Turmeric trading range for the day is 8102-8582 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8102-8582.
Turmeric dropped on profit booking after prices gained buying activities has increased amid weaker production for upcoming season.
However, robust export demand and looming uncertainty over extent of crop damage in Andhra Pradesh limited downside
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 7364.35 Rupees dropped -66.15 Rupees.
Jeera
Jeera trading range for the day is 26595-27875.
Jeera dropped on profit booking after prices gained to all time high amid higher demand for the fresh crop and supply tightness.
Current year sowing area likely to increase in Rajasthan and Gujarat growing regions.
All-India Jeera production is expected to fall in the Marketing year 2022-23 by around 33% to 3 lakh tonnes on y-o-y basis due to lower sowings.
In Unjha, a key spot market in Gujarat, jeera edged down by -141.55 Rupees to end at 26657.4 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7959-8995.
Dhaniya prices dropped as sowing started in growing regions and sowing area likely to increase this year.
In Gujarat around 5% to 10% sowing has been completed and in Rajasthan around 15-20% sowing has been completed.
Coriander imports from January to August 2022 reported higher around 20,798.18 MT, up by 346.35% from the same period last year
In Kota spot market in Rajasthan the prices dropped -223.5 Rupees to end at 8768.15 Rupees per 100 kg.
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