Turmeric trading range for the day is 7450-7694 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7450-7694.
Turmeric prices gained on following export demand from Europe, Gulf countries and Bangladesh.
However upside seen limited as the curbs and lockdowns announced to control the second wave of Covid-19 pandemic affected trading.
Turmeric has been in demand over the last two years as it is reported to be effective in medical use, particularly in combating Covid-19.
In Nizamabad, a major spot market in AP, the price ended at 7501.25 Rupees gained 15.4 Rupees.
Jeera
Jeera trading range for the day is 13280-13600.
Jeera gained on short covering after prices dropped as lockdown restrictions increased against rising Covid cases.
As India struggles against curbing the Corona pandemic, exports markets have turned subdued.
The importers prefer to wait for the situation to normalize before negotiating for fresh deals.
In Unjha, a key spot market in Gujarat, jeera edged up by 75.55 Rupees to end at 13720 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 6638-6810.
Dhaniya ended with gains as sentiments are much better due to higher export demand and less stock in the pipeline
However, downside seen limited as mandis across Rajasthan was affected due to the rapidly growing cases of corona virus.
According to FISS the production of coriander from the country this year will increase by 2.3% compared to last year.
In Kota spot market in Rajasthan the prices gained 33.9 Rupees to end at 6943.4 Rupees per 100 kg.
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