Turmeric trading range for the day is 10110-11334 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 10110-11334.
Turmeric dropped on profit booking prices gained to 11year high amid crop damage due to heavy rains and cyclones this year.
Turmeric crop was damaged in Maharashtra, Nizamabad in Telangana and Kadapa in Andhra Pradesh due to rains and cyclones.
The farmers, who incurred losses during this period due to low price, are hoping to get good price this year
In Nizamabad, a major spot market in AP, the price ended at 9555 Rupees gained 32.25 Rupees.
Jeera
Jeera trading range for the day is 17885-18375.
Jeera dropped on profit booking prices gained as local and overseas consumption started improving, the market began moving upwards.
Rise in export demand, the decline in the 2020-21 production as well as carryover stock estimates kept trade sentiments strong.
The production in Syria had fallen by roughly 25-30 percent in 2021, versus the previous year because of political instability.
In Unjha, a key spot market in Gujarat, jeera edged down by -116.35 Rupees to end at 17413.05 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 9853-10329.
Dhaniya dropped on profit booking prices gained as the situation of shortage is visible in coriander in the current year.
Coriander sowing is completed and sowing area is reported down by 10 – 15% compared to last year.
India’s cumulative exports for the period from April to October 2021 have stood at 0.29 lakh tonnes, less by 13%.
In Kota spot market in Rajasthan the prices gained 71.15 Rupees to end at 9720 Rupees per 100 kg.
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