Turmeric trading range for the day is 8398-8854 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8398-8854.
Turmeric 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 7419.95 Rupees dropped -5.9 Rupees.
Jeera
Jeera trading range for the day is 27780-29650.
Jeera dropped on profit booking after prices gained to all time high as sowing in Gujarat, dropped by nearly -5% with 261,635.00 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 575.65 Rupees to end at 28040.75 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7678-8478.
Dhaniya prices dropped as in Gujarat sowing witnessed Strong growth by nearly 84% to 218,109.00 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 dropped -241 Rupees to end at 8404.5 Rupees per 100 kg.
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