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Published on 13/09/2022 1:52:29 PM | Source: Kedia Advisory

Jeera trading range for the day is 24590-25770 - Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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Turmeric

Turmeric trading range for the day is 6966-7162.

Turmeric dropped amid profit booking on report of better sowing.

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 7278.5 Rupees dropped -94.05 Rupees.

Jeera

Jeera trading range for the day is 24590-25770

Jeera prices seen supported 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 down by -2.75 Rupees to end at 24564.7 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 10517-11557.

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

Current crop production in major coriander growing states of Madhya Pradesh, Rajasthan and Gujarat is estimated lower as compared to last year.

Coriander production is also likely to decline in Syria, Bulgaria, Romania, Ukraine and Russia this year.

In Kota spot market in Rajasthan the prices gained 5.4 Rupees to end at 11283.4 Rupees per 100 kg.

 

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