Spot turmeric prices rose marginally on moderate demand on Monday.

“Bulk buyers received a few orders, which led to limited stock-buying in the spot market on Monday. Fifty-five per cent of the 7,500-odd bags that arrived for sale were sold. Both varieties of turmeric improved by Rs 150-200 a quintal,” said Mr R.V. Ravishankar, President, Erode Turmeric Merchants Association.

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Prices remained depressed in north Indian markets such as Sangli and Nizamabad. Turmeric futures ruled steady. Higher export orders for hybrid varieties boosted sales.

At the Regulated Marketing Committee, poor quality pulled down prices by Rs 200 a quintal. Only 527 bags arrived there.

While traders expect arrivals to cross 15,000 bags by the end of this month, prices may go up by Rs 200-Rs 500 a quintal to Rs 9,500-10,000 a quintal. In the Erode Turmeric Merchants Association Sales yard, the finger variety was sold at Rs 5,311-8,026 a quintal and the root variety at Rs 5,169-7,296.

Salem Crop: The finger variety fetched Rs 7,691-84,16 and root variety Rs 6,989-7,489. Out of the 1,613 bags that arrived, 250 were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 6,495-8,059 and the root variety Rs 6,270-7,469. All the 313 bags were sold.

At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 6,161-7,974 and the root variety at Rs 6,106-7,407. Of the 822 bags that arrived, 761 were sold.

At the Regulated Marketing Committee, the finger variety fetched Rs 7,430-8,001 and the root variety Rs 7,019-7,365. All the 527 bags were sold.

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