Turmeric trading range for the day is 7176-7408 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7176-7408
Turmeric settled flat amid lower demand from domestic spice-makers and stockists amid availability of Turmeric supply form Marathwada region
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 7125.45 Rupees gained 22.75 Rupees.
Jeera
Jeera trading range for the day is 24040-24570.
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 -138.85 Rupees to end at 24138.05 Rupees per 100 kg
Dhaniya
Dhaniya trading range for the day is 10916-12004
Dhaniya dropped on profit booking after prices seen supported 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 dropped -237.95 Rupees to end at 11480.7 Rupees per 100 kg.
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