Turmeric trading range for the day is 7438-7926 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7438-7926.
Turmeric dropped on profit booking as pressure seen after prices dropped across various APMC yards in the country mainly on account of slack demand.
Turmeric prices are down as there is no demand because traders fear a fresh lockdown due to rise in Covid-19 cases could result in stockists’ purchases dropping.
Prices have declined by about ₹1,000 a quintal at various APMCs in Tamil Nadu, Karnataka and Maharashtra.
In Nizamabad, a major spot market in AP, the price ended at 7646.9 Rupees dropped -26.65 Rupees.
Jeera
Jeera trading range for the day is 13755-14065.
Jeera settled flat as lockdown restrictions increased against rising Covid cases, slowing spot trade interest weakened market sentiments
As India struggles against curbing the Corona pandemic, exports markets have turned subdued.
The new season arrivals shall continue with good numbers hence there will be ample availability in the market.
In Unjha, a key spot market in Gujarat, jeera edged down by -21.9 Rupees to end at 14054.55 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 6604-6772.
Dhaniya dropped as demand in weak amid rising Corana cases and the arrival of coriander has increased 107.09 per cent from February
However, sentiments are much better due to higher export demand and less stock in the pipeline
According to FISS the production of coriander from the country this year will increase by 2.3% compared to last year.
In Kota spot market in Rajasthan the prices dropped -34.6 Rupees to end at 6900 Rupees per 100 kg.
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