Turmeric trading range for the day is 8116-8604 - Kedia Advisory
Turmeric
Turmeric trading range for the day is 8116-8604.
Turmeric prices gained as support seen after preliminary data showed for March 2021 showed turmeric exports gained by 5%
Prices also seen supported on export orders to Bangladesh, besides domestic demand and projections of lower production.
Prices have increased in view of the closure of physical markets in Andhra Pradesh, Telangana and Maharashtra for nearly two weeks.
In Nizamabad, a major spot market in AP, the price ended at 7752.8 Rupees gained 72.8 Rupees.
Jeera
Jeera trading range for the day is 13925-14415.
Jeera prices dropped as pressure seen after update in Gujarat and Rajasthan mandis, the arrival of cumin has increased by 65.28%
The total arrival in both the states from February 1 to March 31, 2021 was 136031.18 tonnes
Preliminary data showed for March 2021 showed jeera exports gained by 92% on year on year basis to 37,326 tons
In Unjha, a key spot market in Gujarat, jeera edged down by -93.55 Rupees to end at 14076.45 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 6977-7485.
Dhaniya prices dropped as the arrival of coriander has increased 107.09 per cent from February to 31 March 2021.
During the current marketing year (February-January) 2021-22 in the mandis of Gujarat, Rajasthan and Madhya Pradesh.
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 -40 Rupees to end at 7230 Rupees per 100 kg.
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