Turmeric trading range for the day is 9104-9692 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 9104-9692.
Turmeric gained as turmeric crop was damaged in Maharashtra, Nizamabad in Telangana due to rains and cyclones.
The arrival of the new crop has started in the markets of Telangana and Maharashtra.
In the first 7 months (April-October) of the financial year 2021-22, exports declined by 23% to 89,850 tonnes over the previous year.
In Nizamabad, a major spot market in AP, the price ended at 9145 Rupees dropped -25.6 Rupees.
Jeera
Jeera trading range for the day is 20185-21785.
Jeera dropped amid profit booking due to tensions between Ukraine and Russia which may disrupt shipments of spices to Europe and other destinations.
The area under jeera has decreased by about 30% in Rajasthan this year, to 5.39 lakh hectares (lh) from 7.7 lh last year
In Gujarat, the area has decreased to 3.40 lh from 4.70 lh last year.
In Unjha, a key spot market in Gujarat, jeera edged down by -422.3 Rupees to end at 20988.25 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 10594-11142.
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 gained 24 Rupees to end at 10591 Rupees per 100 kg.
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