Turmeric trading range for the day is 8370-8946 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8370-8946.
Turmeric dropped as new season turmeric is arriving in the market and exports are normal this season.
Turmeric crop was damaged in Maharashtra, Nizamabad in Telangana and Kadapa in Andhra Pradesh due to rains and cyclones.
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 8906.65 Rupees dropped -34.55 Rupees.
Jeera
Jeera trading range for the day is 19730-21490.
Jeera settled down as the export of cumin in April-January declined by 23% year-on-year to 1.88 lakh tonnes
Pressure also seen due to tensions between Ukraine and Russia which may disrupt shipments of spices to Europe and other destinations.
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 -257.6 Rupees to end at 20636.85 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 10097-11001.
Dhaniya dropped on profit booking after 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 -106 Rupees to end at 10219 Rupees per 100 kg.
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