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Turmeric

Turmeric trading range for the day is 7874-8114.

Turmeric recovered from lows to end with gains as the arrivals of New season turmeric are diminishing and exports demand is improving.

Traders and exporters are expecting the prices to remain stable as Maharashtra and Andhra Pradesh turmeric arrivals have also increased.

Turmeric harvesting in Indonesia is likely to start during June – July 2022 and crop is reported to be normal.

In Nizamabad, a major spot market in AP, the price ended at 8238.35 Rupees gained 75.5 Rupees.

Jeera

Jeera trading range for the day is 20760-21690.

Jeera settled up 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.

Jeera arrivals in Unjha market were around 5,000 bags, Saurashtra and Gondal market around 800 t0 1,000 bags are arriving

In Unjha, a key spot market in Gujarat, jeera edged down by -41.85 Rupees to end at 21327.6 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 11076-11504.

Dhaniya gained as steady exports and lower crop estimates have supported the markets.

As per govt data, coriander exports in Feb 2022 up 5.5% y/y at 3320 tonnes compared to 3150 tonnes last year

For FY 2021/22 (Apr-Feb) export volume is down by 13.7% at 44,450 tonnes Vs 51,500 tonnes last year but 11% higher compared to 5-year average.

In Kota spot market in Rajasthan the prices gained 104.25 Rupees to end at 11400.45 Rupees per 100 kg.

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