Jeera trading range for the day is 13160-13400 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7194-7550.
Turmeric prices seen supported as turmeric crops were severely damaged 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.
In Nizamabad, a major spot market in AP, the price ended at 7334.5 Rupees gained 1.55 Rupees.
Jeera
Jeera trading range for the day is 13160-13400.
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.
In Unjha, a key spot market in Gujarat, jeera edged down by -41.65 Rupees to end at 13683.35 Rupees per 100 kg
Dhaniya
Dhaniya trading range for the day is 6565-7457.
Dhaniya prices gained as arrivals in Rajkot mandi were affected as farmers were busy with sowing.
Buyers from the south are refraining from buying from the mandis of Rajasthan, Gujarat and Madhya Pradesh.
The production of coriander has been estimated at 8,22,210 tonnes, a year-on-year increase of 17.3%.
In Kota spot market in Rajasthan the prices dropped -1.95 Rupees to end at 7032.25 Rupees per 100 kg.
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