Turmeric trading range for the day is 7808-8384 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7808-8384.
Turmeric prices dropped as the curbs and lockdowns announced to control the second wave of Covid-19 pandemic affected trading.
However downside seen limited on following export demand from Europe, Gulf countries and Bangladesh.
At least 50 per cent of the crop cultivated in the Maharashtra growing regions are estimated to have arrived at the terminal agricultural markets.
In Nizamabad, a major spot market in AP, the price ended at 7684.1 Rupees dropped -38.5 Rupees.
Jeera
Jeera trading range for the day is 13650-13850.
Jeera traded in a range 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 -16.65 Rupees to end at 14000 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 6992-7220.
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 gained 36.85 Rupees to end at 7200 Rupees per 100 kg.
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