Turmeric trading range for the day is 7566-7870 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7566-7870.
Turmeric prices gained as support seen after preliminary data showed turmeric exports gained by 5%
Prices also seen supported on export orders to Bangladesh, besides domestic demand and projections of lower production.
Prices have increased in view of the closure of physical markets in Andhra Pradesh, Telangana and Maharashtra for nearly two weeks.
In Nizamabad, a major spot market in AP, the price ended at 7600 Rupees dropped -46.9 Rupees.
Jeera
Jeera trading range for the day is 13810-14160.
Jeera prices gained on short covering tracking gains in other agri commodities after prices remained under pressure as there is pressure on the supply of new crops
In Gujarat and Rajasthan mandis, the arrival of cumin has increased by 65.28% during the current marketing year
Preliminary data showed for March 2021 showed jeera exports gained by 92% on year on year basis to 37,326 tons
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 6650-6762.
Dhaniya gained sentiments are much better due to higher export demand and less stock in the pipeline
However, the arrival of coriander has increased 107.09 per cent from February
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 gained 22.75 Rupees to end at 6922.75 Rupees per 100 kg.
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