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Turmeric

Turmeric trading range for the day is 9202-9446.

Turmeric dropped as pressure seen amid poor demand for old stocks as traders wait for the new season of turmeric.

However, downside seen limited due to heavy rainfall, the minimum crop damage has gone to 40% to 50%.

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 8090.9 Rupees gained 33 Rupees.

Jeera

Jeera trading range for the day is 16100-16670.

Jeera prices remained supported 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 up by 140.9 Rupees to end at 16195.45 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 8684-8900.

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 17.4 Rupees to end at 8848.35 Rupees per 100 kg.

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