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Turmeric

Turmeric trading range for the day is 7666-8342.

Turmeric remained under pressure due to good arrivals from new crop and less demand.

Traders and exporters are expecting the prices to remain stable as Maharashtra and Andhra Pradesh turmeric arrivals have also increased.

Turmeric harvesting in Indonesia is likely to start during June – July 2022 and crop is reported to be normal.

In Nizamabad, a major spot market in AP, the price ended at 8304.4 Rupees dropped -124.65 Rupees.

Jeera

Jeera trading range for the day is 20775-21955.

Jeera dropped as jeera exports in Feb 2022 down by 23.6% Y/Y at 14000 tonnes

The selling of cumin by the farmers increases after the onset of monsoon.

The production of cumin in Rajasthan is estimated to be 30 to 32 lakh bags.

In Unjha, a key spot market in Gujarat, jeera edged down by -132.1 Rupees to end at 21468.4 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 10717-11473.

Dhaniya dropped due to slowdown in demand as the processors and traders are buying as per their requirements.

As per govt data, coriander exports in Feb 2022 up 5.5% y/y at 3320 tonnes compared to 3150 tonnes last year

For FY 2021/22 (Apr-Feb) export volume is down by 13.7% at 44,450 tonnes Vs 51,500 tonnes last year but 11% higher compared to 5-year average.

In Kota spot market in Rajasthan the prices dropped -230.3 Rupees to end at 11106.6 Rupees per 100 kg.

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