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Turmeric

Turmeric trading range for the day is 7930-8098.

Turmeric dropped amid reports of sufficient stocks and good sowing progress in south India.

As per latest export figures, turmeric exports in Mar 2022 jumped higher 27.4% y/y at 15,750 tonnes vs 12,360 tonnes

For the period of Jan-Mar 2022, exports are only down by 1.15% y/y at 36,750 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 8204.45 Rupees gained 10.5 Rupees.

Jeera

Jeera trading range for the day is 21035-21515.

Jeera dropped as Cumin exports dropped by 60.58% in March 2022 to around 13406.43 tonnes as against 33203.08 tonnes in March 2021.

In Rajasthan, the new crop of cumin in the current year has come only 60% i.e. around 30 lakh bags as compared to last year.

Export demand for cumin seeds is expected to increase for the rest of the season due to reports of very low harvests in Turkey, Syria and Afghanistan.

In Unjha, a key spot market in Gujarat, jeera edged down by -89.7 Rupees to end at 21405.05 Rupees per 100 kg.

Dhaniya 

Dhaniya trading range for the day is 11153-11525.

Dhaniya dropped due to slowdown in demand as the processors and traders are buying as per their requirements.

17 to 18 lakh sacks of coriander are yet to arrive, out of which 9 months of the season are yet to come

At present, 7 to 8 thousand bags are coming daily in the mandis of Gujarat, against an average of 10 to 12 thousand bags of daily trade.

In Kota spot market in Rajasthan the prices dropped -56 Rupees to end at 11366.25 Rupees per 100 kg.

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