IGI Logo

Turmeric

* Turmeric trading range for the day is 8832-9176.

* Turmeric dropped as pressure seen amid poor demand for old stocks as traders wait for the new season of turmeric. However, downside seen limited due to heavy rainfall, the minimum crop damage has gone to 40% to 50%.

* At the same time, the government estimates that turmeric production may be 1.11 million tonnes in 2020-21, which was 1.15 million tonnes a year ago.

* In Nizamabad, a major spot market in AP, the price ended at 8090.5 Rupees dropped -9.5 Rupees.

Jeera

* Jeera trading range for the day is 15965-16425.

* Jeera dropped as cumin exports declined by 1.4% year-on-year to 1.39 lakh tonnes in April-September.

* Further adequate stock with traders and farmers may keeping prices under pressure at higher levels. However downside seen limited as domestic demand is now picking up also the export inquiries to support price.

* In Unjha, a key spot market in Gujarat, jeera edged down by -96.05 Rupees to end at 16111.1 Rupees per 100 kg.

Dhaniya

* Dhaniya trading range for the day is 8391-8723.

* Dhaniya prices dropped as monsoon progress which can support Rabi season crops. Pressure also seen amid decrease in export and domestic demand due to poor quality of coriander in the current year.

* Spices Board pegs Apr-Sep coriander exports at 24,459 tn, down 13%

* In Kota spot market in Rajasthan the prices dropped -26.55 Rupees to end at 8750 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