Spot prices of turmeric at the markets in Erode edged up a tad while registering 90 per cent sale.
“After number of days, the sale of turmeric at the four markets has increased. At the weekend day (Friday) of the four markets three markets experienced cent percent sale. At the Erode Turmeric Merchants Association sales yard alone the sale was 45 per cent and at the remaining three markets of Regulated Marketing Committee, Erode Cooperative Marketing Society and Gobichettipalayam Agricultural Marketing Society cent per cent sale was recorded. In all the markets only medium variety turmeric was arrived and sold. There was slight increase in the price of finger turmeric by ₹50-100 a quintal”, said RKV Ravishankar, President, Erode Turmeric Merchants Association.
Though the turmeric traders are waiting for fresh upcountry demand, they purchased limited stocks. The price of the commodity at the Futures remains in minus status.