Turmeric trading range for the day is 7496-7756 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7496-7756.
Turmeric dropped on profit booking as India is likely to receive above average rainfall in September.
However downside seen limited following export demand from Europe, Gulf countries and Bangladesh.
India is on course to having a normal monsoon, which will recharge the country’s main water reservoirs just enough.
In Nizamabad, a major spot market in AP, the price ended at 7427.8 Rupees dropped -6.2 Rupees.
Jeera
Jeera trading range for the day is 14260-14700.
Jeera dropped on profit booking after prices seen supported due to the forecast of drought in Gujarat-Rajasthan by Skymet.
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 14647.6 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7788-8332.
Dhaniya prices gained due to lack of rain and high prices in the international market and situation of scarcity
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.
Due to increase in freight due to shortage of container-vessels, there is a perception that the price of coriander will increase.
In Kota spot market in Rajasthan the prices gained 120.2 Rupees to end at 8114.3 Rupees per 100 kg.
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