Spot turmeric prices at Erode markets increased despite a rise in number of bags arrived for sale. “Traders were quoting higher price for the quality turmeric and were buying to supply locally. We are still waiting for upcountry orders,” said RKV Ravishankar, President, Erode Turmeric Merchants Association. On Wednesday, 11,000 bags arrived for sale and 65 per cent was sold. Some stockists also purchased the commodity. The finger turmeric was up by ₹100 a quintal in the Erode Turmeric Merchants Association sales yard, while that of the root variety remained stable. At the Erode Turmeric Merchants Association, the finger turmeric was sold at ₹8,429-9,295 a quintal, the root variety ₹8,212-8,891. Of the arrival of 2,785 bags, 1,520 were sold.
ERODE, APRIL 20: