Turmeric trading range for the day is 6942-7358 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 6942-7358.
Turmeric dropped amid prospects of better crop this kharif season along with tepid demand.
In the first 7 months of 2021, turmeric exports declined by 16% to 90,133 tonnes compared to the same period last year
The areas where turmeric has been sown have received adequate rainfall and are expected to produce well.
In Nizamabad, a major spot market in AP, the price ended at 7112.5 Rupees dropped -6.2 Rupees.
Jeera
Jeera trading range for the day is 14120-14530.
Jeera prices dropped as the sowing of cumin seeds in Gujarat and Rajasthan may increase
Pressure also seen as adequate stock with traders and farmers may keeping prices under pressure at higher levels.
In 2021 (January-July), the country has exported more than 1.75 lakh tonnes of cumin
In Unjha, a key spot market in Gujarat, jeera edged up by 52.6 Rupees to end at 14328.55 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7677-8069.
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 120.2 Rupees to end at 7766.9 Rupees per 100 kg.
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