Jeera trading range for the day is 20680-21780 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8048-8216.
Turmeric dropped amid reports of sufficient stocks and good sowing progress in south India is pressurizing the prices.
As per latest export figures, turmeric exports in Mar 2022 jumped higher 27.4% y/y at 15,750 tonnes vs 12,360 tonnes
For the period of Jan-Mar 2022, exports are only down by 1.15% y/y at 36,750 tonnes.
In Nizamabad, a major spot market in AP, the price ended at 8259.55 Rupees gained 55.85 Rupees.
Jeera
Jeera trading range for the day is 20680-21780.
Jeera gained because of lower production of the spice in the country, partly because many farmers shifted to more lucrative commodities.
Currently, steady demand can be seen from Bangladesh and other Islamic countries. And due to Bakri-Eid in July further increase in demand is expected.
Cumin exports dropped by 60.58% in March 2022 as compared to March 2021
In Unjha, a key spot market in Gujarat, jeera edged down by -42.6 Rupees to end at 21344.3 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 11263-11499.
Dhaniya prices dropped as coriander exports dropped by 34.78% in March 2022 to around 3076.23 tonnes as against 4717.10 tonnes in March 2021.
17 to 18 lakh sacks of coriander are yet to arrive, out of which 9 months of the season are yet to come
At present, 7 to 8 thousand bags are coming daily in the mandis of Gujarat, against an average of 10 to 12 thousand bags of daily trade.
In Kota spot market in Rajasthan the prices dropped -32.3 Rupees to end at 11466.7 Rupees per 100 kg.
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