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Turmeric

Turmeric trading range for the day is 9660-9932.

Turmeric gained as turmeric crop was damaged in Maharashtra, Nizamabad in Telangana and Kadapa in Andhra Pradesh 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 9231.6 Rupees gained 3.8 Rupees.

Jeera

Jeera trading range for the day is 20670-21440.

Jeera dropped as export demand will still under pressure due to tariff cost and ahead of arrival despite the news that China export started again

In 2021-22, the area under cumin in Gujarat is only 3.07 lakh hectares as against 4.69 lakh hectares in the same period last year.

In Rajasthan too, there has been a decline of about 30% in the area.

In Unjha, a key spot market in Gujarat, jeera edged up by 9.4 Rupees to end at 20429.4 Rupees per 100 kg. TECH

Dhaniya

Dhaniya trading range for the day is 10802-11154.

Dhaniya dropped on profit booking after 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 dropped -40 Rupees to end at 10260 Rupees per 100 kg.

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