Turmeric trading range for the day is 8920-9112 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8920-9112.
Turmeric dropped as pressure seen amid poor demand for old stocks as traders wait for the new season of turmeric.
However downside seen limited 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 8079.65 Rupees gained 13.75 Rupees.
Jeera
Jeera trading range for the day is 16105-16295.
Jeera gained as domestic demand is now picking up also the export inquiries to support price.
However upside seen limited as better arrivals are expected in the spot market as the cumin production area in Gujarat is increasing rapidly.
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 -9.85 Rupees to end at 16081.8 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 8377-8733.
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 6.4 Rupees to end at 8734.2 Rupees per 100 kg.
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