Turmeric trading range for the day is 7668-8568 - Kedia Advisory
Turmeric
* Turmeric trading range for the day is 7668-8568.
* Turmeric prices gained as high domestic demand, coupled with fears of lower output, have fuelled turmeric prices.
* Prices also remained supported amid crop quality concerns and sharp surge in demand.
* Due to climatic adversities and poor quality, turmeric growers are looking at lower yields.
* In Nizamabad, a major spot market in AP, the price ended at 7594.75 Rupees dropped -28.1 Rupees.
Jeera
* Jeera trading range for the day is 14625-14965.
* Jeera ended with losses due to rise in arrivals seen in the market ahead of Holi and financial closure, as mandis will remained closed in Gujarat and Rajasthan
* The supply of cumin in the current year will be good for the entire year due to carry forward 17 to 20 lakh bags
* In the Merta Mandi of Rajasthan, there was an arrival of 20 thousand sacks in a single day as arrival is accelerated due to heat.
* In Unjha, a key spot market in Gujarat, jeera edged up by 75.45 Rupees to end at 14316.65 Rupees per 100 kg.
Dhaniya
* Dhaniya trading range for the day is 6849-7369.
* Dhaniya prices gained as exporters were active in the mandis of Ramganj and Kota for more purchases made for the Gulf countries.
* However upside seen limited amid an improvement in weather conditions, with more arrivals in mandis.
* As per estimates, the final production estimate of Coriander seed for marketing year (MY) 2020-21 is coming between 2.6-2.8 lakh metric tonne
* In Kota spot market in Rajasthan the prices dropped -65.15 Rupees to end at 7142.2 Rupees per 100 kg.
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