Dhaniya trading range for the day is 11341-11769 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8070-8598.
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 8496.3 Rupees gained 66.1 Rupees.
Jeera
Jeera trading range for the day is 20805-21485.
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 up by 158.75 Rupees to end at 21416.95 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 11341-11769.
Dhaniya gained as steady exports and lower crop estimates have supported the markets.
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 85.35 Rupees to end at 11543 Rupees per 100 kg.
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