Turmeric trading range for the day is 8626-9046 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 8626-9046.
Turmeric settled flat 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 8690 Rupees gained 19.4 Rupees.
Jeera
Jeera trading range for the day is 21205-22085.
Jeera dropped as 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 -84.2 Rupees to end at 21215.8 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 10691-11015.
Dhaniya prices dropped flat due to increased arrivals from the season crop.
The Russian invasion of Ukraine could affect the supply of coriander from Romania and Bulgaria, which would help the Indian market.
The export of coriander declined by 15% to 3,590 tonnes in January 2022 as compared to 4,630 tonnes in December 2021.
In Kota spot market in Rajasthan the prices gained 100 Rupees to end at 10400 Rupees per 100 kg.
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