01-01-1970 12:00 AM | Source: Kedia Advisory
Dhaniya trading range for the day is 6875-7419 - Kedia Advisory
News By Tags | #473 #5839

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Turmeric

Turmeric trading range for the day is 8020-8420.

Turmeric gains as production decreased by 25 per cent compared to last year as poor returns forced many to shift to other crop.

Support also seen amid increase in exports and supply constraints

Compared to last year, exports increased by around 40 per cent-- up to 1.60 lakh tonne of turmeric is exported

In Nizamabad, a major spot market in AP, the price ended at 7612.5 Rupees gained 3.55 Rupees.

 

Jeera

Jeera trading range for the day is 14605-14905.

Jeera dropped as the arrival from the fields has started intensifying but the market is awaiting better quality spices with lower moisture content.

However downside seen limited as there is a possibility of a decrease in the production of cumin due to the rise in temperature.

In Unjha Mandi, 21,000 bags have come in as compared to 12,500 bags in Rajkot whereas 7,500 bags have arrived as compared to 7,000 bags

In Unjha, a key spot market in Gujarat, jeera edged down by -40.6 Rupees to end at 14189.45 Rupees per 100 kg.

 

Dhaniya

Dhaniya trading range for the day is 6875-7419.

Dhaniya prices dropped on profit booking amid an improvement in weather conditions, with more arrivals in mandis.

However, downside seen limited as exporters were active in the mandis of Ramganj and Kota for more purchases made for the Gulf countries.

As per estimates, the final production estimate of Coriander seed for marketing year (MY) 2020-21 is coming between 2.6-2.8 lakh metric tonne

In Kota spot market in Rajasthan the prices gained 2.1 Rupees to end at 7193.75 Rupees per 100 kg.

 

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