Spot turmeric prices at Erode markets decreased as the arrival of turmeric bags were on the rise.
“9,000 bags arrived for sale and the traders quoted ₹10,000 a quintal for hybrid turmeric. For the local varieties, they quoted ₹9,600,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
He said the price of turmeric is decreased in all the turmeric sale centres in India, but only in Erode some quality turmeric arrived for sale. At the Erode Turmeric Merchants Association, the finger turmeric was sold at ₹7,853-10,029 a quintal; the root variety at ₹7,514-9,400. Of the 3,533 bags offered, 1,725 were sold.