Turmeric price crosses ₹20,000 a quintal in Erode

The price of finger turmeric crossed ₹20,000 a quintal at Erode Society here on Monday, with reduced arrivals and festival demand pushing up prices.

At Erode Society, finger turmeric was priced between ₹19,419 and ₹20,799 a quintal, while bulb turmeric was priced between ₹17,849 and ₹19,011. The price of finger turmeric rose by ₹1,539 a quintal compared with the price recorded at the society on October 9.

At the Erode Regulated Market, finger turmeric was priced between ₹13,569 and ₹20,119 a quintal, while bulb turmeric was priced between ₹12,099 and ₹18,400.

Farmers said turmeric prices had risen by over ₹3,000 a quintal in the past two weeks owing to drought conditions and a decline in arrivals at the markets.

They attributed the fall in supply to the lack of water for irrigation in the Kalingarayan Canal and Lower Bhavani Project (LBP) canal ayacut areas, which had affected turmeric cultivation. Festival demand had also contributed to the price rise, they added.