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Jeera

Observation

Jeeraunjha trading range for the day is 46200-49230

Jeera gains due to good export demand and expectations of lower stocks

Prices rose on crop worries grow due to unseasonal rains and hailstorms in 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

Observation

Dhaniya trading range for the day is 5988-6136

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

Observation

TMCFGRNZM trading range for the day is 7788-8232

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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