Turmeric trading range for the day is 7614-7930 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7614-7930.
Turmeric dropped as the curbs and lockdowns announced to control the second wave of Covid-19 pandemic affected trading.
However downside seen limited on following export demand from Europe, Gulf countries and Bangladesh.
At least 50 per cent of the crop cultivated in the Maharashtra growing regions are estimated to have arrived at the terminal agricultural markets.
In Nizamabad, a major spot market in AP, the price ended at 7545.65 Rupees dropped -10.85 Rupees.
Jeera
Jeera trading range for the day is 13630-13870.
Jeera prices dropped as lockdown restrictions increased against rising Covid cases.
As India struggles against curbing the Corona pandemic, exports markets have turned subdued.
The importers prefer to wait for the situation to normalize before negotiating for fresh deals.
In Unjha, a key spot market in Gujarat, jeera edged down by -11.1 Rupees to end at 13900 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 6577-6893.
Dhaniya dropped as mandis across Rajasthan was affected due to the rapidly growing cases of corona virus.
However, downside seen limited as 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 -36.9 Rupees to end at 6938.1 Rupees per 100 kg.
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