Turmeric price crosses ₹10,000 a quintal at regulated markets
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Arrival of fresh turmeric and increase in demand has pushed the price of turmeric to ₹10,000 a quintal at the regulated markets here.
Known for its curcumin content that range from 2.5% to 4.5%, the crop is grown is over 10,200 acres at Erode, Modakkurichi, Kodumudi, Bhavani, Anthiyur and Gobichettipalayam areas and is auctioned at the Erode and Perundurai regulated markets and also at the Agricultural Producers Cooperative Marketing Societies at Karungalpalayam in Erode and at Gobichettipalayam.
While the old turmeric was auctioned for less than ₹6,000 a quintal all these years, new turmeric fetched around ₹7,000 a quintal. Hence, large quantities of turmeric were stocked in godowns and were brought to the markets when price improved.