Turmeric trading range for the day is 8076-8668 - Kedia Advisory
Turmeric
* Turmeric trading range for the day is 8076-8668.
* Turmeric dropped on profit booking after prices rallied in recent sessions amid high domestic and export demand, coupled with fears of lower output
* Apart from the quality of new goods being lighter, the percentage of moisture is also coming higher.
* The arrival of dry goods in the coming days, the quality will also start to improve.
* In Nizamabad, a major spot market in AP, the price ended at 7577.8 Rupees gained 3.55 Rupees.
Jeera
* Jeera trading range for the day is 13225-13885.
* Jeera dropped on profit booking after prices gained due to high export demand and sowing in Gujarat has gone down to 4.69 lakh hectares
* Jeera production for 2021-22 is estimated at 391,291 MT compared to last year’s 451,451 MT
* The Unjha market is receiving nearly 1,000 bags per day from north Gujarat, Saurashtra, and parts of Rajasthan.
* In Unjha, a key spot market in Gujarat, jeera edged down by -40.6 Rupees to end at 13227.8 Rupees per 100 kg.
Dhaniya
* Dhaniya trading range for the day is 6991-7455.
* Dhaniya prices gained as arrivals in MP and Rajasthan has been reported damaged due to adverse weather
* Currently 15/20 percent moisture is coming in new crop.
* Yield of coriander in Rajasthan, which was considered 10/12 lakh sacks, has started getting limited to 10 lakh bags at present.
* In Kota spot market in Rajasthan the prices gained 2.1 Rupees to end at 6982.15 Rupees per 100 kg.
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