Dhaniya trading range for the day is 8393-8993 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7600-8000.
Turmeric dropped as export demand reported lower due to increased shipping cost and some travel restriction in South Asian countries added the bearish sentiment
Spices Board has set a target of 33 per cent increase in turmeric exports to 183000 tonnes on a year-on-year basis in the financial year 2020-21.
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 7836.9 Rupees gained 18.15 Rupees.
Jeera
Jeera trading range for the day is 15830-16260.
Jeera gained as domestic demand is now picking up also the export inquiries to support price.
Cumin exports declined by 1.4% year-on-year to 1.39 lakh tonnes in April-September but are expected to improve in the coming months
The area under cumin in Gujarat is only 1.71 lakh hectares as against 3 lakh hectares in the same period last year
In Unjha, a key spot market in Gujarat, jeera edged down by -43.65 Rupees to end at 16178.55 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 8393-8993.
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 gained 7.5 Rupees to end at 8627.5 Rupees per 100 kg.
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