Turmeric trading range for the day is 8538-9162 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Turmeric
Turmeric trading range for the day is 8538-9162.
Turmeric gained due to heavy rainfall, the minimum crop damage has gone to 40% to 50% in producing parts of Maharashtra, Telangana and Andhra.
Support also as the demand from exporters is good.
At the same time, the government estimates that turmeric production may be 1.11 million tonnes in 2020-21, which was 1.15 million tonnes a year ago.
In Nizamabad, a major spot market in AP, the price ended at 7911.35 Rupees gained 11.35 Rupees.
Jeera
Jeera trading range for the day is 16055-16365.
Jeera dropped as Cumin exports declined by 1.4% year-on-year to 1.39 lakh tonnes in April-September
However downside seen limited as domestic demand is now picking up also the export inquiries to support price.
The area under cumin in Gujarat is only 1.71 lakh hectares as against 3 lakh hectares in the same period last year
In Unjha, a key spot market in Gujarat, jeera edged up by 121.65 Rupees to end at 16030 Rupees per 100 kg
Dhaniya
Dhaniya trading range for the day is 8460-8760.
Dhaniya prices dropped as monsoon progress which can support Rabi season crops.
Pressure also seen amid decrease in export and domestic demand due to poor quality of coriander in the current year.
Spices Board pegs Apr-Sep coriander exports at 24,459 tn, down 13%
In Kota spot market in Rajasthan the prices gained 19.4 Rupees to end at 8799.4 Rupees per 100 kg.
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
