Turmeric trading range for the day is 7084-7284 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7084-7284.
Turmeric dropped as sentiment is weak and sluggish demand from local stockists amid poor quality arrivals in the market has led to the fall in prices.
However downside seen limited on following export demand from Europe, Gulf countries and Bangladesh.
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 7237.5 Rupees dropped -64.4 Rupees.
Jeera
Jeera trading range for the day is 13140-13280.
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 -38.15 Rupees to end at 13475 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 6281-6713.
Dhaniya gained on short covering after prices dropped due to absence of buyers in Rajasthan, Gujarat, Madhya Pradesh and Delhi.
Buyers from South India have not placed large orders in the mandis of Rajasthan for the last ten days.
Gujarat and Madhya Pradesh are also grappling with weaker demand than supply.
In Kota spot market in Rajasthan the prices dropped -12.15 Rupees to end at 6829.75 Rupees per 100 kg
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