Turmeric sees R500 a quintal jump in price
Demand for turmeric is on the rise and prices have registered an increase, trade sources said on Wednesday. Turmeric was at R5,820 a quintal on the last day of 2013. But since then, prices have gone up and the finger variety was sold at R5,960 a quintal and the root variety R 5,469 a quintal,sources said. RKV Ravishankar, president, Erode Turmeric Merchants Association, said the demand has increased and fine variety turmeric is arriving for sale in all the four turmeric markets at Erode. Within a months time, turmeric price increased by R500 a quintal and the hybrid price by R1,000. The hybrid was sold at R6.459 a quintal on January 2 and it was sold at R7,400 a quintal on Wednesday.