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Spot turmeric prices increased slightly at Erode markets due to low arrivals.
“On Wednesday, 4,500 bags of turmeric arrived for sale. The traders quoted slightly increased price and procured 2,200 bags for their local requirements. Still the traders have not received any upcountry demand,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
The finger turmeric in the Erode Turmeric Merchants Association and Regulated Market Committee increased by ₹100 a quintal and the root variety by ₹50. But prices for both the varieties decreased by ₹100 in the Erode Cooperative Marketing Society and Gobichettipalayam Agricultural Cooperative Marketing Society.
At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹5,396-8,039 a quintal; the root variety ₹5,236-7,329. Of the arrival of 2,057 bags, 840 were sold.
At the Regulated Market Committee, the finger turmeric traded at ₹6,281-7,681; the root variety ₹6,190-7,369. Of the 813 bags offered, 698 were traded.
At the Erode Cooperative Marketing Society, the finger turmeric fetched ₹6,659-7,489 and the root variety ₹6,209-7,339. All the 1,245 bags found takers.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger turmeric went for ₹6,379-7,359; the root variety ₹6,198-7,278. Of the arrival of 440 bags, 411 were sold.
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