Turmeric trading range for the day is 7618-8094 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7618-8094.
Turmeric dropped as pressure seen after prices dropped across various APMC yards in the country mainly on account of slack demand.
Turmeric prices are down as there is no demand because traders fear a fresh lockdown due to rise in Covid-19 cases.'
Prices have declined by about ₹1,000 a quintal at various APMCs in Tamil Nadu, Karnataka and Maharashtra.
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 13890-14430.
Jeera dropped as lockdown restrictions increased against rising Covid cases, slowing spot trade interest weakened market sentiments.
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 -40 Rupees to end at 14000 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 6775-7035.
Dhaniya prices settled flat 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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