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Spot turmeric prices increased on Thursday at Erode markets followed by a rise in turmeric futures. “The arrivals increased to 4,000 bags. The traders, though having limited quantity of upcountry orders, purchased the turmeric for a higher price. All the 3,000 bags of new turmeric were sold. Some bags of hybrid turmeric too were sold for increased price,” said Krishnamurthy, a trader. Regarding the price, the hybrid finger variety was up ₹300 a quintal and the hybrid root variety by ₹100. The local finger turmeric gained ₹250-400 a quintal and the root variety was up ₹200.
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