Turmeric trading range for the day is 7374-8030 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7374-8030.
Turmeric dropped amid comfortable supplies of Turmeric with pick-up in mandi arrivals along with sufficient availability of stocks with traders.
Further there is expectation of increase in Turmeric sowings in some areas were the key factors that dented market sentiments
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 7428.4 Rupees gained 43.15 Rupees.
Jeera
Jeera trading range for the day is 13500-13890.
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 up by 15.8 Rupees to end at 13689.5 Rupees per 100 kg
Dhaniya
Dhaniya trading range for the day is 7061-7737.
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 dropped -34.05 Rupees to end at 7279.75 Rupees per 100 kg.
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