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Turmeric

Turmeric trading range for the day is 8800-9420.

Turmeric gained due to heavy rainfall, the minimum crop damage has gone to 40% to 50% in producing parts of Maharashtra, Telangana and Andhra.

Support also as the demand from exporters is good.

At the same time, the government estimates that turmeric production may be 1.11 million tonnes in 2020-21, which was 1.15 million tonnes a year ago.

In Nizamabad, a major spot market in AP, the price ended at 8031.25 Rupees gained 119.9 Rupees.

Jeera

Jeera trading range for the day is 15880-16440.

Jeera settled flat as domestic demand is now picking up also the export inquiries to support price.

Cumin exports declined by 1.4% year-on-year to 1.39 lakh tonnes in April-September

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 down by -116.35 Rupees to end at 15913.65 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 8491-8819.

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 gained 11.85 Rupees to end at 8811.25 Rupees per 100 kg.

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