Turmeric prices have risen sharply in the Erode markets, with the price increasing by nearly ₹7,000 a quintal over the past month, bringing cheer to turmeric farmers.
The price rise is attributed to low arrivals and limited stocks in the market.
Prices witnessed a sharp increase when trading resumed on Wednesday (November 11) after the Diwali holiday, market sources said.
At the Perundurai Regulated Market, 216 bags of turmeric arrived on Wednesday, of which 157 bags were sold. Finger turmeric was sold at ₹19,602–₹23,312 a quintal and bulb turmeric at ₹19,190–₹21,542.
At the Erode Regulated Market, arrivals stood at 579 bags, of which 259 bags were sold. Finger turmeric fetched ₹16,599–₹24,211 a quintal, while bulb turmeric was sold at ₹15,600–₹21,577.
There were no arrivals at the Erode Cooperative Marketing Society on Wednesday.
Turmeric prices surge by ₹7,000 a quintal in a month
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