Dhaniya trading range for the day is 8711-9263 - Kedia Advisory
Turmeric
Turmeric trading range for the day is 7322-8030.
Turmeric dropped amid poor demand for old stocks as traders wait for the new season of turmeric.
However downside seen limited amid less area in Telangana due to unseasonal rains, also expectations of better export demand.
Turmeric exports in the first 5 months (April-August) of FY 2021-22 declined by 25% to 64,600 tonnes as compared to the same period last year.
In Nizamabad, a major spot market in AP, the price ended at 7400 Rupees dropped -90 Rupees.
Jeera
Jeera trading range for the day is 16105-16805.
Jeera dropped as 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.
India's cumin exports will increase due to less supply from Afghanistan-Syrian
In Unjha, a key spot market in Gujarat, jeera edged up by 14.4 Rupees to end at 16087.5 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 8711-9263.
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.
The crop of Russia-Ukraine is normal, whereas in Bulgaria, the crop of coriander has increased from last year and in Syria only 30% of the crop is there.
In Kota spot market in Rajasthan the prices gained 14.9 Rupees to end at 8878.55 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
