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Published on 14/08/2020 12:31:14 PM | Source: Kedia Advisory

Turmeric trading range for the day is 5712-5892 By Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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Turmeric

Turmeric trading range for the day is 5712-5892.

Turmeric prices dropped as supply improved in the spot markets as a result of increased mandi arrivals.

There is no improvement in price and also no fresh upcountry demand has been received by traders.

The sale of turmeric has been decreased to 60 per cent as only medium quality turmeric is arriving for sale.

In Nizamabad, a major spot market in AP, the price ended at 5603.55 Rupees remains unchanged at0 Rupees.

 

Jeera

Jeera trading range for the day is 13925-14375.

Jeera prices dropped amid subdued demand from domestic and overseas markets and forecast of a bigger crop this year due to higher acreage.

According to the second advance estimates for the rabi crop in Gujarat, Jeera production in the state is seen rising 56%

Both Syria and Turkey's output is likely to double in 2020-21 (Jul-Jun).

In Unjha, a key spot market in Gujarat, jeera edged up by 23.95 Rupees to end at 13977.5 Rupees per 100 kg

 

Dhaniya

Dhaniya trading range for the day is 6437-6765.

Dhaniya remained on the lower side amid higher stocks from last year and the expectation of higher production for the year 2019-20.

Coriander exports during Apr-Mar 2019-20 were 0.47 lakh tonnes which is around 5% lower

Coriander acreage in Gujarat, was at 88405 ha, data from the state farm department showed.

In Kota spot market in Rajasthan the prices dropped -87.8 Rupees to end at 6619 Rupees per 100 kg.

 

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