Spot turmeric toes futures, slips

Spot turmeric prices at Erode markets decreased on Monday following weaker futures. Traders quoted decreased price for all varieties of the spice and only 60 per cent of the arrivals were sold. About 7,000 bags arrived for sale, of which 6,000 were new turmeric. Arrivals of the turmeric increased. The price of (new) finger variety was down ₹300-500 a quintal due to quality and that of (new) root variety was up ₹100-200 as the traders were keen in buying the root variety for their demand. At the Erode Turmeric Merchants Association, the Salem Hybrid finger turmeric fetched ₹5,678-8,555; root variety ₹5,255-7,389. The local finger turmeric went for ₹6,881-7,869; the root variety ₹5,255-7,389 a quintal. Of the arrival of 6,161 bags, 2,717 were sold.