Dhaniya trading range for the day is 8237-8957 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8156-9016.
Turmeric rose as support seen on following export demand from Europe, Gulf countries and Bangladesh.
Turmeric crops were severely damaged in Parbhani and Hingole due to heavy rains.
However upside seen limited as the lockdown restrictions were eased reported noticeable increase in mandi arrivals.
In Nizamabad, a major spot market in AP, the price ended at 7672.5 Rupees gained 80 Rupees.
Jeera
Jeera trading range for the day is 15170-16100.
Jeera prices rallied amid fears of a deficient monsoon.
Cumin seed production was pegged at 8.56 lakh tonnes during 2020-21, lower than the previous year’s 9.12 lakh tonnes.
The area had declined marginally during 2020-21 to 12.41 lakh hectares (lh) compared with the previous year’s 12.76 lh.
In Unjha, a key spot market in Gujarat, jeera edged up by 334.9 Rupees to end at 15089.45 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 8237-8957.
Dhaniya gained on short covering on renewed demand after unlockdown in many states.
Still steady arrivals in the domestic market with APMC mandis being open only twice or may be thrice in a week amid Covid norms.
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 194.35 Rupees to end at 8122.9 Rupees per 100 kg.
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