Turmeric trading range for the day is 7282-7850 - Kedia Advisory
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TURMERIC
Turmeric trading range for the day is 7282-7850.
Turmeric dropped on profit booking after prices rallied due to the possibility of 25 percent crop loss in Telangana and Andhra Pradesh.
Even in Sangli district of Maharashtra, the crop has been affected.
Covid-19 raised expectations regarding the consumption of turmeric as a body immune enhancer, but it did not last long
In Nizamabad, a major spot market in AP, the price ended at 7100 Rupees gained 3.55 Rupees.In Nizamabad, a major spot market in AP, the price ended at 7100 Rupees gained 3.55 Rupees.
JEERA
Jeera trading range for the day is 13200-13540.
Jeera prices gained due to constraints in supply as the end of season approaches.
Support was also seen from the export side as exporters switched to Indian cumin seed this time.
Demand for Indian Cumin has improved from UAE and Vietnam in recent months.
In Unjha, a key spot market in Gujarat, jeera edged down by -40.6 Rupees to end at 13010.55 Rupees per 100 kg.
DHANIYA
Dhaniya trading range for the day is 6368-6608.
Dhaniya dropped on profit booking after prices gained as domestic and export demand improved as vaccine hits market and sentiments improved.
Pressure also seen amid rising freight rates that can impact export
Indian exports inquires gained in past 1 week period while no concerns are there on exports
In Kota spot market in Rajasthan the prices gained 2.1 Rupees to end at 6237.5 Rupees per 100 kg.
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