Turmeric trading range for the day is 6992-7584 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 6992-7584.
Turmeric prices gained following export demand from Europe, Gulf countries and Bangladesh.
However upside seen limited amid prospects of better crop this kharif season along with tepid demand.
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 7111.85 Rupees dropped -13.15 Rupees.
Jeera
Jeera trading range for the day is 14280-14800.
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 of cumin
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 -16.25 Rupees to end at 14240 Rupees per 100 kg
Dhaniya
Dhaniya trading range for the day is 7867-8319.
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 37.6 Rupees to end at 7897.5 Rupees per 100 kg.
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