IGI Logo

Turmeric

Turmeric trading range for the day is 8170-8586.

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 7459.15 Rupees gained 39.4 Rupees.

Jeera

Jeera trading range for the day is 28770-30800.

Jeera dropped on profit booking after 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 878 Rupees to end at 29055.9 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 7896-8456.

Dhaniya gained on short covering 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 20.1 Rupees to end at 8542 Rupees per 100 kg.

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer