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Turmeric

Turmeric trading range for the day is 8930-9406.

Turmeric dropped as pressure seen amid poor demand for old stocks as traders wait for the new season of turmeric.

However, downside seen limited due to heavy rainfall, the minimum crop damage has gone to 40% to 50%.

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 8095.45 Rupees gained 4.55 Rupees.

Jeera

Jeera trading range for the day is 15990-16440.

Jeera dropped as Cumin exports declined by 1.4% year-on-year to 1.39 lakh tonnes in April-September.

Further adequate stock with traders and farmers may keeping prices under pressure at higher levels.

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 -24 Rupees to end at 16171.45 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 8329-8997.

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 -41.7 Rupees to end at 8806.65 Rupees per 100 kg.

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