Turmeric trading range for the day is 7130-7378 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7130-7378.
Turmeric dropped on profit booking as sowing activities has almost completed and Crop size is expected to be on par.
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 7362.4 Rupees dropped -44.2 Rupees.
Jeera
Jeera trading range for the day is 23860-25520.
Jeera dropped on profit booking after 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 down by -235.2 Rupees to end at 24493.75 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 10346-11042.
Dhaniya dropped on profit booking amid slowdown in demand as the processors and traders are buying as per their requirements.
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 dropped -183.05 Rupees to end at 11085.75 Rupees per 100 kg.
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