New Delhi, 28 October (NNS): Turmeric prices are currently showing some sluggishness. On seeing the sharp downfall, the spot prices of Erode gatha turmeric declined by Rs 300 to Rs 23100/23200 per quintal as compared to Rs 23400 per quintal a day earlier. However, there is little cause for concern as arrivals seems weak in the markets and old stocks have been decreasing  over the past few years. Expecting prices to stabilise before rising further, big traders and stockists are holding back their stocks due to this, the supply seems limited in the markets. Fresh buying and speculative activity in the futures market have also been contributed to the sharp rise in prices. Turmeric is likely to remain volatile in the near future.