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Turmeric

Turmeric trading range for the day is 8098-8494

Turmeric dropped as new season turmeric is arriving in the market and exports are normal this season.

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 8527.05 Rupees dropped -54.65 Rupees.

Jeera

Jeera trading range for the day is 20850-21560.

Jeera dropped as new crop arrivals started coming with moisture content 8% to 10%

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 up by 251.05 Rupees to end at 21371 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 11336-11776.

Dhaniya prices gained on low level buying after prices 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 gained 61.7 Rupees to end at 11550.45 Rupees per 100 kg.

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