Turmeric dropped amid prospects of better crop this kharif season - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7046-7270.
Turmeric dropped amid prospects of better crop this kharif season along with tepid demand.
However downside seen limited following export demand from Europe, Gulf countries and Bangladesh.
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 7100 Rupees gained 21.45 Rupees.
Jeera
Jeera trading range for the day is 14535-14845.
Jeera dropped as adequate stock with traders and farmers may keeping 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
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 -21.45 Rupees to end at 14392.85 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 8010-8290.
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 25 Rupees to end at 8000 Rupees per 100 kg.
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