Turmeric trading range for the day is 6828-7052 - Kedia Advisory
Jeera
Obersvations
* Jeera trading range for the day is 29590-31970.
* Jeera prices dropped as new crop arrivals have started from some major producing centers
* Global production will be higher at 4.35 lt against 4.08 lt.
* But net supplies from India are projected 7 per cent lower.
* In Unjha, a key spot market in Gujarat, jeera edged down by -425.65 Rupees to end at 30589.95 Rupees per 100 kg.
Dhaniya
Obersvations
* Dhaniya trading range for the day is 7156-7396
* Dhaniya prices dropped as harvesting has started and hence arrivals from some producing centers have started with 15%-30% moisture
* Dhaniya imports during Apr-Dec 2022 has rose by 174.92 percent at 27,984.46 tonnes
* Dhaniya exports during Apr-Dec 2022 has dropped by 13.65 percent at 32,438.10 tonnes
* Carry over stocks of old coriander is around 5-6 lakh bags is estimated to remain
Turmeric
Obersvations
* Turmeric trading range for the day is 6828-7052.
* Turmeric settled flat as turmeric harvesting has started in the key growing regions
* Pressure also seen as farmers and stockists are releasing their stocks, in the fear of further decline in prices
* The crop is good this season despite some projection of a lower crop.
* In Nizamabad, a major spot market in AP, the price ended at 6989.85 Rupees dropped -21.7 Rupees.
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
