Jeera trading range for the day is 25130-25960 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 6966-7262.
Turmeric gained on short covering after prices dropped in recent sessions on report of better sowing.
In the ongoing season, no major quality concerns were observed in the crop arrived in the Marathwada region.
In the month of July 2022 around 12,810.36 tonnes turmeric was exported as against 18,532.00 tonnes in June 2022 showing a drop of 30.87%.
In Nizamabad, a major spot market in AP, the price ended at 7250 Rupees dropped -28.5 Rupees.
Jeera
Jeera trading range for the day is 25130-25960.
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 219.4 Rupees to end at 24784.1 Rupees per 100 kg
Dhaniya
Dhaniya trading range for the day is 10869-11625.
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 65.75 Rupees to end at 11349.15 Rupees per 100 kg.
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