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Spot turmeric prices at Erode market decreased as arrivals were on the rise. “Only medium variety turmeric arrived for sale along with 150 bags of local hybrid turmeric. So far no major orders were received from North India, so the traders procured 60 per cent of the stocks for their local use,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
The price of the spice decreased due to quality. The finger turmeric lost ₹150-250 a quintal and the root variety ₹200. At the Erode Turmeric Merchants Association, the finger variety fetched ₹7,899-9,249 a quintal; the root variety ₹7,688-8,569. Of the 1,117 bags offered, 580 were sold.
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