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Turmeric

Turmeric trading range for the day is 7982-8426.

Turmeric dropped on profit booking as pressure seen after prices dropped across various APMC yards in the country mainly on account of slack demand.

Turmeric prices are down as there is no demand because of a fresh lockdown due to rise in Covid-19 cases could result in stockists’ purchases dropping.

Downside seen limited on concerns over production prospects in the new season, relatively lower carryover stocks, and better exports prospects.

In Nizamabad, a major spot market in AP, the price ended at 7725 Rupees gained 19.45 Rupees.

Jeera

Jeera trading range for the day is 13835-14135.

Jeera dropped as lockdown restrictions increased against rising Covid cases, slowing spot trade interest weakened market sentiments.

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 57.15 Rupees to end at 14100 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 6909-7165.

Dhaniya gained as sentiments are much better due to higher export demand and less stock in the pipeline

However, upside 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 111.75 Rupees to end at 7033.35 Rupees per 100 kg.

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