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Turmeric

Turmeric trading range for the day is 7452-8136.

Turmeric dropped amid reports of sufficient stocks and good sowing progress in south India is pressurizing the prices.

However downside seen limited as arrivals of New season turmeric are diminishing and exports demand is improving as season progresses.

In the month of April 2022 around 13,762.59 tonnes turmeric was exported as against 15,751.54 in March 2022 showing a decline of 13%.

In Nizamabad, a major spot market in AP, the price ended at 8000.35 Rupees dropped -107.95 Rupees.

Jeera

Jeera trading range for the day is 20775-21705.

Jeera dropped on profit booking after prices seen supported as in Gujarat and Rajasthan markets arrivals have remained low.

Currently, steady demand seen from Bangladesh and due to Bakri-Eid in July further increase in demand is expected.

On daily basis Jeera arrivals in Unjha market were around 5,000 bags, Saurashtra and Gondal market around 800 to 1,000 bags are arriving.

In Unjha, a key spot market in Gujarat, jeera edged down by -1.25 Rupees to end at 21500.5 Rupees per 100 kg.

Dhaniya 

Dhaniya trading range for the day is 11153-11513.

Dhaniya dropped due to arrivals of new crop and around 50-60 percent of the crop arrived.

However 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 -42.1 Rupees to end at 11461.35 Rupees per 100 kg.

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