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Turmeric

Turmeric trading range for the day is 9716-10156.

Turmeric dropped as arrival of the new crop has started in the markets of Telangana and Maharashtra.

Turmeric crop was damaged in Maharashtra, Nizamabad in Telangana and Kadapa in Andhra Pradesh due to rains and cyclones.

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 9261.1 Rupees dropped -66.4 Rupees.

Jeera

Jeera trading range for the day is 20850-21700.

Jeera gained as there were reports of decline in sowing area and improving domestic demand.

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 400 Rupees to end at 20441.2 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 10758-11482.

Dhaniya 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 329 Rupees to end at 10233 Rupees per 100 kg.

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