IGI Logo

Turmeric

Turmeric trading range for the day is 8064-8364.

.Turmeric dropped due to lower demand and sufficient supplies in the physical market.

The arrivals have decreased in the physical market due to lower prices and lack of aggressive buying by bulk traders.

Turmeric exports in Feb 2022 were lower by 17% y/y at 10400 tonnes vs 12,575 tonnes

In Nizamabad, a major spot market in AP, the price ended at 8429.05 Rupees gained 93.55 Rupees.

Jeera

Jeera trading range for the day is 21410-21960.

Jeera gained because of lower production of the spice in the country, partly because many farmers shifted to more lucrative commodities.

The low yield in India will affect the global prices as the country is the largest producer of jeera or cumin in the world.

Total cumin output is estimated to have declined about 35% year-on-year to 558 million tonnes in 2022.

In Unjha, a key spot market in Gujarat, jeera edged down by -15.85 Rupees to end at 21600.5 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 11186-11554.

Dhaniya dropped due to slowdown in demand as the processors and traders are buying as per their requirements.

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 dropped -41.8 Rupees to end at 11336.9 Rupees per 100 kg.

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer