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Turmeric

Turmeric trading range for the day is 9580-10600.

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 9244.45 Rupees gained 12.85 Rupees.

Jeera

Jeera trading range for the day is 21400-22500.

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 up by 427.65 Rupees to end at 20984.8 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 10892-11288.

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 31 Rupees to end at 10360 Rupees per 100 kg.

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