Spot Market Update: Turmeric Increases On Stockiest Demand

Strong stockiest demand has extended gains 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 4000-500 bags have been reported in Nizamabad mandi, while 3000-4000 bags in Erode mandi. The spot prices of turmeric increased by Rs 10 per quintal , with the price range of Rs 6500-6700 per quintal.