Jeera trading range for the day is 13105-13265 - Kedia Advisory
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TURMERIC
Turmeric trading range for the day is 7226-7418.
Turmeric prices dropped as sentiment is weak and sluggish demand from local stockists amid poor quality arrivals in the market.
However downside seen limited on following export demand from Europe, Gulf countries and Bangladesh..
The curbs and lockdowns announced to control the second wave of Covid-19 pandemic affected trading.
In Nizamabad, a major spot market in AP, the price ended at 7325 Rupees dropped -15 Rupees.
JEERA
Jeera trading range for the day is 13105-13265.
Jeera settled flat amid excess supply and as demand is likely to remain subdued on weak buying
Farmers need money to start sowing the kharif crop and they are bringing huge stocks to sell in the market after the easing of Covid-related restrictions.
As India struggles against curbing the Corona pandemic, exports markets have turned subdued.
In Unjha, a key spot market in Gujarat, jeera edged down by -20 Rupees to end at 13580 Rupees per 100 kg.
DHANIYA
Dhaniya trading range for the day is 6418-6610.
Dhaniya prices dropped due to absence of buyers in the spot markets of Rajasthan, Gujarat, Madhya Pradesh and Delhi.
Buyers from South India have not placed large orders in the mandis of Rajasthan for the last ten days.
Gujarat and Madhya Pradesh are also grappling with weaker demand than supply.
In Kota spot market in Rajasthan the prices dropped -100.4 Rupees to end at 6853.55 Rupees per 100 kg.
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