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Turmeric Stays Supported On Overseas Buying (Spot Market Update)

Turmeric prices soared further today, extending the recent spike. Prices are trading around Rs 5290 a quintal in Nizamabad, up Rs 100 a quintal amid good demand and gains in most of the spices. These are the highest levels in nearly four months for the commodity. Prices have been steady at lower levels off late as good buying is emerging ahead of peak festivities. The fresh arrivals of the commodity would start at the beginning of the next year and though the stocks are quite comfortable, buying seems to be supporting the commodity after the battering in the prices over last few months.


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