Turmeric trading range for the day is 7614-8390 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7614-8390.
Turmeric dropped on an “unexpected” slump in domestic and export demand.
Turmeric production in the 2021-22 crop year (June-July) has been projected at 13.31 lakh tonnes against 11.24 lakh tonnes 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 7330.2 Rupees dropped -51.75 Rupees.
Jeera
Jeera trading range for the day is 31725-35545.
Jeera prices gained as sowing in Gujarat, dropped by nearly -8% to 274,995.00 hectares
Support also seen amid higher demand for the fresh crop and supply tightness.
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 956.4 Rupees to end at 33398.15 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7893-8333.
Dhaniya dropped as in Gujarat sowing gained by 74% to 221,836.00 hectares
Coriander imports has increased during the current year as compared to past three years
Dhaniya exports during Apr- Oct 2022 has dropped by 14.09 percent at 24,790.62 tonnes as compared to Apr- Oct 2021.
In Kota spot market in Rajasthan the prices dropped -67.1 Rupees to end at 8332.2 Rupees per 100 kg.
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Dhaniya trading range for the day is 7947-8323.
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