Jeera trading range for the day is 21225-21765 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7826-8190.
Turmeric gains as the arrivals of New season turmeric are diminishing and exports demand is improving as season progresses
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 8382.3 Rupees gained 228.15 Rupees.
Jeera
Jeera trading range for the day is 21225-21765.
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 up by 39.9 Rupees to end at 21540.4 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 10839-11519.
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 212.9 Rupees to end at 11242.65 Rupees per 100 kg.
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