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Spot turmeric prices at Erode markets decreased on Thursday despite lower arrivals. “Only 1,400 bags of medium and poor quality turmeric arrived for sale. The traders quoted decreased price for some bags and only 65 per cent stocks were sold,” said RKV Ravishankar, a trader.
He said that still the upcountry demand is very poor. Regarding the price of the commodity, the finger variety was down by ₹300 a quintal and the root variety by ₹200.
At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹7,218-8,855 a quintal; the root variety ₹7,155-7,699. Of the arrival of 385 bags, 203 were sold.
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