Turmeric trading range for the day is 7058-7474 - Kedia Advisory
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TURMERIC
Turmeric trading range for the day is 7058-7474.
Turmeric prices gained on following export demand from Europe, Gulf countries and Bangladesh.
However upside seen limited as sentiment is weak and sluggish demand from local stockists amid poor quality arrivals in the market has led to the fall in prices
The curbs and lockdowns announced to control the second wave of Covid-19 pandemic affected trading.
In Nizamabad, a major spot market in AP, the price ended at 7255.95 Rupees gained 18.45 Rupees.
JEERA
Jeera trading range for the day is 13055-13255.
Jeera settled down amid excess supply and as demand is likely to remain subdued on weak buying
Farmers need money to start sowing the kharif crop and they are bringing huge stocks to sell in the market after the easing of Covid-related restrictions.
As India struggles against curbing the Corona pandemic, exports markets have turned subdued.
In Unjha, a key spot market in Gujarat, jeera edged down by -69.45 Rupees to end at 13405.55 Rupees per 100 kg.
DHANIYA
Dhaniya trading range for the day is 6426-6918.
Dhaniya prices gained on short covering as arrivals in Rajkot mandi were affected as farmers were busy with sowing.
Buyers from the south are refraining from buying from the mandis of Rajasthan, Gujarat and Madhya Pradesh.
The production of coriander has been estimated at 8,22,210 tonnes, a year-on-year increase of 17.3%.
In Kota spot market in Rajasthan the prices gained 43.7 Rupees to end at 6873.45 Rupees per 100 kg.
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