Turmeric trading range for the day is 7816-8316 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7816-8316.
Turmeric gained on low level buying after 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 7396.85 Rupees dropped -29.05 Rupees.
Jeera
Jeera trading range for the day is 34620-35560.
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 275,830.00 hectares against sown area of 2021 which was 307,135.00 hectares.
In Unjha, a key spot market in Gujarat, jeera edged up by 76.3 Rupees to end at 34620.7 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 8312-8532. Thursday, January 19, 2023 www.kediaadvisory.com Page No. 4
Dhaniya prices gains as support came after in many places of Rajasthan, frozen snow likely to damage the crops.
Dhaniya imports during Apr-Nov 2022 has rose by 252.50 percent at 26,654.26 tonnes as compared to 7 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 gained 16.1 Rupees to end at 7961.75 Rupees per 100 kg
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