Turmeric prices near ₹19,000 a quintal in Erode amid fall in arrivals
Turmeric prices in Erode are approaching ₹19,000 per quintal due to a decline in market arrivals and dwindling old stocks. Farmers anticipate further price increases as demand rises ahead of the festival season.
Why it matters
Fluctuations in commodity prices directly impact the livelihoods of farmers and the agricultural economy in the Erode region.
Turmeric prices are nearing ₹19,000 a quintal in Erode amid a decline in arrivals, bringing cheer to farmers.
Turmeric from Erode and neighbouring districts is sold through auctions at the regulated markets in Karumandichellipalayam and Semmampalayam near Perundurai, and at the Erode and Gobichettipalayam Agricultural Producers Cooperative Marketing Societies. Auctions are held from Monday to Friday, except on government holidays. The regulated markets at Chithode and Thalavadi also conduct auctions, attracting traders from within and outside the State.
Between 1,000 and 6,000 bags are sold daily through the two regulated markets and two cooperative societies, depending on arrivals. Erode turmeric, which has a geographical indication (GI) tag, is known for its quality and is exported to several countries.
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