399-7,877; the root variety ₹5,966-6,806. Of the 1,532 bags that arrived, 889 were sold.

At the Regulated Market committee, the finger variety quoted ₹6,609-6,899 and the root variety ₹5,959-6,659. Of the 671 bags that were offered, 670 were traded.

At the Erode Cooperative Marketing Society, the finger variety fetched ₹5,911-6,920 and the root variety ₹6,899-6,710. Of the 852 bags put up for sale, 806 found takers.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at ₹6,109-6,822; the root variety ₹5,819-6,600. All the 310 bags were sold.

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