Dhaniya trading range for the day is 12038-12426 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8026-8414
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 8575.1 Rupees dropped -31 Rupees.
Jeera
Jeera trading range for the day is 21075-21815.
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 down by -177.55 Rupees to end at 21519.5 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 12038-12426.
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 43.95 Rupees to end at 12116.95 Rupees per 100 kg.
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