Dhaniya trading range for the day is 9903-11599 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8938-10026.
Turmeric dropped as the arrival of the new crop has started in the markets of Telangana and Maharashtra.
Turmeric crop was damaged in Maharashtra, Nizamabad in Telangana and Kadapa in Andhra Pradesh due to rains and cyclones.
In the first 7 months (April-October) of the financial year 2021-22, exports declined by 23% to 89,850 tonnes over the previous year.
In Nizamabad, a major spot market in AP, the price ended at 9170.6 Rupees dropped -131.9 Rupees.
Jeera
Jeera trading range for the day is 19890-22290.
Jeera dropped as export demand will still under pressure due to tariff cost and ahead of arrival despite the news that China export started again.
In 2021-22, the area under cumin in Gujarat is only 3.07 lakh hectares as against 4.69 lakh hectares in the same period last year.
In Rajasthan too, there has been a decline of about 30% in the area.
In Unjha, a key spot market in Gujarat, jeera edged down by -457.9 Rupees to end at 21221.05 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 9903-11599.
Dhaniya dropped on profit booking after prices gained on lower-than-normal acreage and fears of production shortfall due to cold wave in North India
Coriander sowing is completed and sowing area is reported down by 10 – 15% compared to last year.
Exports during the April-December period declined by 13% to 37,500 tonnes from 43,100 tonnes last year, but 11% higher than the 5-year average.
In Kota spot market in Rajasthan the prices gained 25 Rupees to end at 10525 Rupees per 100 kg.
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