Turmeric trading range for the day is 7360-7612 - Kedia Advisory
Turmeric
Turmeric trading range for the day is 7360-7612.
Turmeric prices dropped amid prospects of better crop this kharif season along with tepid demand
Pressure seen as the areas where turmeric has been sown have received adequate rainfall and are expected to produce well in the next season.
However downside seen limited following export demand from Europe, Gulf countries and Bangladesh
In Nizamabad, a major spot market in AP, the price ended at 7248.8 Rupees dropped -6.2 Rupees.
Jeera
Jeera trading range for the day is 14610-15060.
Jeera gained as the export of cumin is increasing continuously and in the coming days there are signs of increasing the export of cumin
India's cumin exports will increase due to less supply from Afghanistan-Syrian
Export of cumin is expected to reach a record level of 2.50 to 2.75 lakh tonnes in the current year
In Unjha, a key spot market in Gujarat, jeera edged up by 52.6 Rupees to end at 14575 Rupees per 100 kg
Dhaniya
Dhaniya trading range for the day is 7701-8165.
Dhaniya gained on short covering after prices dropped as monsoon progress which can support Rabi season crops.
Further upside seen limited amid decrease in export and domestic demand due to poor quality of coriander in the current year
The crop of Russia-Ukraine is normal, whereas in Bulgaria, the crop of coriander has increased from last year and in Syria only 30% of the crop is there.
In Kota spot market in Rajasthan the prices gained 120.2 Rupees to end at 7990.65 Rupees per 100 kg
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