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Published on 28/09/2022 12:53:45 PM | Source: Kedia Advisory

Jeera trading range for the day is 24535-25205 - Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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Turmeric

Turmeric trading range for the day is 6758-6918.

Turmeric gained on low level buying after prices seen pressured as sowing activities has almost completed and Crop size is expected to be on par.

In the ongoing season, no major quality concerns were observed in the crop arrived in the Marathwada region.

In the month of July 2022 around 12,810.36 tonnes turmeric was exported as against 18,532.00 tonnes in June 2022 showing a drop of 30.87%.

In Nizamabad, a major spot market in AP, the price ended at 7207.15 Rupees dropped -64.95 Rupees.

Jeera

Jeera trading range for the day is 24535-25205.

Jeera prices rose as supply was observed to be less as farmers and stockists were holding stocks

Mandi arrivals of Jeera, at all-India level decreased by 10% as compared with previous month

All-India Jeera production is expected to fall in the Marketing year 2022-23 by around 33% to 3 lakh tonnes on y-o-y basis due to lower sowings.

In Unjha, a key spot market in Gujarat, jeera edged up by 161.25 Rupees to end at 24690.9 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 10635-11087.

Dhaniya gained as steady exports and lower crop estimates have supported the markets.

Imports from Russia, Syria and other global counties has picked up that will keep supply adequate.

Stockiest are releasing their stocks in fear of further fall in prices in wake of ease in supply from black sea.

In Kota spot market in Rajasthan the prices dropped -88.3 Rupees to end at 10749 Rupees per 100 kg.

 

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