Turmeric trading range for the day is 7288-7408 - Kedia Advisory
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TURMERIC
Turmeric trading range for the day is 7288-7408.
Turmeric settled flat amid comfortable supplies of Turmeric with pick-up in mandi arrivals along with sufficient availability of stocks with traders.
The demand remained subdued from bulk buyers from major consumption centres in the country.
In Nizamabad, a major spot market in AP, the price ended at 7331.8 Rupees dropped -7.95 Rupees.Further there is expectation of increase in Turmeric sowings in some areas were the key factors that dented market sentiments
JEERA
Jeera trading range for the day is 13015-13405.
Jeera dropped due to higher availability with farmers and general demand from stockists.
Pressure also seen due to the uncertainty of the lockdown over a possible third wave of Covid and low demand from the hotel industry
As per preliminary estimates suggested that carryover stocks of Jeera are likely to be around of about 20-25 Lakh bags
In Unjha, a key spot market in Gujarat, jeera edged down by -122.2 Rupees to end at 13577.8 Rupees per 100 kg.
DHANIYA
Dhaniya trading range for the day is 6733-6849.
Dhaniya prices dropped as wholesale buyers and stockists are avoiding purchases due to uncertain business activities.
Higher production projections by Spices Board in 2020-21 are also keeping prices under check.
All India Coriander mandi arrivals stood at 0.17 lakh tonnes, declined by 70% as compared to the same month of the last year.
In Kota spot market in Rajasthan the prices gained 11.25 Rupees to end at 7050 Rupees per 100 kg.
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