Jeera Updates: Jeera for Nov delivery closed lower last week on subdued demand from the physical players due to weak physical demand as exports are usually lower during the months of September, October and November. As per government data, Jeera exports during first four month of FY 2017/18 (Apr-Jun) is 49,205 tonnes, down 11% compared to last year exports volume for the same period.
Turmeric Updates : Turmeric futures for Nov delivery closed lower last week but still trend looks sideways to lower due to beneficial rains in the southern peninsula. The export of turmeric is down by 16.4% to 41,517 tonnes for the first 4 month of FY 2017/18 compared to last years’ exports. For 2017/18, turmeric sowing in Telangana, as on 27th Sep, down 1.5% to 44,956 hectares as compared to last year acreage of 45,633 hectares.