Spot turmeric prices decreased by ₹300 a quintal at Erode markets due to an increase in arrivals. “On Friday, 15,000 bags arrived for sale and buyers purchased all the 7,000 bags of new turmeric and 800 bags of hybrid turmeric at a lower price,” said RKV Ravishankar, President, Erode Turmeric Merchants Association. Of the arrival of 15,000 bags, 70 per cent stocks were sold. The price of the finger variety was down ₹300 a quintal and the root variety by ₹150. Similarly, the hybrid also decreased by ₹200. At the Erode Turmeric Merchants Association, the finger variety went for ₹8,478-10,309 a quintal and the root variety ₹8,014-9,589. Of the 4,772 bags on sale, 2,810 were sold.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.