Turmeric trading range for the day is 9944-10184 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 9944-10184.
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 9355 Rupees dropped -33.25 Rupees
Jeera
Jeera trading range for the day is 20445-21345.
Jeera prices rallied on 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 down by -18.75 Rupees to end at 19981.25 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 10641-10993.
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 11 Rupees to end at 9865 Rupees per 100 kg
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