A drop in the arrival of fresh turmeric and uncertainty over cultivable areas in the coming season due to the prevailing drought has pushed the price of fresh turmeric to ₹19,509 a quintal at the Erode market, as on Monday, March 11, 2024. This is an increase of ₹1,810 a quintal when compared to the auction price of ₹17,699 at the market on March 9.
At the Erode Society, the fresh finger variety was auctioned between ₹15,569 a quintal, and ₹19,509 a quintal, while the bulb variety was auctioned between ₹14,599 a quintal, and ₹17,089 a quintal.
The Erode Regulated Market, functioning at the Turmeric Market Complex and owned by the Erode Turmeric Merchants and Godown Owners’ Association (Erode Manjal Vanigarkal Matrum Kidangu Urimaiyalargal Sangam), is the second-biggest market in the country, after the one in Nizamabad in Telangana.
