Spot turmeric prices decreased on Monday at the markets in Erode due to the non-receipt of fresh upcountry demand. “Further, the second turmeric sale season will start by September, so the farmers, expecting good price for their produce, held back and brought only medium and poor quality turmeric,” said Krishnamurthy, a trader. He said 2,600 bags arrived for sale and 60 per cent were sold. On the futures platform also, turmeric was traded in red.
At the Erode Turmeric Merchants Association, finger turmeric went for ₹5,798-8,222 a quintal; root variety for ₹5,488-7,333. Of the 2,461 bags on sale, 908 were traded.