Spot Market Update: Turmeric Recovers From Previous Losses

Bargain buying seen in turmeric market today. The market sources added that the total production of turmeric is likely to decline by almost 2-3 lakh bags in the current year due to poor rainfall in major producing states such as Tamilnadu. The total daily arrivals of 11000 bags have been reported in Nizamabad mandi, while 8000-12000 bags in Erode mandi. The spot prices of turmeric increased by Rs 40 per quintal , with the price range of Rs 6450-6600 per quintal.