Dhaniya trading range for the day is 11858-12838 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Turmeric
Turmeric trading range for the day is 8772-9248.
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 8932.35 Rupees gained 67.65 Rupees.
Jeera
Jeera trading range for the day is 21890-23080.
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 up by 228.55 Rupees to end at 22100 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 11858-12838
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 gained 191.05 Rupees to end at 12234.05 Rupees per 100 kg
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
