Spot turmeric prices ruled stable at Erode on Monday. “Arrivals decreased. The price of the spice did not improve and went below ₹8,500 a quintal,” said RKV Ravishankar, a trader. With limited upcountry demand, traders bought limited quantities. Only medium and poor quality turmeric arrived for sale. At the Erode Turmeric Merchants Association, finger turmeric was sold at ₹5,689-8,709 a quintal and root variety at ₹5,232-7,791. Of the 2,077 bags that arrived, 1,102 were sold. At the Regulated Marketing Committee, finger turmeric went for ₹7,469-8,619 a quintal, and the root variety for ₹6,759-7,739. Of the 463 bags offered, 394 were sold.
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