Turmeric trading range for the day is 7196-7556 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7196-7556.
Turmeric dropped amid prospects of better crop this kharif season along with tepid demand.
However downside seen limited following export demand from Europe, Gulf countries and Bangladesh.
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 7111.85 Rupees dropped -13.15 Rupees.
Jeera
Jeera trading range for the day is 14375-14795.
Jeera gained as the export of cumin is increasing continuously and in the coming days there are signs of increasing the export.
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 26.65 Rupees to end at 14266.65 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7845-8333.
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 -25.3 Rupees to end at 7872.2 Rupees per 100 kg.
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