Jeera trading range for the day is 15840-16290 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7526-8250.
Turmeric prices gained as incessant rains in the southern parts of the country are expected to damage the crop.
Spices Board pegs Apr-Sep turmeric exports at 77,245 tn, down 26%
Turmeric all India production for 2022 is estimated at 4.89 lakh MT up by 9.64% from last year.
In Nizamabad, a major spot market in AP, the price ended at 7818.75 Rupees gained 202.1 Rupees.
Jeera
Jeera trading range for the day is 15840-16290.
Jeera dropped on profit booking as cumin exports declined by 1.4% year-on-year to 1.39 lakh tonnes in April-September
However downside seen limited as domestic demand is now picking up also the export inquiries to support price.
The area under cumin in Gujarat is only 1.71 lakh hectares as against 3 lakh hectares in the same period last year
In Unjha, a key spot market in Gujarat, jeera edged up by 76.75 Rupees to end at 16222.2 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 8477-8977.
Dhaniya prices gained as the situation of shortage is visible in coriander in the current year
The balance sheet is tight considering the production of 90 lakh bags of coriander and the demand of 1.25 to 1.30 crore bags
Spices Board pegs Apr-Sep coriander exports at 24,459 tn, down 13%
In Kota spot market in Rajasthan the prices dropped -69.3 Rupees to end at 8620 Rupees per 100 kg.
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