Dhaniya trading range for the day is 8794-9358 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7790-8066.
Turmeric gained on low level buying after prices dropped on an “unexpected” slump in domestic and export demand.
Turmeric production in the 2021-22 crop year (June-July) has been projected at 13.31 lakh tonnes against 11.24 lakh tonnes 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 7368 Rupees gained 32.85 Rupees.
Jeera
Jeera trading range for the day is 36030-38020.
Jeera prices rose above 34000 level 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 -8% with 274,995.00 hectares against sown area of 2021 which was 300,401.00 hectares.
In Unjha, a key spot market in Gujarat, jeera edged up by 1758.85 Rupees to end at 35141.45 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 8794-9358.
Dhaniya gained on low level buying after seen pressured as in Gujarat sowing gained by 74% to 221,836.00 hectares
Coriander imports has increased during the current year as compared to past three years
Dhaniya exports during Apr- Oct 2022 has dropped by 14.09 percent at 24,790.62 tonnes as compared to Apr- Oct 2021.
In Kota spot market in Rajasthan the prices gained 250.85 Rupees to end at 8585.55 Rupees per 100 kg.
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