Turmeric trading range for the day is 7120-7440 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7120-7440.
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 7162.5 Rupees dropped -6.2 Rupees.
Jeera
Jeera trading range for the day is 14365-14685.
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 14437.5 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7710-8054.
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
Coriander exports during the April-July period declined by 10% to 17,830 tonnes as against 19,820 tonnes in the previous year.
In Kota spot market in Rajasthan the prices gained 120.2 Rupees to end at 7853.55 Rupees per 100 kg.
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