Turmeric trading range for the day is 8310-9154 - Kedia Advisory
Turmeric
Turmeric trading range for the day is 8310-9154.
Turmeric gained amid fears that the new season (MY 2022-23) turmeric production remaining lower than the earlier expectations
Turmeric yield is likely get affected in Marathwada, Telangana and Tamil Nadu due to crop damage caused by unseasonal rainfall
For the 2021-22 marketing year, carry forward stock of Turmeric is likely to be around 0.48 lakh tonnes, lower than 0.62 lakh tonnes of the previous year.
In Nizamabad, a major spot market in AP, the price ended at 8670.6 Rupees gained 39.35 Rupees
Jeera
Jeera trading range for the day is 21315-22205.
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 up by 182.35 Rupees to end at 21300 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 10691-11047.
Dhaniya gains 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 gained 100 Rupees to end at 10400 Rupees per 100 kg.
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