Turmeric trading range for the day is 6000-6332 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
TURMERIC
Turmeric trading range for the day is 6000-6332.
Turmeric gained amid expectation of decrease in Turmeric sown area across Nizamabad and Marathwada regions.
However upside seen limited due to excess stocks which will be 50-60% of the excess in the current year as carry forward in the next year.
Stockiest are getting active and started purchasing actively due to factors like decreasing sowing area and increasing demand.
In Nizamabad, a major spot market in AP, the price ended at 5845.25 Rupees gained 3.55 Rupees.
JEERA
Jeera trading range for the day is 13050-13280.
Jeera dropped as the season progresses in Gujarat, the increase in Rabi sowing continues.
Prices declined due to a reduction in export demand amidst substantial carryover stocks.
The total sowing of cumin in Gujarat has been over 4,64,469 hectares, compared to 4,35,657 hectares in the same period last year
In Unjha, a key spot market in Gujarat, jeera edged down by -40.6 Rupees to end at 13000 Rupees per 100 kg.
DHANIYA
Dhaniya trading range for the day is 5925-6121.
Dhaniya prices dropped as there is a high arrival of new crop and prices are being fixed according to its moisture.
There is an increase in arrival of cold coriander in the mandis, even demand from local mills is hardly seen.
High-grade coriander was sluggishly inaccessible, while in Ramganj mandi, poor quality coriander prices remained low.
In Kota spot market in Rajasthan the prices gained 2.1 Rupees to end at 5942.5 Rupees per 100 kg.
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
