Dhaniya trading range for the day is 12132-13012 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 9276-9696.
Turmeric dropped as new season turmeric is arriving in the market and exports are normal this season.
Pressure also seen due to tensions between Ukraine and Russia which may disrupt shipments of spices to Europe and other destinations
Turmeric crop was damaged in Maharashtra, Nizamabad in Telangana and Kadapa in Andhra Pradesh due to rains and cyclones
In Nizamabad, a major spot market in AP, the price ended at 9135.7 Rupees dropped -25.4 Rupees.
Jeera
Jeera trading range for the day is 22050-23070.
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 -65.3 Rupees to end at 22162.5 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 12132-13012.
Dhaniya prices gained on lower-than-normal acreage and fears of production shortfall due to cold wave in North India
The export of coriander declined by 15% to 3,590 tonnes in January 2022 as compared to 4,630 tonnes in December 2021.
Coriander sowing is completed and sowing area is reported down by 10 – 15% compared to last year.
In Kota spot market in Rajasthan the prices gained 27 Rupees to end at 12383 Rupees per 100 kg.
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