Spot turmeric prices improved on Wednesday following demand from North Indian States.

“Bulk buyers have received a few orders and also the markets have received restricted quantity of turmeric. As a result, prices increased by Rs 200 a quintal. The hybrid variety increased by Rs 400,” said Mr R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

He said: “After more than two months, Erode bulk buyers have received orders from north Indian merchants. So, the price increased. Sales were also very encouraging with 70 per cent of the arrivals being sold.”

He said in the futures market, prices increased by Rs 200-400/quintal and this reflected in the spot market also.

At the Erode Turmeric Traders Association sales yard, the finger variety increased by Rs 200/quintal, while the hybrid variety, Rs 402/quintal. At the Gobichettipalayam Agricultural Cooperative Marketing Society, the yellow spice increased by Rs 170/quintal. Due to quality issues, the price of spot turmeric decreased at the Regulated Marketing Committee by Rs 100/quintal, but 90 per cent of the stocks that arrived for sale were sold.

In the Erode Turmeric Merchants Association Sales yard, the finger variety sold at Rs 5,466-7,493/quintal.

Salem Crop : The finger variety sold at Rs 6,999-8,091/quintal, the root variety, Rs 6,196-7,004. Of the total 1,943 bags that arrived, 410 were sold.

At the Gobichettipalayam Agricultural Cooperative Society, the finger variety was sold at Rs 6,100-7,589, the root variety at Rs 5,610-6,819.

At the Erode Cooperative Marketing Society, the finger variety fetched Rs 6,689-7,477, the root variety Rs 6,263-6,963. Of the 1,006 bags that arrived, 983 were sold.

At the Regulated Marketing Committee, the finger variety sold at Rs 6,931-7,398, the root variety at Rs 6,276-6,899. Out of 851 bags kept for sales, 737 were sold.

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