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Turmeric

Turmeric trading range for the day is 8120-8420.

Turmeric gains as the arrivals of New season turmeric are diminishing and exports demand is improving as season progresses.

As per first advance estimates, the production of turmeric is pegged at 11.76 lakh tonnes in 2021-22 against 11.24 lt in 2020-21.

In FY 2021/22 (Apr-Feb), exports down 20% at 1.37 lakh tons compared to last year but higher by 8.3% compared with 5-year average.

In Nizamabad, a major spot market in AP, the price ended at 8335.5 Rupees gained 16.3 Rupees.

Jeera

Jeera trading range for the day is 21215-22115.

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 -7.55 Rupees to end at 21616.35 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 11059-11919.

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 dropped -75.6 Rupees to end at 11378.7 Rupees per 100 kg.

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