Turmeric trading range for the day is 7170-7386 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7170-7386.
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 7125 Rupees gained 16.65 Rupees.
Jeera
Jeera trading range for the day is 14375-14775.
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 down by -37.1 Rupees to end at 14256.25 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7959-8187.
Dhaniya prices dropped as monsoon progress which can support Rabi season crops.
Pressure also seen amid decrease in export and domestic demand due to poor quality of coriander in the current year.
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 dropped -29.15 Rupees to end at 7859.9 Rupees per 100 kg.
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