Jeera trading range for the day is 13100-13350 - Kedia Advisory
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TURMERIC
Turmeric trading range for the day is 7246-7542.
Turmeric gains as turmeric crops were severely damaged in Parbhani and Hingole due to heavy rains.
Support also seen on following export demand from Europe, Gulf countries and Bangladesh.
Further there is expectation of increase in Turmeric sowings in some areas were the key factors that dented market sentiments.
In Nizamabad, a major spot market in AP, the price ended at 7280 Rupees dropped -51.8 Rupees.
JEERA
Jeera trading range for the day is 13100-13350.
Jeera prices gained as only 45-50 percent of the total production has come to the market.
However upside seen limited due to the uncertainty of the lockdown over a possible third wave of Covid and low demand from the hotel industry.
As per preliminary estimates suggested that carryover stocks of Jeera are likely to be around of about 20-25 Lakh bags
In Unjha, a key spot market in Gujarat, jeera edged up by 65.05 Rupees to end at 13642.85 Rupees per 100 kg.
DHANIYA
Dhaniya trading range for the day is 6717-6937.
Dhaniya prices gained as arrivals in Rajkot mandi were affected as farmers were busy with sowing
Higher production projections by Spices Board in 2020-21 are also keeping prices under check.
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 dropped -27.1 Rupees to end at 7022.9 Rupees per 100 kg.
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