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Published on 3/03/2021 11:52:48 AM | Source: Kedia Advisory

Turmeric trading range for the day is 8674-9130 - Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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Turmeric

 * Turmeric trading range for the day is 8674-9130.

* Turmeric prices rallied 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 7909.1 Rupees gained 3.55 Rupees.

Jeera

* Jeera trading range for the day is 13400-13920.

* Jeera 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 13300 Rupees per 100 kg.

Dhaniya

* Dhaniya trading range for the day is 7097-7593.

* Dhaniya dropped on profit booking after prices gained due to lower production and higher export demand with no * much carry-over stock.

* Due to low yield in Gujarat, production will not exceed 40 lakh bags.

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 7158.35 Rupees per 100 kg.

 

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