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01-01-1970 12:00 AM | Source: Kedia Advisory
Turmeric trading range for the day is 8562-9086 - Kedia Advisory
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Turmeric

Turmeric trading range for the day is 8562-9086.

Turmeric prices gained due to a lower crop yield and increased demand in the domestic and export market.

The domestic and export sales will grow by over 20% over the previous year as spices will be much in demand especially turmeric for its medicinal properties.

High export demand for turmeric from China, Gulf countries, Malaysia, Singapore, and other European countries have started coming

In Nizamabad, a major spot market in AP, the price ended at 8123.55 Rupees gained 3.55 Rupees.

 

Jeera

Jeera trading range for the day is 14185-15305.

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 14033.35 Rupees per 100 kg.

 

Dhaniya

Dhaniya trading range for the day is 7000-7456.

Dhaniya prices gained as market is focusing on purchases by South Indian mills and exporters

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 7247.5 Rupees per 100 kg.

 

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