Turmeric trading range for the day is 8674-9130 - Kedia Advisory
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Turmeric
* Turmeric trading range for the day is 8674-9130.
* Turmeric prices rallied amid high domestic and export demand, coupled with fears of lower output
* Apart from the quality of new goods being lighter, the percentage of moisture is also coming higher.
* 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 7909.1 Rupees gained 3.55 Rupees.
Jeera
* Jeera trading range for the day is 13400-13920.
* Jeera prices gained due to high export demand and sowing in Gujarat has gone down to 4.69 lakh hectares
* Jeera production for 2021-22 is estimated at 391,291 MT compared to last year’s 451,451 MT
* The Unjha market is receiving nearly 1,000 bags per day from north Gujarat, Saurashtra, and parts of Rajasthan.
* In Unjha, a key spot market in Gujarat, jeera edged down by -40.6 Rupees to end at 13300 Rupees per 100 kg.
Dhaniya
* Dhaniya trading range for the day is 7097-7593.
* Dhaniya dropped on profit booking after prices gained due to lower production and higher export demand with no * much carry-over stock.
* Due to low yield in Gujarat, production will not exceed 40 lakh bags.
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 7158.35 Rupees per 100 kg.
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