Byline: Our Correspondent
Spot turmeric prices fell sharply despite low arrivals as stockists have stopped building inventories.
aoeEveryone is shocked as the arrival decreased sharply and only 4,727 bags arrived for sale on Monday. This is the lowest arrival during this year. But prices have not increased, instead they have come down by Rs 700 a quintal,a said Mr R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.
He said due to rain in and around Erode, only few farmers brought their produce for sale. In Gobichettipalayam Cooperative Marketing Society, only one farmer brought three bags, so the auction did not take place on Monday.…