Turmeric trading range for the day is 8156-8396 - Kedia Advisory
Turmeric
* Turmeric trading range for the day is 8156-8396.
* Turmeric dropped on profit booking after prices gained as 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 7426.85 Rupees dropped -31.15 Rupees.
Jeera
* Jeera trading range for the day is 29545-30905.
* Jeera prices gained as sowing in Gujarat, dropped by nearly -6% to 268,775 hectares
* Support also seen amid higher demand for the fresh crop and supply tightness.
* 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 up by 321.85 Rupees to end at 29546.25 Rupees per 100 kg.
Dhaniya
* Dhaniya trading range for the day is 7856-8296.
* Dhaniya gained on low level buying after prices dropped as in Gujarat sowing witnessed Strong growth by nearly 79% to 220,007 hectares
* Coriander imports has increased during the current year as compared to past three years
* Dhaniya exports during Apr- Oct 2022 has dropped by 14.09 percent at 24,790.62 tonnes as compared to Apr- Oct 2021.
* In Kota spot market in Rajasthan the prices gained 67.95 Rupees to end at 8525.2 Rupees per 100 kg.
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