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Spot turmeric prices increased at Erode markets on Monday due to quality arrivals and upcountry demand. “Good quality turmeric arrived and traders also received some fresh upcountry demand. So they purchased good number of turmeric bags at an increased price,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
He said 7,500 bags arrived and the traders procured 70 per cent stocks. The price of the hybrid finger turmeric was up ₹200 a quintal, while the local finger and root varieties gained ₹100. At the Erode Turmeric Merchants Association,the finger turmeric went for ₹8,489-10,289 a quintal; the root variety ₹8,214-9,314. Of the arrival of 1,800 bags, 1,020 were sold.
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