Slack demand pounds turmeric

Fall in demand coupled with ample stock position on increased supplies from growing regions dragged turmeric prices at Erode markets. “Traders are still waiting for upcountry demand and only medium quality is arriving for sale these days,” said RKV Ravishankar, a trader. Only 3,000 bags of the spice arrived for sale, of which 55 per cent were sold. Regarding the price, finger variety decreased by ₹50-100 a quintal, but the price of root variety increased by ₹100. At the Erode Turmeric Merchants Association, finger turmeric went for ₹5,780-8,569 a quintal; the root variety at ₹5,522-7,612. Of the arrival of 1,739 bags, 609 were sold.