Jeera trading range for the day is 16090-16370 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8910-9270.
Turmeric dropped as pressure seen amid poor demand for old stocks as traders wait for the new season of turmeric.
However, downside seen limited due to heavy rainfall, the minimum crop damage has gone to 40% to 50%.
At the same time, the government estimates that turmeric production may be 1.11 million tonnes in 2020-21, which was 1.15 million tonnes a year ago.
In Nizamabad, a major spot market in AP, the price ended at 8100 Rupees gained 4.55 Rupees.
Jeera
Jeera trading range for the day is 16090-16370.
Jeera gained as domestic demand is now picking up also the export inquiries to support price.
Cumin exports declined by 1.4% year-on-year to 1.39 lakh tonnes in April-September but are expected to improve in the coming months.
The area under cumin in Gujarat is only 1.71 lakh hectares as against 3 lakh hectares in the same period last year
In Unjha, a key spot market in Gujarat, jeera edged up by 35.7 Rupees to end at 16207.15 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 8451-8747.
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.
Spices Board pegs Apr-Sep coriander exports at 24,459 tn, down 13%
In Kota spot market in Rajasthan the prices dropped -30.1 Rupees to end at 8776.55 Rupees per 100 kg.
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