Turmeric prices for most varieties fell on Thursday despite low arrivals. However, hybrid variety shot up Rs 570 a quintal on demand.“Turmeric varieties fetched low prices in the market which opened after a day's holiday on Thursday even though only 4,000-odd bags arrived,” said Mr R.V. Ravishankar, President, Erode Turmeric Merchants Association.

North Indian merchants have not placed any orders in the past few days, he said. Only 30 per cent of arrivals were sold in erode even as turmeric futures dropped. The finger variety shaved off Rs 200 a quintal in Erode.

The market will remain volatile until merchants from North India start placing orders from the first week of September, he said. Even as some traders expect prices to slide further from the next week, farmers said they sold a little as they needed cash immediately.

Prices at the Regulated Market Committee and Erode Cooperative Marketing Society decreased by Rs 250-300 a quintal.

In the Erode Turmeric Merchants Sales yard, finger variety fetched Rs 5,016-6,389 a quintal and root variety Rs 4,836-6,034 a quintal.

Salem crop: Finger variety was sold at Rs 6,689-8,039 a quintal and root variety at Rs 6,074-6,734 a quintal. Only 298 of the 1,054 bags that arrived were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, finger variety was sold at Rs 5,527-6,867 a quintal and root variety at Rs 5,579-6,189 a quintal. All the 67 bags that arrived were sold.

At the Erode Cooperative Marketing Society, finger variety was sold at Rs 5,389-6,479 a quintal and root variety at Rs 5,295-6,369 a quintal. Out of the 536 bags that arrived, 517 were sold.

At the Regulated Marketing Committee, finger variety was sold at Rs 6,169-6,676 a quintal and root variety at Rs 5,887-6,419 a quintal. Out of the 358 bags that arrived, 205 were sold.

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