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Published on 28/10/2021 1:51:44 PM | Source: Kedia Advisory

Jeera trading range for the day is 15070-15450 - Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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Turmeric

Turmeric trading range for the day is 7044-7596.

Turmeric gained 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.

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 7126.55 Rupees gained 12.65 Rupees.

 

Jeera

Jeera trading range for the day is 15070-15450.

Jeera gained as the export of cumin is increasing continuously and in the coming days there are signs of increasing the export of cumin.

However upside seen limited as adequate stock with traders and farmers may keeping prices under pressure at higher levels.

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

In Unjha, a key spot market in Gujarat, jeera edged up by 37.15 Rupees to end at 14780 Rupees per 100 kg.

 

Dhaniya

Dhaniya trading range for the day is 7892-8336.

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 -45 Rupees to end at 8080 Rupees per 100 kg.

 

 

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