01-01-1970 12:00 AM | Source: Kedia Advisory
Jeera trading range for the day is 13855-14505 - Kedia Advisory
News By Tags | #473 #5839

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Turmeric

Turmeric trading range for the day is 7088-7504.

Turmeric prices gained on short covering following export demand from Europe, Gulf countries and Bangladesh.

However upside seen limited amid prospects of better crop this kharif season along with tepid demand.

Pressure seen as the areas where turmeric has been sown have received adequate rainfall and are expected to produce well in the next season.

In Nizamabad, a major spot market in AP, the price ended at 7212.5 Rupees dropped -37.5 Rupees

Jeera

Jeera trading range for the day is 13855-14505.

Jeera dropped as adequate stock with traders and farmers may keep prices under pressure at higher levels.

However downside seen limited as the export of cumin is increasing continuously and in the coming days there are signs of increasing the export of cumin

India's cumin exports will increase due to less supply from Afghanistan-Syrian

In Unjha, a key spot market in Gujarat, jeera edged down by -255.75 Rupees to end at 14347.6 Rupees per 100 kg

Dhaniya

Dhaniya trading range for the day is 7405-8025.

Dhaniya prices dropped as monsoon progress which can support Rabi season crops.

Pressure also seen amid decrease in export and domestic demand due to poor quality of coriander in the current year.

The crop of Russia-Ukraine is normal, whereas in Bulgaria, the crop of coriander has increased from last year and in Syria only 30% of the crop is there.

In Kota spot market in Rajasthan the prices dropped -4.05 Rupees to end at 7790.95 Rupees per 100 kg

 

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