Turmeric trading range for the day is 7092-7392 - Kedia Advisory
Turmeric
Turmeric trading range for the day is 7092-7392.
Turmeric gained on following export demand from Europe, Gulf countries and Bangladesh.
However upside seen limited as 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 7301.9 Rupees gained 1.9 Rupees.
Jeera
Jeera trading range for the day is 13065-13235.
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 -5.55 Rupees to end at 13555 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 6344-6560.
Dhaniya settled down due to absence of buyers in the spot markets of 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 -14.75 Rupees to end at 6838.8 Rupees per 100 kg.
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