Spot turmeric prices decreased in Erode markets on Thursday for want of demand. “No trader has received fresh order from North India; so they quoted lower price and procured some stocks. Further, only medium variety turmeric is arriving for sale,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.

Meanwhile, one exporter showed keen interest in buying the root variety, but at a lower price. Farmers said the purchase may be for turmeric powder units and also for building inventories to fulfil their committed orders. Farmers expect prices to increase in mid-August.

On Thursday, the price of the Hybrid finger turmeric decreased by ₹200 a quintal and the hybrid root by ₹100. Of the 5,300 bags that arrived for sale, only 45-50 per cent was sold.

At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹4,219-6,489 a quintal; the root variety ₹4,099-6,296.

Salem Hybrid: The finger variety fetched ₹5,677-7,333; the root variety ₹5,457-6,559. Of the 1,253 bags on offer, 320 were traded.

At the Regulated Market Committee, the finger turmeric ruled at ₹5,559-6,523 and the root variety ₹5,311-6,489. Of the 1,162 bags put up for sale, 586 found takers.

At the Erode Cooperative Marketing Society, the finger turmeric was sold at ₹5,569-6,589; the root variety ₹5,369-6,489. Of the 928 bags on sale, 918 were traded.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger turmeric went for ₹5,401-6,440; the root variety ₹5,260-6,239. All the 151 bags were picked up.

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