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11-09-2021 12:37 PM | Source: Kedia Advisory
Turmeric trading range for the day is 7482-7698 - Kedia Advisory
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Turmeric

Turmeric trading range for the day is 7482-7698.

Turmeric prices gains following export demand from Europe, Gulf countries and Bangladesh

However upside seen limited amid prospects of better crop this kharif season along with tepid demand

The areas where turmeric has been sown have received adequate rainfall and are expected to produce well in the next season.

In Nizamabad, a major spot market in AP, the price ended at 7200.45 Rupees gained 34.65 Rupees.

 

Jeera

Jeera trading range for the day is 15335-15705.

Jeera gains as domestic festive demand is now picking up also the export inquiries to support price.

However upside seen limited as adequate stock with traders and farmers may keeping prices under pressure at higher levels.

India's cumin exports will increase due to less supply from Afghanistan-Syrian

In Unjha, a key spot market in Gujarat, jeera edged down by -13.35 Rupees to end at 14700 Rupees per 100 kg.

 

Dhaniya

Dhaniya trading range for the day is 7597-8093.

Dhaniya prices dropped as monsoon progress which can support Rabi season crops.

Pressure also seen 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 dropped -141.15 Rupees to end at 7905 Rupees per 100 kg

 

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