Turmeric prices cross ₹17,000 a quintal at Erode market
Turmeric prices in Erode have surpassed ₹17,000 per quintal due to supply concerns and unfavorable weather conditions. Market experts suggest that poor monsoon progress could keep prices elevated in the near term.
Why it matters
Rising commodity prices impact agricultural income for farmers and consumer costs for food products, reflecting broader climate-related supply chain risks.
Turmeric prices has crossed ₹17,000 a quintal at the Erode regulated market as arrivals have slowed down and there is uncertainty over the next crop.
Harvesting of the turmeric crop, which began in February in Erode and Dharmapuri districts and parts of Karnataka, concluded in March. The produce is traded at the regulated markets in Erode, Chithode and Perundurai, besides the Agricultural Producers’ Cooperative Marketing Societies in Karungalpalayam and Gobichettipalayam.
At the Erode regulated market, finger turmeric fetched between ₹12,699 and ₹17,122 a quintal on Thursday and between ₹11,598 and ₹17,402 on Friday. Bulb turmeric was sold between ₹12,139 and ₹14,889 on Thursday and between ₹10,639 and ₹15,050 on Friday.
M. Sathyamurthy, secretary of the Erode Turmeric Merchants and Godown Owners’ Association, told The Hindu that arrivals had declined across the country as weather conditions remained unfavourable in major turmeric-growing regions.
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