Turmeric trading range for the day is 9934-11294. - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 9934-11294.
Turmeric gained on good domestic and export demand, besides fears of heavy rains having affected the new crop due next month.
The sentiment improved on reports of damage to the crop in Telangana and Andhra Pradesh.
However upside seen limited as pressure seen on profit booking amid poor demand for old stocks as traders wait for the new season of turmeric.
In Nizamabad, a major spot market in AP, the price ended at 9300 Rupees gained 102.5 Rupees.
Jeera
Jeera trading range for the day is 16720-17240.
Jeera prices gains on rain and hailstorm forecast in spices growing states of Rajasthan, Gujarat and Madhya Pradesh.
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 but are expected to improve in the coming months.
In Unjha, a key spot market in Gujarat, jeera edged up by 89.7 Rupees to end at 16689.7 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 8977-9617.
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 185 Rupees to end at 9250 Rupees per 100 kg.
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