Turmeric trading range for the day is 7748-7936 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7748-7936.
Turmeric gains amid improving buying by bulk traders amid good domestic demand is supported prices.
However, reports of sufficient stocks and good sowing progress in south India limited the upside.
Turmeric exports in Mar 2022 jumped higher 27.4% y/y at 15,750 tonnes vs 12,360 tonnes
In Nizamabad, a major spot market in AP, the price ended at 8132.8 Rupees dropped -9.3 Rupees.
Jeera
Jeera trading range for the day is 20485-21445.
Jeera gained because of lower production of the spice in the country, partly because many farmers shifted to more lucrative commodities.
In Rajasthan, the new crop of cumin in the current year has come only 60% i.e. around 30 lakh bags as compared to last year.
Export demand for cumin seeds is expected to increase for the rest of the season due to reports of very low harvests in Turkey, Syria and Afghanistan.
In Unjha, a key spot market in Gujarat, jeera edged up by 53.45 Rupees to end at 21289.1 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 10921-11273.
Dhaniya gained as steady exports and lower crop estimates have supported the markets.
17 to 18 lakh sacks of coriander are yet to arrive, out of which 9 months of the season are yet to come
At present, 7 to 8 thousand bags are coming daily in the mandis of Gujarat, against an average of 10 to 12 thousand bags of daily trade.
In Kota spot market in Rajasthan the prices dropped -24.95 Rupees to end at 11368.65 Rupees per 100 kg.
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