Turmeric trading range for the day is 5822-5978
Turmeric prices dropped following improved supplies while demand remained sluggish keeping downward pressure on prices.
Turmeric prices trading lower owing to a seasonal decline in demand from exporters and bulk buyers such as spice manufacturers.
Production for 2020-21 is expected to be around 5.20 Lakh tonnes on a preliminary basis as against last year’s production of 5.35 Lakh tonnes
In Nizamabad, a major spot market in AP, the price ended at 5675 Rupees dropped -16.3 Rupees.
Jeera trading range for the day is 13920-14940
Jeera prices gained as support seen after FAO of United Nations raised the threat, another locust attack likely in Gujarat and Rajasthan.
However upside seen limited as production of jeera may rise 29% to 535,500 tn in the 2019-20.
Despite a peak demand period, the operations of spices industry in many upcountry markets have been hit in the wake of a labour shortage.
In Unjha, a key spot market in Gujarat, jeera edged up by 35.55 Rupees to end at 13910.55 Rupees per 100 kg
Dhaniya trading range for the day is 6707-6899.
Dhaniya prices gained due to decline in arrivals and improved demand in the market supported uptrend in prices during the review period.
Supply of coriander in the key markets of Gujarat, Madhya Pradesh and Rajasthan has started waning.
There are reports that some of the crop arrived in physical markets of Rajasthan and Madhya Pradesh is rain damaged.
In Kota spot market in Rajasthan the prices gained 40 Rupees to end at 6762.5 Rupees per 100 kg.
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