Turmeric trading range for the day is 7044-7476 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7044-7476
Turmeric rose on low level buying on expectation of rise in festival demand amidst dwindling supplies in the market.
Marathwada region has been serving as a round-the-year supply centre for Turmeric since past couple of years.
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 7102.7 Rupees dropped -20.3 Rupees.
Jeera
Jeera trading range for the day is 24065-24915.
Jeera dropped on profit booking after prices seen supported as supply was 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 -144.15 Rupees to end at 24276.9 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 11287-12279.
Dhaniya steadied as steady exports and lower crop estimates have supported the markets.
Imports from Russia, Syria and other global counties has picked up that will keep supply adequate.
Stockiest are releasing their stocks in fear of further fall in prices in wake of ease in supply from black sea.
In Kota spot market in Rajasthan the prices gained 123.35 Rupees to end at 11718.65 Rupees per 100 kg.
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