Dhaniya trading range for the day is 7618-8010. - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7194-7406.
Turmeric dropped on profit booking after gains on reports that production is projected lower by 5 per cent in Telangana and 20 per cent in Karnataka.
The country’s production is estimated at 13.14 lt against 13.29 lt with heavy rains waterlogging the fields and affecting the output.
The area under cultivation is lower in most parts of the country, barring Maharashtra.
In Nizamabad, a major spot market in AP, the price ended at 7216.45 Rupees dropped -38.8 Rupees.
Jeera
Jeera trading range for the day is 31800-33680.
Jeera gained amid reduced sowing in Gujarat, coupled with a tight supply, and climatic uncertainties.
Projections of lower carryover stock and fears of sowing in key growing regions of Gujarat being affected.
Sowing in Gujarat, dropped by nearly -10% with 275,832.00 hectares against sown area of 2021-22 which was 307,135.00 hectares.
In Unjha, a key spot market in Gujarat, jeera edged up by 332.6 Rupees to end at 32199.95 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7618-8010.
Dhaniya dropped on profit booking after prices gained as due to continuous rain in major growing regions (MP and Rajasthan)
Dhaniya imports during Apr-Nov 2022 has rose by 252.50 percent at 26,654.26 tonnes as compared to Apr-Nov 2021
Dhaniya exports during Apr-Nov 2022 has dropped by 14.66 percent at 28,105.19 tonnes as compared to Apr-Nov 2021
In Kota spot market in Rajasthan the prices dropped -55.5 Rupees to end at 7558.95 Rupees per 100 kg.
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