Turmeric trading range for the day is 7774-8034 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7774-8034.
Turmeric gained as again demand is seen as an immune booster amid a resurgence in infections that has spurred curbs in some states.
Support also seen on concerns over production prospects in the new season, relatively lower carryover stocks, and better exports prospects.
The arrival so far this year has been 10.15 lakh bags as compared to 11.50 lakh bags in the same period last year
In Nizamabad, a major spot market in AP, the price ended at 7597.05 Rupees dropped -46.7 Rupees.
Jeera
Jeera trading range for the day is 13805-14025.
Jeera prices settled flat 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 -40 Rupees to end at 14000 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 6808-7044.
Dhaniya gained 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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