Turmeric trading range for the day is 8862-9222 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8862-9222.
Turmeric prices ended with gains amid lower stocks, reports of disease hitting yield in Karnataka
The sentiment improved on reports of damage to the crop in Telangana and Andhra Pradesh. The ending stocks are expected to be 17-18 lakh bags (50 kg each) this year against 25 lakh bags last year.
In Nizamabad, a major spot market in AP, the price ended at 8065.9 Rupees dropped -24.6 Rupees.
Jeera
Jeera trading range for the day is 16050-16300.
Jeera prices dropped as better arrivals are expected in the spot market as the cumin production area in Gujarat is increasing rapidly.
Further adequate stock with traders and farmers may keeping prices under pressure at higher levels. Cumin exports declined by 1.4% year-on-year to 1.39 lakh tonnes in April-September.
In Unjha, a key spot market in Gujarat, jeera edged down by -19.45 Rupees to end at 16091.65 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 8463-8651.
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 dropped -22.2 Rupees to end at 8727.8 Rupees per 100 kg.
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