Hyderabad, Oct. 27: Turmeric prices surged to a record Rs. 19,253 per quintal at the Kesamudram agricultural market in Mahabubabad district, Telangana. The sharp increase was attributed to the good quality of turmeric brought by farmers, with prices rising by around Rs. 6,000 compared with the previous market session.
During the latest e-auction conducted under the Electronic National Agriculture Market (e-NAM) system, seven farmers brought 69 bags of bitter turmeric, while three farmers brought 30 bags of spherical turmeric.
Kesamudram Turmeric Prices Rise Sharply in e-NAM Auction
Bitter turmeric recorded a maximum price of Rs. 19,253 per quintal, a minimum of Rs. 15,589 and an average price of Rs. 19,252, according to the reported auction figures.
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Spherical turmeric fetched a maximum price of Rs. 18,566 per quintal. The minimum price was Rs. 8,506, while the average price stood at Rs. 17,469.
The latest prices marked a significant increase from the previous market session on October 22, before a two-day market holiday. Turmeric had then fetched Rs. 13,319 per quintal.
The increase of nearly Rs. 6,000 highlights the impact of quality on market prices. The latest auction has brought encouraging news for turmeric farmers in the region, although prices may vary depending on the quality and quantity supplied.
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