Dhaniya trading range for the day is 11939-12467 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8370-8750.
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 8606.1 Rupees dropped -56.4 Rupees.
Jeera
Jeera trading range for the day is 21610-22320.
Jeera dropped as new crop arrivals started coming with moisture content 8% to 10%
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 -115.35 Rupees to end at 21792.45 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 11939-12467.
Dhaniya prices seen supported 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 16.75 Rupees to end at 12100.15 Rupees per 100 kg.
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