Dhaniya trading range for the day is 11093-11677. - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7852-8256.
Turmeric dropped due to lower demand and sufficient supplies in the physical market.
The arrivals have decreased in the physical market due to lower prices and lack of aggressive buying by bulk traders.
Turmeric exports in Feb 2022 were lower by 17% y/y at 10400 tonnes vs 12,575 tonnes
In Nizamabad, a major spot market in AP, the price ended at 8319.2 Rupees dropped -48.6 Rupees.
Jeera
Jeera trading range for the day is 21195-22255.
Jeera dropped as jeera exports in Feb 2022 down by 23.6% Y/Y at 14000 tonnes
The selling of cumin by the farmers increases after the onset of monsoon.
The production of cumin in Rajasthan is estimated to be 30 to 32 lakh bags.
In Unjha, a key spot market in Gujarat, jeera edged down by -240.4 Rupees to end at 21701.7 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 11093-11677.
Dhaniya dropped due to slowdown in demand as the processors and traders are buying as per their requirements.
As per govt data, coriander exports in Feb 2022 up 5.5% y/y at 3320 tonnes compared to 3150 tonnes last year
For FY 2021/22 (Apr-Feb) export volume is down by 13.7% at 44,450 tonnes Vs 51,500 tonnes last year but 11% higher compared to 5-year average.
In Kota spot market in Rajasthan the prices dropped -133.4 Rupees to end at 11350.35 Rupees per 100 kg.
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