Spot turmeric prices fell on Thursday in Erode market as arrival far exceeded demand. “Only medium variety turmeric arrived for sale. Traders purchased 3,900 bags of the 7,500 that arrived,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.

He said that till Ganesh Chathurthi prices will rule around Rs.6,400 a quintal and after that demand is expected from North India.

The price of hybrid finger variety turmeric rose by Rs.600 a quintal and hybrid root turmeric gained by Rs.200. All the 2,600 bags of hybrid variety turmeric were sold. Other local finger and root varieties fell by Rs.200.

At the Erode Turmeric Merchants Association Sales yard, the finger turmeric fetched Rs.4,083-6,369 a quintal, the root variety was sold at Rs.4,036-6,299.

Salem Hybrid: The finger turmeric was sold at Rs.5,677-7,411 a quintal, the root variety at Rs.5,499-6,674. Of the 1,505 bags on offer, 451 were sold.

At the Regulated Market Committee, the finger turmeric was sold at Rs.5,416-6,429 a quintal, root variety at Rs.5,315-6,287. Of the 1,270 bags placed for sale, 1,048 bags were sold.

At the Erode Cooperative Marketing society, the finger turmeric was sold at Rs.5,719-6,419 a quintal, the root variety at Rs.5,599-6,235. Of the 1,254 bags on offer, 1,199 bags were picked up.

At the Gobichettipalayam Agricultural Cooperative Marketing Society finger variety turmeric was sold at Rs.5,516-6,499 a quintal, root variety at Rs.4,789-6,249. Of the 485 bags put up for sale, 471 bags were traded.