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Turmeric futures (Dec) is expected to trade sideways in the range of 6350-6500 levels. The price of the spot turmeric was decreased on Thursday. Regarding the price of the turmeric, the finger turmeric was decreased by Rs.450 a quintal at the Regulated Marketing Committee and Rs.400 a quintal at the Erode Cooperative Marketing Society. The price of the root variety was decreased by Rs.100 a quintal in all the markets. On average the sale was also decreased to fifty per cent as against 70 per cent sold in the previous day sale. Jeera futures (Dec) is likely to witness a consolidation in the range of 18600-18900 levels & trade with a downside bias. Spot jeera prices quoted weak at major markets in Gujarat and Rajasthan due to sluggish demand. The prices moved lower in Gujarat & Rajasthan. As per source, stockists are not active at higher levels. The same situation is likely to continue till the end of this week. Coriander futures (Dec) may continue to hold the uptrend taking support near 6200 levels. It is not only deficient rainfall but also subdued prices through last season, because of the large imports, that has forced some farmers to hold back from sowing coriander. In Gujarat, the second largest producer of the spice, farmers have sown coriander over 2,200 ha so far, down 90.3% from the previous year, according to the state agriculture department.
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