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Turmeric

Turmeric trading range for the day is 7768-8000.

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 7381.15 Rupees dropped -40.1 Rupees.

Jeera

Jeera trading range for the day is 31475-32925.

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 -10% with 275,832.00 hectares against sown area of 2021-22 which was 307,135.00 hectares.

In Unjha, a key spot market in Gujarat, jeera edged down by -639.45 Rupees to end at 32498.05 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 7885-8197.

Dhaniya settled flat as acreage in Gujarat has risen to 2,22,792 ha, up 78% on year

Dhaniya imports during Apr-Nov 2022 has rose by 252.50 percent at 26,654.26 tonnes as compared to 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 -16.5 Rupees to end at 7685.9 Rupees per 100 kg.

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