Turmeric trading range for the day is 7306-7874 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7306-7874.
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 7317.85 Rupees gained 60.7 Rupees
Jeera
Jeera trading range for the day is 13315-13795.
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 141.55 Rupees to end at 13652.65 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 6767-7103.
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 gained 163.45 Rupees to end at 7010.45 Rupees per 100 kg.
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