Archive · 21 Jul 2026
Turmeric prices surge to ₹20,000 per quintal in Erode
Turmeric prices in Erode, Tamil Nadu, have gone up a lot, reaching almost ₹20,000 per quintal.
This is because there isn't much turmeric coming to the market, and people are worried that a drought might make things worse.
Traders are buying a lot of turmeric now, thinking it will be hard to find later.
But farmers who sold their turmeric earlier aren't happy because they didn't get the higher prices.
The price of turmeric might keep going up if it doesn't rain enough, but if it rains a lot, prices might go down.
Turmeric prices in Erode have surged to nearly ₹20,000 per quintal due to dwindling supplies and drought concerns.
The finger variety of turmeric reached ₹19,779 per quintal on Monday, up from ₹15,199 on June 19.
The bulb variety has also seen a significant increase, rising from ₹14,000 in April to ₹17,632 on Monday.
Traders are stocking up on turmeric anticipating a supply shortage, while farmers who sold their produce earlier are missing out on the price surge.
Future price trends depend on rainfall; adequate rains could stabilize prices, while prolonged drought could drive them even higher.
- Who
- Traders and farmers in Erode, Tamil Nadu
- What
- Turmeric prices have surged to nearly ₹20,000 per quintal
- When
- Prices have been rising since April, with a significant increase in June
- Where
- Erode, Tamil Nadu, and other turmeric-growing regions
- Why
- Dwindling supplies, strong buying interest, and concerns over drought affecting future cultivation
Traders
Farmers
Benefits from Price Surge
Traders
Traders are benefiting from the price surge due to stocking and holding large inventories.
Farmers
Farmers have already sold their produce before the price surge, missing out on the benefits.
Future Price Trends
Traders
Traders anticipate further price increases if drought conditions persist.
Farmers
Farmers are concerned about the lack of water for future cultivation, which could limit their ability to benefit from higher prices.
- Current Price (Finger Variety)
- ₹19,779 per quintal
- Previous Price (Finger Variety)
- ₹15,199 per quintal (June 19)
- Price in April (Finger Variety)
- ₹14,000 per quintal
- Current Price (Bulb Variety)
- ₹17,632 per quintal
- Previous Price (Bulb Variety)
- ₹14,000 per quintal (April)
- Key Trading Hub
- Erode, Tamil Nadu
- Next Major Arrivals
- February 2027
- Primary Concern
- Drought conditions affecting future cultivation