Turmeric trading range for the day is 7308-7608 - Kedia Advisory
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TURMERIC
Turmeric trading range for the day is 7308-7608.
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 7338.1 Rupees gained 15.35 Rupees.
JEERA
Jeera trading range for the day is 13115-13745.
Jeera dropped amid excess supply and as demand is likely to remain subdued on weak buying from local and overseas markets.
However only 45-50 percent of the total production has come to the market.
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 down by -57.15 Rupees to end at 13700 Rupees per 100 kg.
DHANIYA
Dhaniya trading range for the day is 6818-7030. Tuesday, July 27, 2021 www.kediaadvisory.com Page No. 4
Dhaniya settled positive as arrivals in Rajkot mandi were affected as farmers were busy with sowing
However subdued demand from domestic as well as international buyers dented market sentiments.
Buyers from the south are refraining from buying from the mandis of Rajasthan, Gujarat and Madhya Pradesh.
In Kota spot market in Rajasthan the prices gained 60 Rupees to end at 7060 Rupees per 100 kg.
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