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Turmeric futures (Dec) is expected to take support near 6650 levels. The spot price of turmeric increased. The traders quoting increased price purchased for their local demands. Finger turmeric was increased by Rs.350 a quintal at the Regulated Marketing Committee and Rs.250 a quintal at Erode Turmeric Merchants Association Sales Yard. Similarly the root variety was increased in the same two markets by Rs.400 and Rs.100. Jeera futures (Dec) is expected to witness correction towards 20400-
20300, facing resistance near 20845 levels. With the end of the festive season, uptrend is unlikely to continue in the coming days.Demand may weaken at domestic level ahead. Spot jeera prices ruled lower by Rs.20-25 per 20kg at the key Unjha market. While, prices rose by Rs.10-15 at the Gondal and Rajkot markets in Gujarat on lower arrivals. On the other hand, the spice quoted unchanged in Rajasthan. Coriander futures (Dec) is expected to maintain its uptrend taking support near 6335 levels. Spot coriander prices continued to remain higher at major markets in the country on Tuesday with increasing demand. Coriander in Rajasthan and Madhya Pradesh gained by Rs.100-200 per quintal and by Rs.10-20 per 20 kg at major markets in Gujarat. Meanwhile, farmers are mostly restraining themselves from sowing due to deficient monsoon. Sowing is lagging behind by 40-50
percent in Gujarat. While, it has not yet started on a large scale in Madhya Pradesh and Rajasthan but sources are estimating a cut in production in these two states also.
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