4 months ago
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Turmeric prices crossed ₹16,000 a quintal successful Erode markets connected Thursday (January 8, 2026), driven by depleted stocks crossed the state and fears of harvest nonaccomplishment owed to mediocre monsoon and adverse climatic conditions.
The Erode turmeric market, the 2nd largest successful the state aft Nizamabad successful Telangana, attracts farmers from crossed the territory and different States. Produce is auctioned astatine regulated and cultivation producers’ cooperative markets successful Erode, Perundurai and Gobichettipalayam.
At the Erode Regulated Market connected Thursday, the digit assortment was auctioned astatine prices ranging from ₹8,999 a quintal to ₹16,369 a quintal, portion the bulb assortment fetched betwixt ₹8,469 a quintal and ₹14,599 a quintal.
“Traders are acrophobic that turmeric accumulation could beryllium affected owed to the mediocre monsoon and prevailing unfavourable climatic conditions,” said M. Sathyamurthy, caput of the Erode Turmeric Merchants and Godown Owners’ Association. He added that nationalist banal levels were estimated to person fallen beneath 10 lakh bags. He pointed retired that turmeric futures and options connected the National Commodity and Derivatives Exchange Limited (NCDEX) are nearing ₹18,000 a quintal. “The upward terms inclination is expected to proceed until the archetypal week of February, erstwhile caller arrivals begin,” helium said.
Turmeric harvesting is expected to statesman aft Pongal, with caller stocks reaching markets from February aft processing. Traders said prices would beryllium guided by the measurement and prime of arrivals adjacent month.
