Jeera trading range for the day is 20800-21390 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7694-7914.
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 8074.2 Rupees dropped -58.6 Rupees.
Jeera
Jeera trading range for the day is 20800-21390.
Jeera dropped as cumin exports dropped by 60.58% in March 2022 to around 13406.43 tonnes as against 33203.08 tonnes in March 2021.
In Rajasthan, the new crop of cumin in the current year has come only 60% i.e. around 30 lakh bags as compared to last year.
Export demand for cumin seeds is expected to increase for the rest of the season due to reports of very low harvests in Turkey, Syria and Afghanistan.
In Unjha, a key spot market in Gujarat, jeera edged up by 118.85 Rupees to end at 21407.95 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 10965-11261.
Dhaniya dropped due to slowdown in demand as the processors and traders are buying as per their requirements.
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 gained 23.95 Rupees to end at 11392.6 Rupees per 100 kg.
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