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Spot turmeric prices decreased at Erode markets due to poor demand.“Traders have not yet received upcountry demand and so are buying limited stocks for a decreased price. The farmers also brought medium and poor quality turmeric. On Tuesday, of the arrival of 3,500 bags, only 1,350 were sold,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
The price of the turmeric was up ₹100 a quintal in the Regulated Market Committee, but down ₹100 in the Erode Cooperative Marketing Society. The root variety turmeric lost ₹300 in all the markets.
At the Erode Turmeric Merchants Association, the finger turmeric traded at ₹5,511-8,199 a quintal; the root variety ₹5,269-7,437. Of the arrival of 650 bags, 180 were sold.
At the Regulated Market Committee, the finger turmeric went for ₹7,199-8,555; the root variety ₹6,299-7,493. Of the 1,135 bags on sale, 847 were traded.
At the Erode Cooperative Marketing Society, the finger turmeric was sold at ₹6,500-8,199; the root variety ₹6,377-7,461. Of the 614 bags offered, 601 were sold.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger turmeric fetched ₹6,569-7,896; the root variety ₹6,169-7,696. All the 147 bags found takers.
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