Spot turmeric prices in Erode markets declined by ₹100 a quintal on Tuesday for want of upcountry demand.
“No trader has received fresh upcountry orders, so they are supplying turmeric only to the local units. Stockists, expecting increase in price, purchased more than 500 bags,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹4,170-6,256 a quintal; the root variety ₹4,023-6,104.
Salem Hybrid: The finger turmeric fetched ₹6,009-7,569; the root variety ₹5,799-6,409.
At the Regulated Market Committee, the finger turmeric ruled at ₹5,497-6,411; the root variety ₹5,409-6,299.
At the Erode Cooperative Marketing Society, the finger turmeric was sold at ₹5,650-6,446; the root variety ₹5,580-6,196.