Turmeric trading range for the day is 7794-8102 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7794-8102.
Turmeric dropped as the areas where turmeric has been sown have received adequate rainfall and are expected to produce well in the next season.
However downside seen limited following export demand from Europe, Gulf countries and Bangladesh.
In the first 6 months of 2021, turmeric exports declined by 3% to 77,300 tonnes compared to the same period last year
In Nizamabad, a major spot market in AP, the price ended at 7383.35 Rupees dropped -90.45 Rupees.
Jeera
Jeera trading range for the day is 14570-15060.
Jeera dropped on profit booking as adequate stock with traders and farmers may keep prices under pressure at higher levels.
India's cumin exports will increase due to less supply from Afghanistan-Syrian
Export of cumin is expected to reach a record level of 2.50 to 2.75 lakh tonnes in the current year
In Unjha, a key spot market in Gujarat, jeera edged down by -198.4 Rupees to end at 14588.25 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7618-8334.
Dhaniya dropped on profit booking AS monsoon progress which can support Rabi season crops.
Pressure seen amid decrease in export and domestic demand due to poor quality of coriander in the current year.
The crop of Russia-Ukraine is normal, whereas in Bulgaria, the crop of coriander has increased from last year and in Syria only 30% of the crop is there.
In Kota spot market in Rajasthan the prices dropped -154.75 Rupees to end at 7870.25 Rupees per 100 kg.
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