Turmeric trading range for the day is 6124-6380 - Kedia Advisory
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TURMERIC
Turmeric trading range for the day is 6124-6380.
Turmeric dropped due to excess stocks which will be 50-60% of the excess in the current year as carry forward in the next year.
However downside seen limited amid expectation of decrease in Turmeric sown area
Stockiest are getting active and started purchasing actively due to factors like decreasing sowing area and increasing demand.
In Nizamabad, a major spot market in AP, the price ended at 6000 Rupees gained 3.55 Rupees.
JEERA
Jeera trading range for the day is 13080-13410.
Jeera prices gained due to constraints in supply as the end of season approaches.
Support was also seen from the export side as exporters switched to Indian cumin seed this time.
Demand for Indian Cumin has improved from UAE and Vietnam in recent months.
In Unjha, a key spot market in Gujarat, jeera edged down by -40.6 Rupees to end at 13100 Rupees per 100 kg.
DHANIYA
Dhaniya trading range for the day is 5929-6225.
Dhaniya gained as demand from domestic and export demand improved as vaccine hits market and sentiments improved on market opening.
However upside seen limited on rising freight rates that can impact export
Indian exports inquires gained in past 1 week period while no concerns are there on exports
In Kota spot market in Rajasthan the prices gained 2.1 Rupees to end at 5929 Rupees per 100 kg.
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