Dhaniya trading range for the day is 5944-6116 - Kedia Advisory
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Jeera
Observation
Jeeraunjha trading range for the day is 45640-50500
Jeera prices gained due to good export demand
Traders are avoiding bulk buying in anticipation of rise in seasonal supply of jeera in Gujarat and Rajasthan.
The market is expecting a lower yield and quality of jeera this season
In March 2023 around 19,456.02 tonnes of jeera was exported showing a rise of 58.88% from February 2023
Dhaniya
Observations
Dhaniya trading range for the day is 5944-6116
Dhaniya prices dropped due to increased arrivals pressure.
Supplies are improving in Rajasthan, as Rajasthan is likely to witness bumper production in current year.
Carry over stocks of old coriander is around 5-6 lakh bags is estimated to remain
Carry over stocks of old coriander is around 5-6 lakh bags is estimated to remain
Turmeric
Observations
TMCFGRNZM trading range for the day is 7696-8028
Turmeric dropped on profit booking in expectation of rise in domestic supplies.
India Meteorological Department projected onset of monsoon is likely to be delayed
Supplies in Maharashtra and Telangana are likely to increase as farmers are getting fair realization on their produce.
In March 2023 around 18,810.47 tonnes of turmeric was exported showing a rise of 27.04% from February 2023
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