Spot turmeric prices gained in Erode markets as the quality of arrivals was good. Prices topped Rs.8,000 a quintal.

“Traders are having some local and upcountry orders. They purchased 1,520 bags . Arrival of the new crop was 100 bags. We expect an increase in new turmeric arrival from next week,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.

In view of quality arrival, local turmeric prices were up Rs.300 a quintal at the Erode Turmeric Merchants Association sales yard; Rs.400 at the Regulated Market Committee.

The new turmeric was up Rs.600 and all 100 bags that arrived for sale were sold.

At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at Rs.5,899-8,011 a quintal and the root variety Rs.5,769-7,531.

Salem Hybrid: The finger turmeric fetched Rs.8,089-9,029; the root variety Rs.7,300-7,731.

New Turmeric: The finger variety went for Rs.7,019-8,129 and the root variety for Rs.7,077-7,499.

At the Regulated Market Committee, the finger turmeric ruled at Rs.6,899-8,313 and the root variety Rs.6,799-7,899.

At the Erode Cooperative Marketing Society, the finger turmeric was sold at Rs.7,059-8,168 and the root variety at Rs.6,809-7,891.

Source :-Business Line