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Turmeric

Turmeric trading range for the day is 8718-9286.

Turmeric gained as turmeric crop was damaged in Maharashtra, Nizamabad in Telangana and Kadapa in Andhra Pradesh due to rains and cyclones.

The arrival of the new crop has started in the markets of Telangana and Maharashtra

In the first 7 months (April-October) of the financial year 2021-22, exports declined by 23% to 89,850 tonnes over the previous year.

In Nizamabad, a major spot market in AP, the price ended at 9036.1 Rupees gained 33.3 Rupees.

Jeera

Jeera trading range for the day is 20460-21800.

Jeera gained as area under jeera has decreased by about 30% in Rajasthan this year, to 5.39 lakh hectares (lh) from 7.7 lh last year

However upside seen limited due to tensions between Ukraine and Russia which may disrupt shipments of spices to Europe and other destinations.

In Gujarat, the area has decreased to 3.40 lh from 4.70 lh last year.

In Unjha, a key spot market in Gujarat, jeera edged up by 533.35 Rupees to end at 20827.8 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 10548-11168.

Dhaniya prices gained on lower-than-normal acreage and fears of production shortfall due to cold wave in North India.

Coriander sowing is completed and sowing area is reported down by 10 – 15% compared to last year.

Exports during the April-December period declined by 13% to 37,500 tonnes from 43,100 tonnes last year, but 11% higher than the 5-year average.

In Kota spot market in Rajasthan the prices gained 188 Rupees to end at 10433 Rupees per 100 kg.

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