Bulk buying ahead of Diwali lifted spot turmeric by Rs 100-250 a quintal, despite heavy arrivals of
12,000 bags.
The bulk buyers have received orders from North India, which they have to fulfill before Deepavali.
So they are quoting higher for quality turmeric. On Thursday, prices increased by Rs 100 to Rs 250 a
quintal. But sales were average. Only half of the 12,000 bags, said Mr R.K.V. Ravishankar, President,
Erode Turmeric Merchants Association (ETMA).
He said markets will remain open for only five more sessions before Diwali.
Farmers are selling huge stocks at the prevailing prices as they need money for festival expenses
12,000 bags.
The bulk buyers have received orders from North India, which they have to fulfill before Deepavali.
So they are quoting higher for quality turmeric. On Thursday, prices increased by Rs 100 to Rs 250 a
quintal. But sales were average. Only half of the 12,000 bags, said Mr R.K.V. Ravishankar, President,
Erode Turmeric Merchants Association (ETMA).
He said markets will remain open for only five more sessions before Diwali.
Farmers are selling huge stocks at the prevailing prices as they need money for festival expenses
