Turmeric trading range for the day is 7848-8884 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7848-8884.
Turmeric prices dropped on profit booking as India is on course to having a normal monsoon.
Pressure also seen as the lockdown restrictions were eased the key Turmeric growing states reported noticeable increase in mandi arrivals
However downside seen limited as support seen on following export demand from Europe, Gulf countries and Bangladesh.
In Nizamabad, a major spot market in AP, the price ended at 7661.9 Rupees dropped -10.6 Rupees.
Jeera
Jeera trading range for the day is 14660-15650.
Jeera dropped on profit booking after prices rose amid fears of a deficient monsoon and as a geo-political crisis in Afghanistan halted spices supply
Cumin seed production was pegged at 8.56 lakh tonnes during 2020-21, lower than the previous year’s 9.12 lakh tonnes.
The area had declined marginally during 2020-21 to 12.41 lakh hectares (lh) compared with the previous year’s 12.76 lh.
In Unjha, a key spot market in Gujarat, jeera edged down by -171.8 Rupees to end at 14917.65 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7897-8697.
Dhaniya prices dropped as wholesale buyers and stockists are avoiding purchases due to uncertain business activities.
Higher production projections by Spices Board in 2020-21 are also keeping prices under check.
All India Coriander mandi arrivals stood at 0.17 lakh tonnes, declined by 70% as compared to the same month of the last year.
In Kota spot market in Rajasthan the prices dropped -154.15 Rupees to end at 7968.75 Rupees per 100 kg.
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