IGI Logo

Turmeric

Turmeric trading range for the day is 7258-7494.

Turmeric prices gained as turmeric crops were severely damaged in Parbhani and Hingoli due to heavy rains.

Support also seen on following export demand from Europe, Gulf countries and Bangladesh.

However upside seen limited as sentiment is weak and sluggish demand from local stockists amid poor quality arrivals in the market has led to the fall in prices.

In Nizamabad, a major spot market in AP, the price ended at 7254.15 Rupees dropped -1.8 Rupees

Jeera

Jeera trading range for the day is 13090-13470.

Jeera prices gained as only 45-50 percent of the total production has come to the market.

In recent sessions, prices dropped amid excess supply and as demand is likely to remain subdued on weak buying from local and overseas markets.

Farmers need money to start sowing the kharif crop and they are bringing huge stocks to sell in the market after the easing of Covid-related restrictions.

In Unjha, a key spot market in Gujarat, jeera edged up by 61.25 Rupees to end at 13490 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 6641-6777.

Dhaniya gained as arrivals in Rajkot mandi were affected as farmers were busy with sowing

Buyers from the south are refraining from buying from the mandis of Rajasthan, Gujarat and Madhya Pradesh.

The production of coriander has been estimated at 8,22,210 tonnes, a year-on-year increase of 17.3%.

In Kota spot market in Rajasthan the prices dropped -55.5 Rupees to end at 6847 Rupees per 100 kg.

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer