Dhaniya trading range for the day is 8177-8473 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7898-8278.
Turmeric prices dropped on an “unexpected” slump in domestic and export demand.
Turmeric production in 2023 has been projected at 5.13 Lakh Mt against 4.67 Lakh Mt the previous year
Marathwada region has been serving as a round-the-year supply centre for Turmeric since past couple of years.
In Nizamabad, a major spot market in AP, the price ended at 7428.75 Rupees gained 31.9 Rupees.
Jeera
Jeera trading range for the day is 34080-35870.
Jeera dropped on profit booking after prices 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 275,830.00 hectares against sown area of 2021 which was 307,135.00 hectares.
In Unjha, a key spot market in Gujarat, jeera edged up by 6.3 Rupees to end at 34627 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 8177-8473.
Dhaniya dropped as prices seen pressured as in Gujarat sowing gained by 77% to 222,180.00 hectares
Dhaniya imports during Apr-Nov 2022 has rose by 252.50 percent at 26,654.26 tonnes as compared to 7 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 gained 53.3 Rupees to end at 8015.05 Rupees per 100 kg.
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