Jeera trading range for the day is 14565-14935 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7942-8566.
Turmeric prices dropped on profit booking as demand is low at higher levels and arrivals have started in key markets such as Nizamabad and Erode.
In Nizamabad Mandi, 20,000 bags of turmeric have arrived while in Erode 5300 bags arrived.
In Sangli 32,000 bags of arrivals in Sangli mandi, compared to 27,448 bags in the previous season.
In Nizamabad, a major spot market in AP, the price ended at 7876.3 Rupees gained 3.55 Rupees.
Jeera
Jeera trading range for the day is 14565-14935.
Jeera gained as there is a possibility of a decrease in the production of cumin due to the rise in temperature.
However upside seen limited as the arrival from the fields has started intensifying
In Unjha Mandi, 21,000 bags have come in as compared to 12,500 bags in Rajkot whereas 7,500 bags have arrived as compared to 7,000 bags
In Unjha, a key spot market in Gujarat, jeera edged down by -40.6 Rupees to end at 14178.95 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7059-7375.
Dhaniya prices dropped as around 36000 bags arrived in Rajasthan mandis, out of which 31000 bags contained new coriander
However downside seen limited as exporters were active in the mandis of Ramganj and Kota for more purchases made for the Gulf countries.
As per estimates, the final production estimate of Coriander seed for marketing year (MY) 2020-21 is coming between 2.6-2.8 lakh metric tonne
In Kota spot market in Rajasthan the prices gained 2.1 Rupees to end at 7179.55 Rupees per 100 kg.
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