Published on 16/09/2020 1:40:24 PM | Source: Kedia Advisory

Turmeric trading range for the day is 5860-5980 By Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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Turmeric trading range for the day is 5860-5980.

Turmeric prices gained as buyers reported active from lower levels as lower sowing area in Tamil Nadu

At spot market, new Turmeric supply continued with higher moisture level around 4 - 5%.

Turmeric production for 2020-21 is estimated at 452,698 MT (basis dry crop) compared to previous year’s 532,353 MT.

In Nizamabad, a major spot market in AP, the price ended at 5605 Rupees gained 5 Rupees.



Jeera trading range for the day is 13935-14275.

Jeera prices gained on some lower level buying and revival in export buying in the global markets

Export buying from the European Nations for Indian cumin seed is also expected to pick up, as the production in Syria has been reported to be lower

However upside seen limited on update production of jeera may rise 29% to 535,500 tn in the 2019-20.

In Unjha, a key spot market in Gujarat, jeera edged up by 78.35 Rupees to end at 13895 Rupees per 100 kg



Dhaniya trading range for the day is 6436-6876.

Dhaniya prices 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 -2.55 Rupees to end at 6656.45 Rupees per 100 kg.



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