Turmeric trading range for the day is 8580-9004 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8580-9004.
Turmeric prices gained due to heavy rainfall, the minimum crop damage has gone to 40% to 50%
Spices Board has set a target of 33 per cent increase in turmeric exports to 183000 tonnes on a year-on-year basis in the financial year 2020-21.
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 7797.5 Rupees dropped -39.4 Rupees.
Jeera
Jeera trading range for the day is 15940-16320.
Jeera dropped as Cumin exports declined by 1.4% year-on-year to 1.39 lakh tonnes in April-September but are expected to improve in the coming months.
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 down by -111.9 Rupees to end at 16066.65 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 8430-8782.
Dhaniya prices gained as the situation of shortage is visible in coriander in the current year.
The balance sheet is tight considering the production of 90 lakh bags of coriander and the demand of 1.25 to 1.30 crore bags
Spices Board pegs Apr-Sep coriander exports at 24,459 tn, down 13%
In Kota spot market in Rajasthan the prices gained 1.65 Rupees to end at 8629.15 Rupees per 100 kg.
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