Turmeric trading range for the day is 7644-8056 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7644-8056.
Turmeric dropped on profit booking as pressure seen after prices dropped across various APMC yards mainly on account of slack demand.
Turmeric prices are down as there is no demand because traders fear a fresh lockdown could result in stockists’ purchases dropping.
Arrivals are good but there is no demand particularly from stockists.
In Nizamabad, a major spot market in AP, the price ended at 7646.9 Rupees dropped -26.65 Rupees.
Jeera
Jeera trading range for the day is 13675-14045.
Jeera gained on some low level buying after prices remained under pressure as demand seen affected due to the lockdown amid resurgence in corona virus cases
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 6493-6909.
Dhaniya gained as 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 dropped -73.75 Rupees to end at 6934.6 Rupees per 100 kg.
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