Fresh turmeric arrival pushes prices up by ₹1,443 per quintal in a day at Erode market

The accomplishment of caller turmeric has pushed the terms of the yellowish spice up by ₹1,443 per quintal successful a azygous day, with prices nearing ₹18,000 per quintal astatine the Erode Regulated Market connected Friday.

Harvesting of turmeric has begun successful Erode district, Dharmapuri, and assorted parts of Karnataka. The nutrient is brought to regulated markets successful Erode and Perundurai, arsenic good arsenic to Agricultural Producers Cooperative Marketing Societies astatine Karungalpalayam successful Erode, Gobichettipalayam, and to the Erode Turmeric Merchants and Godown Owners’ Association (Erode Manjal Vanigarkal Matrum Kidangu Urimaiyalargal Sangam).

On Friday, astatine the Erode Regulated Market, the caller digit assortment was auctioned betwixt ₹13,825 per quintal and ₹17,899 per quintal, portion caller bulb turmeric fetched betwixt ₹13,555 per quintal and ₹16,899 per quintal. Similarly, the digit assortment of aged turmeric was auctioned betwixt ₹8,199 per quintal and ₹16,789 per quintal, and the bulb assortment of aged turmeric ranged from ₹7,599 per quintal to ₹14,959 per quintal. Of the 4,415 bags that arrived, 2,422 bags were sold astatine the market.

On Thursday, the aged digit assortment was auctioned betwixt ₹9,069 per quintal and ₹16,456 per quintal, portion the bulb assortment fetched ₹8,299 per quintal to ₹14,899 per quintal.

M. Sathyamurthy, caput of the Erode Turmeric Merchants and Godown Owners’ Association, told The Hindu that caller turmeric arriving from Dharmapuri and Karnataka connected Friday contributed to the terms rise. Currently, caller turmeric is arriving lone astatine markets successful Erode and Nizamabad successful Telangana, arsenic cultivation successful large crop-growing areas successful Maharashtra has yet to begin.

“Turmeric stocks crossed the state person fallen, and request for turmeric is high, which has contributed to the terms increase,” helium said. The upward inclination successful prices is expected to proceed until turmeric begins arriving from Maharashtra successful the archetypal week of March. The caput added that bulk arrivals to the Erode marketplace are expected from the archetypal week of February and noted that aged turmeric is auctioned astatine prices up to ₹16,800 per quintal.