Published on 29/05/2020 2:56:40 PM | Source: Kedia Advisory

Turmeric trading range for the day is 5316-5388 - Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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Turmeric trading range for the day is 5316-5388.

Turmeric prices dropped amid expectation of new crop supply gaining momentum in coming weeks.

Only 1,400 bags of turmeric was arrived and only medium quality turmeric was placed for sale.

If the transport system and goods carrier system improve more quantity of turmeric may be procured by the traders.

In Nizamabad, a major spot market in AP, the price ended at 5244.05 Rupees gained 44.05 Rupees.




Jeera trading range for the day is 13505-13745.

Jeera prices dropped as traders are still bracing for a continued slackness in offtakes.

Despite a peak demand period, the operations of spices industry in many upcountry markets have been hit in the wake of a labour shortage.

Farmers are expecting nearly 30 per cent jump in jeera crop from 4,16,600 tonnes reported in 2019 to 5,35,500 tonnes this year .

In Unjha, a key spot market in Gujarat, jeera edged up by 16.65 Rupees to end at 13716.65 Rupees per 100 kg.



Dhaniya trading range for the day is 5645-5823.

Dhaniya price seen supported as the crop is lower than expectation in Rajasthan Coriander acreage in Gujarat, was at 88405 ha, data from the state farm department showed.

According to Spices Board of India data, coriander exports were at 24,500 tn, up from 24,450 tn from the year-ago period.

In Kota spot market in Rajasthan the prices dropped -5.35 Rupees to end at 5962.5 Rupees per 100 kg.


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