Turmeric trading range for the day is 8308-9260 - Kedia Advisory
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Turmeric
* Turmeric trading range for the day is 8308-9260.
* Turmeric dropped as the arrival of turmeric in the Nizamabad yard has doubled.
* Pressure also seen as no demand for shipments at current prices of around ₹9,000 and export prospects of turmeric have been affected.
* The arrival of dry goods in the coming days, the quality will also start to improve.
* In Nizamabad, a major spot market in AP, the price ended at 8058.35 Rupees gained 3.55 Rupees
Jeera
* Jeera trading range for the day is 13895-14145.
* Jeera gained as there is a possibility of a decrease in the production of cumin due to the rise in temperature.
* However upside seen limited as the arrival from the fields has started intensifying
* In Unjha Mandi, 21,000 bags have come in as compared to 12,500 bags in Rajkot whereas 7,500 bags have arrived in Rajkot
* In Unjha, a key spot market in Gujarat, jeera edged down by -40.6 Rupees to end at 13561.1 Rupees per 100 kg.
Dhaniya
* Dhaniya trading range for the day is 6632-7312.
* Dhaniya dropped as pressure seen after 35,800 bags have arrived in major trading centers of Rajasthan.
* The domestic and export sales will grow by over 20% over the previous year as spices will be much in demand.
* From Rajasthan not more than 12 lakh bags of coriander is expected.
* In Kota spot market in Rajasthan the prices gained 2.1 Rupees to end at 7019.45 Rupees per 100 kg.
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