Spot turmeric prices lost ₹200 a quintal at Erode markets due to non-receipt of upcountry orders.“Though the price was up ₹70 in the futures market, it did not reflect in local trading,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
The finger turmeric prices were down ₹200 a quintal in the Erode Turmeric Merchants Association and ₹300 in the Erode Cooperative marketing Society. The root variety lost ₹300 a quintal. At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹5,536-7,819 a quintal; the root variety ₹5,389-7,212. Of the arrival of 1,062 bags, 320 bags were sold.
At the Regulated Market Committee, the finger turmeric went for ₹6,300-7,900; the root variety ₹6,069-7,319. Of the 788 bags offered,695 were traded.
At the Erode Cooperative Marketing Society, the finger turmeric was sold at ₹6,217-7,219; the root variety ₹5,899-7,005. All the 1,033 bags found takers.
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