Jeera trading range for the day is 23685-25605 - Kedia Advisory
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Turmeric
* Turmeric trading range for the day is 7006-7510.
* Turmeric prices seen supported amid expectations of decline in sown area in the ongoing kharif sowing season.
* In the ongoing season, no major quality concerns were observed in the crop arrived in the Marathwada region.
* Turmeric exports during Apr-May 2022 has rose by 14.94 percent at 30,899.73 as compared to 26,881.41 exported during Apr-May 2021.
* In Nizamabad, a major spot market in AP, the price ended at 7495.95 Rupees dropped -225.5 Rupees.
Jeera
* Jeera trading range for the day is 23685-25605.
* Jeera prices seen supported as supply was observed to be less as farmers and stockists were holding stocks
* Mandi arrivals of Jeera, at all-India level decreased by 10% as compared with previous month
* All-India Jeera production is expected to fall in the Marketing year 2022-23 by around 33% to 3 lakh tonnes on y-o-y basis due to lower sowings.
* In Unjha, a key spot market in Gujarat, jeera edged up by 317.8 Rupees to end at 24032.85 Rupees per 100 kg.
Dhaniya
* Dhaniya trading range for the day is 11247-11867.
* Dhaniya gained as steady exports and lower crop estimates have supported the markets.
* Current crop production in major coriander growing states of Madhya Pradesh, Rajasthan and Gujarat is estimated lower as compared to last year.
* Coriander production is also likely to decline in Syria, Bulgaria, Romania, Ukraine and Russia this year.
* In Kota spot market in Rajasthan the prices gained 120.3 Rupees to end at 11781.6 Rupees per 100 kg.
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