Turmeric trading range for the day is 7778-8118 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7778-8118.
Turmeric settled down 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 8274.15 Rupees dropped -108.15 Rupees.
Jeera
Jeera trading range for the day is 20615-21835.
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 -209.9 Rupees to end at 21418.4 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 10922-11558.
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 gained 27.6 Rupees to end at 11365.25 Rupees per 100 kg.
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