Turmeric trading range for the day is 8400-8676 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8400-8676.
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
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 8675 Rupees dropped -145 Rupees.
Jeera
Jeera trading range for the day is 20495-21095.
Jeera dropped as 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.
Pressure also seen due to tensions between Ukraine and Russia which may disrupt shipments of spices to Europe and other destinations.
In Unjha, a key spot market in Gujarat, jeera edged up by 132.75 Rupees to end at 20668.75 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 10446-10818.
Dhaniya dropped on profit booking due to Russia-Ukraine crisis which may affect export prospects.
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 -38 Rupees to end at 10329 Rupees per 100 kg.
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