Dhaniya trading range for the day is 6683-6819 - 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 7488-7808.
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 7515.2 Rupees gained 13.95 Rupees.
Jeera
Jeera trading range for the day is 13380-13530.
Jeera dropped 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 -25.55 Rupees to end at 13694.45 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 6683-6819.
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 gained 1 Rupees to end at 6944.4 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
