Dhaniya trading range for the day is 10577-11313 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 9704-10276.
Turmeric dropped as the arrival of the new crop has started in the markets of Telangana and Maharashtra.
Turmeric crop was damaged in Maharashtra, Nizamabad in Telangana and Kadapa in Andhra Pradesh due to rains and cyclones.
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 9304.75 Rupees dropped -86.9 Rupees.
Jeera
Jeera trading range for the day is 21040-23110.
Jeera gained as there were reports of decline in sowing area and improving domestic demand.
In 2021-22, the area under cumin in Gujarat is only 3.07 lakh hectares as against 4.69 lakh hectares in the same period last year.
In Rajasthan too, there has been a decline of about 30% in the area.
In Unjha, a key spot market in Gujarat, jeera edged down by -227.8 Rupees to end at 21472.2 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 10577-11313.
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 27 Rupees to end at 10410 Rupees per 100 kg.
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