Jeera trading range for the day is 23970-24770 - Kedia Advisory
Turmeric
* Turmeric trading range for the day is 7294-7650.
* 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 7693.45 Rupees dropped -21.15 Rupees.
Jeera
* Jeera trading range for the day is 23970-24770.
* Jeera dropped on profit booking after 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 down by -68.35 Rupees to end at 23926.75 Rupees per 100 kg.
Dhaniya
* Dhaniya trading range for the day is 11355-11867.
* Dhaniya dropped on profit booking amid slowdown in demand as the processors and traders are buying as per their requirements.
* 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 64.3 Rupees to end at 11881.35 Rupees per 100 kg.
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