Turmeric trading range for the day is 7102-7490 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7102-7490.
Turmeric prices dropped on an “unexpected” slump in domestic and export demand.
Turmeric production in 2023 has been projected at 5.13 Lakh Mt against 4.67 Lakh Mt the previous year
Marathwada region has been serving as a round-the-year supply centre for Turmeric since past couple of years.
In Nizamabad, a major spot market in AP, the price ended at 7257.9 Rupees gained 13.5 Rupees.
Jeera
Jeera trading range for the day is 30730-32590.
Jeera prices gained amid reduced sowing in Gujarat, coupled with a tight supply, and climatic uncertainties.
Projections of lower carryover stock and fears of sowing in key growing regions of Gujarat being affected.
Sowing in Gujarat, dropped by nearly -10% with 275,832.00 hectares against sown area of 2021-22 which was 307,135.00 hectares.
In Unjha, a key spot market in Gujarat, jeera edged down by -47.2 Rupees to end at 31737.25 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7531-8127.
Dhaniya prices dropped as acreage in Gujarat has risen to 2,22,792 ha, up 78% on year
Dhaniya imports during Apr-Nov 2022 has rose by 252.50 percent at 26,654.26 tonnes as compared to Apr-Nov 2021
Dhaniya exports during Apr-Nov 2022 has dropped by 14.66 percent at 28,105.19 tonnes as compared to Apr-Nov 2021
In Kota spot market in Rajasthan the prices dropped -105.35 Rupees to end at 7550.55 Rupees per 100 kg.
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