Turmeric trading range for the day is 9322-9658 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 9322-9658.
Turmeric dropped as new season turmeric is arriving in the market and exports are normal this season.
As per first advance estimates, the production of turmeric is pegged at 11.76 lakh tonnes in 2021-22 against 11.24 lt in 2020-21.
In FY 2021/22 (Apr-Feb), exports down 20% at 1.37 lakh tons compared to last year but higher by 8.3% compared with 5-year average.
In Nizamabad, a major spot market in AP, the price ended at 9153.5 Rupees gained 17.8 Rupees.
Jeera
Jeera trading range for the day is 22365-22945.
Jeera prices gained on lower crop estimates.
The production of cumin seed is at 7.25 lakh tonnes in 2021-22 against 7.95 lakh tonnes in 2020-21.
Jeera exports in Feb 2022 up by 23.6% Y/Y at 14000 tonnes compared to 18300 tonnes
In Unjha, a key spot market in Gujarat, jeera edged up by 87.5 Rupees to end at 22250 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 12453-13093.
Dhaniya prices gained on lower-than-normal acreage and fears of production shortfall due to cold wave in North India.
Coriander exports in Feb 2022 up 5.5% y/y at 3320 tonnes compared to 3150 tonnes last year
Coriander sowing is completed and sowing area is reported down by 10 – 15% compared to last year.
In Kota spot market in Rajasthan the prices gained 146 Rupees to end at 12529 Rupees per 100 kg.
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