Dhaniya trading range for the day is 11573-12333 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8572-9044.
Turmeric gained as the arrival of new season itself is decreasing in the market and exports are expected to survive as the 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 8864.7 Rupees dropped -23.55 Rupees.
Jeera
Jeera trading range for the day is 21560-22460.
Jeera gained as there were reports of decline in sowing area and improving domestic demand.
The export of cumin in April-January declined by 23% year-on-year to 1.88 lakh tonnes as compared to 2.44 lakh tonnes in the previous year
There were reports of decline in sowing area and improving domestic demand
In Unjha, a key spot market in Gujarat, jeera edged down by -84.1 Rupees to end at 21871.45 Rupees per 100 kg
Dhaniya
Dhaniya trading range for the day is 11573-12333.
Dhaniya prices 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 dropped -150 Rupees to end at 12043 Rupees per 100 kg.
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