Jeera trading range for the day is 15845-16805 - Kedia Advisory
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TURMERIC
Turmeric trading range for the day is 7248-7920.
Turmeric gained amid less area in Telangana due to unseasonal rains, also expectations of better export demand supporting the prices.
However upside seen limited amid poor demand for old stocks as traders wait for the new season of turmeric.
Turmeric exports in the first 5 months (April-August) of FY 2021-22 declined by 25% to 64,600 tonnes as compared to the same period last year.
In Nizamabad, a major spot market in AP, the price ended at 7357.15 Rupees gained 139.3 Rupees.
JEERA
Jeera trading range for the day is 15845-16805.
Jeera dropped as adequate stock with traders and farmers may keeping prices under pressure at higher levels.
However downside seen limited as domestic demand is now picking up also the export inquiries to support price.
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 -31.25 Rupees to end at 16068.75 Rupees per 100 kg.
DHANIYA
Dhaniya trading range for the day is 8550-9006.
Dhaniya prices gained as the situation of shortage is visible in coriander in the current year.
The balance sheet is tight considering the production of 90 lakh bags of coriander and the demand of 1.25 to 1.30 crore bags
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 gained 315.8 Rupees to end at 8622.75 Rupees per 100 kg.
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