Turmeric trading range for the day is 7158-7662 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7158-7662.
Turmeric dropped amid poor demand for old stocks as traders wait for the new season of turmeric.
However downside seen limited amid less area in Telangana and unseasonal rains, expectations of better export demand.
Turmeric exports in the first 5 months (April-August) of FY 2021-22 declined by 25% to 64,600 tonnes as compared to the same period last year.
In Nizamabad, a major spot market in AP, the price ended at 7217.85 Rupees gained 63.4 Rupees.
Jeera
Jeera trading range for the day is 15975-16735.
Jeera prices gained as domestic demand is now picking up also the export inquiries to support price.
However upside seen limited as adequate stock with traders and farmers may keeping prices under pressure at higher levels.
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 61.25 Rupees to end at 15980 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 8509-8897.
Dhaniya prices gained as there are reports of poor sowing of coriander in Madhya Pradesh and Rajasthan.
In Gujarat, there are reports of 25/30 percent less sowing of coriander this year as compared to last year.
The total stock of coriander in the mandis of present Rajasthan is believed to be 4/5 lakh bags, that is half as compared to last year.
In Kota spot market in Rajasthan the prices gained 14.65 Rupees to end at 8306.95 Rupees per 100 kg.
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