Turmeric trading range for the day is 8216-8868 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8216-8868.
Turmeric gains as turmeric crop was damaged in Maharashtra, Nizamabad in Telangana and Kadapa in Andhra Pradesh due to rains and cyclones.
New season turmeric is arriving in the market and exports are normal this season.
In the first 9 months (April-December) of FY 2021-22, exports declined by 20.7% over the previous year to 1,16,400 tonnes.
In Nizamabad, a major spot market in AP, the price ended at 8820 Rupees dropped -86.65 Rupees.
Jeera
Jeera trading range for the day is 19695-20975.
Jeera gained as there were reports of decline in sowing area and improving domestic demand.
The export of cumin in April-January declined by 23% year-on-year to 1.88 lakh tonnes
However, there were reports of decline in sowing area and improving domestic demand.
In Unjha, a key spot market in Gujarat, jeera edged down by -175.75 Rupees to end at 20461.1 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 10063-10787.
Dhaniya prices gained on lower-than-normal acreage and fears of production shortfall due to cold wave in North India.
Coriander sowing is completed and sowing area is reported down by 10 – 15% compared to last year.
Exports during the April-December period declined by 13% to 37,500 tonnes from 43,100 tonnes last year, but 11% higher than the 5-year average.
In Kota spot market in Rajasthan the prices dropped -34 Rupees to end at 10185 Rupees per 100 kg.
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