Dhaniya trading range for the day is 10837-11649 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7802-8426.
Turmeric gains as the arrivals of New season turmeric are diminishing and exports demand is improving as season progresses.
As per first advance estimates, the production of turmeric is pegged at 11.76 lakh tonnes in 2021-22 against 11.24 lt in 2020-21.
In FY 2021/22 (Apr-Feb), exports down 20% at 1.37 lakh tons compared to last year but higher by 8.3% compared with 5-year average.
In Nizamabad, a major spot market in AP, the price ended at 8581.7 Rupees gained 58.4 Rupees.
Jeera
Jeera trading range for the day is 20285-21345.
Jeera gained because of lower production of the spice in the country, partly because many farmers shifted to more lucrative commodities.
The low yield in India will affect the global prices as the country is the largest producer of jeera or cumin in the world.
Total cumin output is estimated to have declined about 35% year-on-year to 558 million tonnes in 2022.
In Unjha, a key spot market in Gujarat, jeera edged down by -298.35 Rupees to end at 21119.95 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 10837-11649.
Dhaniya dropped due to increased arrivals from the season crop
Dhaniya exports in Feb 2022 are up 5.5% y/y at 3320 tonnes compared to 3150 tonnes last year
For FY 2021/22 (Apr-Feb) the exports are lower by 13.7% at 44,450 tonnes versus 51.5 thousand tonnes last year.
In Kota spot market in Rajasthan the prices dropped -479.45 Rupees to end at 11488.75 Rupees per 100 kg.
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