Turmeric trading range for the day is 7002-7422 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7002-7422.
Turmeric prices gained as unseasonal rains in some parts of the country have affected the crops
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 7441.05 Rupees dropped -32.05 Rupees.
Jeera
Jeera trading range for the day is 24380-25050.
Jeera prices rose amid higher demand for the fresh crop and supply tightness in the physical market.
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 -339 Rupees to end at 23888.35 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 9593-10593.
Dhaniya gained on short covering after prices dropped as sowing started in growing regions and sowing area likely to increase this year.
In Gujarat around 5% to 10% sowing has been completed and in Rajasthan around 15-20% sowing has been completed.
Coriander imports from January to August 2022 reported higher around 20,798.18 MT, up by 346.35% from the same period last year
In Kota spot market in Rajasthan the prices dropped -161 Rupees to end at 9907.5 Rupees per 100 kg.
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