Jeera trading range for the day is 28845-31005 - Kedia Advisory
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Turmeric
* Turmeric trading range for the day is 8270-8786.
* Turmeric dropped on profit booking after prices gained as buying activities has increased amid weaker production for upcoming season.
* However, robust export demand and looming uncertainty over extent of crop damage in Andhra Pradesh limited downside
* Marathwada region has been serving as a round-the-year supply centre for Turmeric since past couple of years.
* In Nizamabad, a major spot market in AP, the price ended at 7459.15 Rupees gained 39.4 Rupees.
Jeera
*Jeera trading range for the day is 28845-31005.
* Jeera prices gained to all time high as sowing in Gujarat, dropped by nearly -5% with 261,635.00 hectares
* Support also seen amid higher demand for the fresh crop and supply tightness.
* 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 878 Rupees to end at 29055.9 Rupees per 100 kg.
Dhaniya
* Dhaniya trading range for the day is 7903-8567. Monday, December 26, 2022 www.kediaadvisory.com Page No. 4
* Dhaniya gained on short covering after prices dropped as in Gujarat sowing witnessed Strong growth by nearly 84% to 218,109.00 hectares
* Coriander imports has increased during the current year as compared to past three years
* Dhaniya exports during Apr- Oct 2022 has dropped by 14.09 percent at 24,790.62 tonnes as compared to Apr- Oct 2021.
* In Kota spot market in Rajasthan the prices gained 20.1 Rupees to end at 8542 Rupees per 100 kg.
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