Slack upcountry demand grinds turmeric

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Spot prices of turmeric at Erode markets were down by ₹200 to ₹9,800 a quintal.

“Only 2,700 bags arrived but the prices decreased due to the non-receipt of upcountry demand. Only 1,490 bags were sold,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.

He said the buyers were keen on buying only the quality turmeric and the stockists also purchased more than 350 bags. The price of the finger turmeric was down ₹200 a quintal and that of the root variety by ₹150.

At the Erode Turmeric Merchants Association, the finger turmeric traded at ₹6,896-9,869 a quintal; the root variety ₹6,400-9,369.

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