Spot Market Update: Turmeric Gains After Recent Selling,

Decent bargain buying supported Turmeric in spot markets off late after recent selling pressure. Prices tested near eight month low before edging up. 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 ready market quotes are hovering around Rs 6800 per quintal, up 0.50% on the day.