Spot prices of turmeric at the markets in Erode ruled stable on strong demand. Nearly 60 per cent of the arrivals were sold on Wednesday. “Traders have received good demand from North India. Of the arrival of 4,300 bags, the traders have procured 60 per cent stocks,” said RKV Ravishankar, President, Erode Turmeric Merchants Association. The buyers purchased almost all the medium variety turmeric by quoting ₹50-100 a quintal more than previous day’s price. At the Erode Turmeric Merchants Association, finger turmeric was sold at ₹5,678-7,722 a quintal, root variety at ₹5,229-7,017. Of the arrival of 3,200 bags, 1,541 were sold. At the Regulated Marketing Committee, the finger variety fetched ₹5,909-7,319 a quintal, root variety was sold at ₹5,589-6,889. Of the 624 bags on offer, 319 were traded.

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