Turmeric trading range for the day is 9642-10390 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 9642-10390.
Turmeric gained crop was damaged in Maharashtra, Nizamabad in Telangana and Kadapa in Andhra Pradesh due to rains and cyclones.
The arrival of the new crop has started in the markets of Telangana and Maharashtra.
The arrival of the new crop has started in the markets of Telangana and Maharashtra.
In Nizamabad, a major spot market in AP, the price ended at 9461.9 Rupees gained 140.45 Rupees.
Jeera
Jeera trading range for the day is 19770-21500.
Jeera gained after the news that China export started again while export demand will still under pressure due to tariff cost
The export of cumin seeds declined by 20% year-on-year to 1.61 lakh tonnes in April-November, from 2.02 lakh tonnes in the previous year.
The production in Syria had fallen by roughly 25-30 percent in 2021, versus the previous year because of political instability.
In Unjha, a key spot market in Gujarat, jeera edged up by 36.1 Rupees to end at 19761.1 Rupees per 100 kg
Dhaniya
Dhaniya trading range for the day is 10325-11001.
Dhaniya prices gained in recent sessions as the situation of shortage is visible in coriander in the current year.
Coriander sowing is completed and sowing area is reported down by 10 – 15% compared to last year.
India’s cumulative exports for the period from April to October 2021 have stood at 0.29 lakh tonnes, less by 13%.
In Kota spot market in Rajasthan the prices gained 41 Rupees to end at 9808 Rupees per 100 kg
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