Turmeric trading range for the day is 7546-8142 - Kedia Advisory
Turmeric
* Turmeric trading range for the day is 7546-8142.
* Turmeric gained as again demand is seen as an immune booster amid a resurgence in infections that has spurred curbs in some states.
* Support also seen on concerns over production prospects in the new season, relatively lower carryover stocks, and better exports prospects.
* Support seen following the concerns over supply disruptions amid lockdown restrictions imposed, in the backdrop surge in Covid-19 cases.
* In Nizamabad, a major spot market in AP, the price ended at 7600 Rupees dropped -73.55 Rupees.
Jeera
*Jeera trading range for the day is 13655-14475.
* Jeera exports from India has already surpassed the total exports (2.14 lakh tonnes) recorded for the last year (2019-20).
* FISS estimated Jeera production for the crop year 2020-21 to fall by around 11% on account of decline in sown area
* As per the second advance estimates, Govt. of Gujarat, Jeera production is likely to remain around 3.7 lakh tonnes in the crop year 2020-21.
* In Unjha, a key spot market in Gujarat, jeera edged up by 40 Rupees to end at 14040 Rupees per 100 kg.
Dhaniya
* Dhaniya trading range for the day is 6641-7125.
* Dhaniya prices gained as sentiments are much better due to higher export demand and less stock in the pipeline
* However, upside seen limited as mandis across Rajasthan was affected due to the rapidly growing cases of corona virus.
* 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 -1.15 Rupees to end at 6921.6 Rupees per 100 kg.
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