Turmeric trading range for the day is 8220-8712 - Kedia Advisory
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Turmeric
* Turmeric trading range for the day is 8220-8712
* Turmeric dropped as demand declined at higher levels and arrivals increased in Nizamabad and Erode.
* Pressure also seen as no demand for shipments at current prices of around ₹9,000 and export prospects of turmeric have been affected
* Prices seen pressure as sentiments again drown down after the Central government clarified that a turmeric board would not be set up in Nizamabad
* In Nizamabad, a major spot market in AP, the price ended at 7726.45 Rupees gained 131.7 Rupees
Jeera
* Jeera trading range for the day is 14630-14790.
* Jeera dropped as mandi arrivals of Jeera, at all-India level increased by around 48% during the month over the previous month.
* New season crop arrivals are reported in Gujarat and Rajasthan, seems to have led to higher mandi arrivals.
* However, new season crop is reported to have higher moisture level
* In Unjha, a key spot market in Gujarat, jeera edged up by 75.45 Rupees to end at 14316.65 Rupees per 100 kg.
Dhaniya
* Dhaniya trading range for the day is 6977-7237.
* Dhaniya prices dropped amid an improvement in weather conditions, with more arrivals in mandis.
* However downside seen limited as exporters were active in the mandis of Ramganj and Kota for more purchases made for the Gulf countries.
* Fresh restriction in Maharashtra has impacted coriander supply which has ultimately supported the price of coriander.
* In Kota spot market in Rajasthan the prices dropped -6.9 Rupees to end at 7176.45 Rupees per 100 kg
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