Turmeric trading range for the day is 7398-7646 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7398-7646.
Turmeric rose as support seen after Agriculture Minister said 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 7265.15 Rupees gained 16.5 Rupees.
Jeera
Jeera trading range for the day is 23760-24440.
Jeera dropped on profit booking after reports sowing started in some parts of Rajasthan
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 up by 52.75 Rupees to end at 23940.15 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 11189-11533.
Dhaniya prices seen supported as sowing activity likely to get delayed by 10 to 15 days
Coriander imports has increased during the current year as compared to past three years
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 gained 15.9 Rupees to end at 11409.65 Rupees per 100 kg.
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