Turmeric trading range for the day is 7148-7560. - Kedia Advisory
DAILY TURMERIC SYNOPSIS
* Turmeric trading range for the day is 7148-7560.
* Turmeric 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 7141.35 Rupees gained 124.7 Rupees.
Turmeric
DAILY JEERA SYNOPSIS
* Jeera trading range for the day is 14470-14800.
* Jeera settled flat 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 up by 29.5 Rupees to end at 14386.65 Rupees per 100 kg.
Jeera
DAILY DHANIYA SYNOPSIS
* Dhaniya trading range for the day is 7849-8129.
* 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 103.15 Rupees to end at 7865.65 Rupees per 100 kg.
Dhaniya
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