Dhaniya trading range for the day is 6547-6923 - Kedia Advisory
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TURMERIC
Turmeric trading range for the day is 7048-7448.
Turmeric prices seen supported as turmeric crops were severely damaged due to heavy rains.
Support also seen on following export demand from Europe, Gulf countries and Bangladesh.
Further there is expectation of increase in Turmeric sowings in some areas
In Nizamabad, a major spot market in AP, the price ended at 7332.95 Rupees gained 52.95 Rupees
JEERA
Jeera trading range for the day is 13110-13360.
Jeera settled flat due to higher availability with farmers and general demand from stockists
Pressure also seen due to the uncertainty of the lockdown over a possible third wave of Covid and low demand from the hotel industry.
As per preliminary estimates suggested that carryover stocks of Jeera are likely to be around of about 20-25 Lakh bags
In Unjha, a key spot market in Gujarat, jeera edged up by 83.8 Rupees to end at 13725 Rupees per 100 kg.
DHANIYA
Dhaniya trading range for the day is 6547-6923.
Dhaniya prices dropped as wholesale buyers and stockists are avoiding purchases due to uncertain business activities.
Higher production projections by Spices Board in 2020-21 are also keeping prices under check.
All India Coriander mandi arrivals stood at 0.17 lakh tonnes, declined by 70% as compared to the same month of the last year.
In Kota spot market in Rajasthan the prices gained 34.2 Rupees to end at 7034.2 Rupees per 100 kg.
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