Jeera trading range for the day is 14220-14880 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8032-8472
Turmeric prices seen supported on following export demand from Europe, Gulf countries and Bangladesh.
Turmeric crops were severely damaged due to heavy rains.
Further there is expectation of increase in Turmeric sowings in some areas
In Nizamabad, a major spot market in AP, the price ended at 7583.35 Rupees gained 19.05 Rupees
Jeera
Jeera trading range for the day is 14220-14880.
Jeera dropped paring gains on profit booking after prices seen supported 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 up by 33.35 Rupees to end at 14233.35 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7659-8215.
Dhaniya gained on short covering on renewed demand after unlockdown in many states
Still steady arrivals in the domestic market with APMC mandis being open only twice or may be thrice in a week amid covid norms.
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 gained 72.55 Rupees to end at 7641.65 Rupees per 100 kg.
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