Turmeric trading range for the day is 9352-9928 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 9352-9928.
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 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 8873.7 Rupees gained 183.7 Rupees.
Jeera
Jeera trading range for the day is 22680-23550.
Jeera dropped as the export of cumin in April-January declined by 23% year-on-year to 1.88 lakh tonnes as compared to 2.44 lakh tonnes in the previous year
There were reports of decline in sowing area and improving domestic demand.
At Jodhpur market, new crop arrivals started coming with moisture content 8% to 10%
In Unjha, a key spot market in Gujarat, jeera edged up by 504.3 Rupees to end at 22340 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 12361-13693.
Dhaniya prices gained on lower-than-normal acreage and fears of production shortfall due to cold wave in North India.
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 504 Rupees to end at 12350 Rupees per 100 kg.
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