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Spot turmeric prices decreased in Erode markets on Tuesday due to the arrival of inferior quality turmeric.
“Many traders were in a quandary whether to buy though they have received some upcountry orders die to the arrival of degraded turmeric. Turmeric prices are a tad compared with last year price and rates at Erode are almost the same as in Nizamabad, Sangli and other places,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
He said on Tuesday 2,200 bags arrived for sale and 50 per cent was sold. Traders quoted lower price for all varieties based on quality. At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹3,229-6,469 a quintal and the root variety at ₹3,169-5,791.
Salem Hybrid: The finger variety went for ₹5,374-6,669, the root variety for ₹5,169-6,269. Of the 1,027 bags that arrived, 290 were sold.
At the Regulated Market Committee, the finger variety traded at ₹5,413-6,485 and the root variety at ₹5,289-6,000. Of the 613 bags on offer, 419 were traded.
At the Erode Cooperative Marketing Society, the finger turmeric fetched ₹5,539-6,588; the root variety ₹5,319-5,899. All the 624 bags found takers.
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