Turmeric trading range for the day is 6992-7608 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 6992-7608.
Turmeric dropped amid lower demand from domestic spice-makers and stockists amid availability of supply form Marathwada region.
As per Andhra Pradesh agricultural department, turmeric sowing activity completed around 16,921 hectares, down by 12.67% till date from last year.
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 7488.15 Rupees gained 20.25 Rupees.
Jeera
Jeera trading range for the day is 24185-24945.
Jeera prices dropped as current year sowing area likely to increase in Rajasthan and Gujarat growing regions.
Current year sowing area likely to increase in Rajasthan and Gujarat growing regions
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 -130.9 Rupees to end at 24385.2 Rupees per 100 kg
Dhaniya
Dhaniya trading range for the day is 9293-10517.
Dhaniya dropped as in Gujarat, around 95,633 hectares sowing has been completed 5,301 hectares in same period, last year.
Coriander imports from January to August 2022 reported higher around 20,798.18 MT, up by 346.35% from the same period last year
Coriander imports has increased during the current year as compared to past three years
In Kota spot market in Rajasthan the prices dropped -348.3 Rupees to end at 10040.75 Rupees per 100 kg.
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