Turmeric trading range for the day is 7610-7942 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7610-7942.
Turmeric prices dropped on an “unexpected” slump in domestic and export demand.
Turmeric production in 2023 has been projected at 5.13 Lakh Mt against 4.67 Lakh Mt the previous 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 7357.45 Rupees dropped -51.85 Rupees.
Jeera
Jeera trading range for the day is 35755-38065.
Jeera prices gained amid reduced sowing in Gujarat, coupled with a tight supply, and climatic uncertainties.
Projections of lower carryover stock and fears of sowing in key growing regions of Gujarat being affected.
Sowing in Gujarat, dropped by nearly -8% with 274,995.00 hectares against sown area of 2021 which was 300,401.00 hectares.
In Unjha, a key spot market in Gujarat, jeera edged up by 51.75 Rupees to end at 35069.1 Rupees per 100 kg.
Dhaniy
Dhaniya trading range for the day is 8060-8600.
Dhaniya prices seen pressured as in Gujarat sowing gained by 77% to 222,180.00 hectares
Dhaniya imports during Apr-Nov 2022 has rose by 252.50 percent at 26,654.26 tonnes as compared to 7 Apr-Nov 2021.
Dhaniya exports during Apr-Nov 2022 has dropped by 14.66 percent at 28,105.19 tonnes as compared to Apr-Nov 2021
In Kota spot market in Rajasthan the prices dropped -98.3 Rupees to end at 8076.1 Rupees per 100 kg.
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