Spot Market Update: Turmeric Recovers On Bargain Buying

Bargain buying lifted Turmeric in spot markets today after prices tested near eight month low earlier this week. Lax demand and selling in futures have been keeping the commodity under stress in recent weeks. Supplies from New Crop are increasing in Southern mandies and buyers are on the sidelines. The commodity is currently quoting at 6410 per quintal, up 1% on the day in Nizamabad.