Agri Business

Turmeric drifts as demand eases

Our Correspondent Erode | Updated on May 15, 2018 Published on May 15, 2018

Spot turmeric prices decreased at the markets in Erode on Tuesday despite lower arrivals. This was due to inferior quality produce and slack upcountry demand. For the second consecutive day, only 3,500 bags of medium and poor quality arrived for sale and 80 per cent were sold. At the Erode Cooperative Marketing Society, all the medium quality hybrid and new turmeric were sold with buyers quoting ₹200 a quintal lower for finger turmeric and ₹100 less for root variety. In other markets, the finger variety lost ₹150 and the root variety ₹100. At the Erode Turmeric Merchants Association, the finger turmeric went for ₹6,018-8,741; the root variety ₹5,199-8,100. Of the arrival of 2,478 bags, 1,537 were sold. Our Correspondent

Published on May 15, 2018
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