Jeera trading range for the day is 13855-14505 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Turmeric
Turmeric trading range for the day is 7088-7504.
Turmeric prices gained on short covering following export demand from Europe, Gulf countries and Bangladesh.
However upside seen limited amid prospects of better crop this kharif season along with tepid demand.
Pressure seen as the areas where turmeric has been sown have received adequate rainfall and are expected to produce well in the next season.
In Nizamabad, a major spot market in AP, the price ended at 7212.5 Rupees dropped -37.5 Rupees
Jeera
Jeera trading range for the day is 13855-14505.
Jeera dropped as adequate stock with traders and farmers may keep prices under pressure at higher levels.
However downside seen limited as the export of cumin is increasing continuously and in the coming days there are signs of increasing the export of cumin
India's cumin exports will increase due to less supply from Afghanistan-Syrian
In Unjha, a key spot market in Gujarat, jeera edged down by -255.75 Rupees to end at 14347.6 Rupees per 100 kg
Dhaniya
Dhaniya trading range for the day is 7405-8025.
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 dropped -4.05 Rupees to end at 7790.95 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
