Spot turmeric prices decreased at Erode markets by ₹200 a quintal due to higher arrivals.
“On Thursday, 7,500 bags arrived for sale. Only medium variety turmeric was placed for sale. The traders quoted lesser price and purchased 3,990 bags. The buyers showed special interest in buying the root variety as they have received some orders for the same,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
The finger turmeric lost ₹200 a quintal in all the markets while the root variety was down ₹150-200. At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹4,589-7,586 a quintal; the root variety ₹4,399-7,168. Of the arrival of 2,021 bags, 650 were sold.
At the Regulated Market Committee, the finger turmeric fetched ₹6,799-7,749 and the root variety ₹6,409-7,373. Of the 1,495 bags placed for sale, 850 were traded.
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