Turmeric trading range for the day is 7320-7440 - Kedia Advisory
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TURMERIC
Turmeric trading range for the day is 7320-7440.
Turmeric dropped on profit booking after prices seen supported as turmeric crops were severely damaged due to heavy rains.
Support also seen on following export demand from Europe, Gulf countries and Bangladesh.
Further there is expectation of increase in Turmeric sowings in some areas were the key factors that dented market sentiments.
In Nizamabad, a major spot market in AP, the price ended at 7332.95 Rupees gained 52.95 Rupees.
JEERA
Jeera trading range for the day is 13180-13400.
Jeera prices gained as only 45-50 percent of the total production has come to the market.
However upside seen limited 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 -1.65 Rupees to end at 13641.2 Rupees per 100 kg
DHANIYA
Dhaniya trading range for the day is 6805-6881.
Dhaniya prices gained as arrivals in Rajkot mandi were affected as farmers were busy with sowing
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 27.75 Rupees to end at 7050.65 Rupees per 100 kg.
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