Dhaniya trading range for the day is 6640-6828 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7060-7388.
Turmeric dropped as sentiment is weak and sluggish demand from local stockists amid poor quality arrivals in the market has led to the fall in prices.
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 7365.65 Rupees dropped -75.25 Rupees.
Jeera
Jeera trading range for the day is 13300-13590.
Jeera settled flat amid excess supply and as demand is likely to remain subdued on weak buying from local and overseas markets.
Farmers need money to start sowing the kharif crop and they are bringing huge stocks to sell in the market after the easing of Covid-related restrictions.
As India struggles against curbing the Corona pandemic, exports markets have turned subdued.
In Unjha, a key spot market in Gujarat, jeera edged down by -23.35 Rupees to end at 13760 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 6640-6828.
Dhaniya prices declined due to absence of buyers in the spot markets of Rajasthan, Gujarat, Madhya Pradesh and Delhi.
Buyers from South India have not placed large orders in the mandis of Rajasthan for the last ten days.
Gujarat and Madhya Pradesh are also grappling with weaker demand than supply.
In Kota spot market in Rajasthan the prices dropped -7 Rupees to end at 6966.9 Rupees per 100 kg.
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