The rate of turmeric become again decreased on Wednesday. “After an afternoon’s closure of turmeric markets due to Bannariamman temple kundam (fire walking) pageant turned into assembled on Wednesday whilst 8,000 baggage become arrived on the market.

Traders bought accurate quantity of turmeric for their requirement but quoted decreased charge”, said RKV Ravishankar, President, Erode Turmeric Merchants Association. He stated because of arrival of heavy inventory the investors quoted reduced charge and additionally the buyers are very careful in buying the stock due to the economic yr quit.

Above all of the investors are looking ahead to clean arrival of latest Erode turmeric inside the center of April. The call for from North India has reduced for the duration of this week. He said simplest on common 60 consistent with cent shares were offered.

The finger and root types fees have long gone down by way of ₹2 hundred to ₹300 a quintal in all of the markets. Some buyers expected that the charge can also decrease further, so they’re shopping for restrained inventory. The farmers stated handiest after the Parliament election, they’ll carry extra amount with first-class turmeric.