Turmeric trading range for the day is 8562-9086 - 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 8562-9086.
Turmeric prices gained due to a lower crop yield and increased demand in the domestic and export market.
The domestic and export sales will grow by over 20% over the previous year as spices will be much in demand especially turmeric for its medicinal properties.
High export demand for turmeric from China, Gulf countries, Malaysia, Singapore, and other European countries have started coming
In Nizamabad, a major spot market in AP, the price ended at 8123.55 Rupees gained 3.55 Rupees.
Jeera
Jeera trading range for the day is 14185-15305.
Jeera gained as there is a possibility of a decrease in the production of cumin due to the rise in temperature.
However upside seen limited as the arrival from the fields has started intensifying
In Unjha Mandi, 21,000 bags have come in as compared to 12,500 bags in Rajkot whereas 7,500 bags have arrived in Rajkot
In Unjha, a key spot market in Gujarat, jeera edged down by -40.6 Rupees to end at 14033.35 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7000-7456.
Dhaniya prices gained as market is focusing on purchases by South Indian mills and exporters
The domestic and export sales will grow by over 20% over the previous year as spices will be much in demand.
From Rajasthan not more than 12 lakh bags of coriander is expected.
In Kota spot market in Rajasthan the prices gained 2.1 Rupees to end at 7247.5 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
