Dhaniya trading range for the day is 6230-6566 - Kedia Advisory
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Jeera
Observations
Jeeraunjha trading range for the day is 38380-41730
Jeera dropped on profit booking after prices reached an all-time high of 42440 on crop worries grow due tounseasonal rains and hailstorms.
The market is expecting a lower yield and quality of jeera this season, which has boosted the demand fromdomestic and export buyers.
Cumin demand is predicted to exceed 85 lakh bags this year, with a likely supply of 65 lakh bags.
Jeera exports during Apr-Jan 2023, dropped by 17.85 percent at 1,54,782.65 tonnes
Dhaniya
Dhaniya trading range for the day is 6230-6566
Dhaniya dropped on profit booking after prices rose as recent rainfall caused damage to crops.
The damage percentage for Coriander in Rajasthan is estimated to be 8%, while in MP it is 3%.
It is expected that the arrival of new crops in the mandis will be delayed.
Carry over stocks of old coriander is around 5-6 lakh bags is estimated to remain
Turmeric
TMCFGRNZM trading range for the day is 6734-6954
Turmeric dropped as turmeric harvesting has started in the key growing regions and farmers and stockists arereleasing their stocks
Farmers and stockists are releasing their stocks, in the fear of further decline in prices
The crop is good this season despite some projection of a lower crop.
Turmeric exports during Apr-Jan 2023, rose by 7.76 percent at 1,36,492.59 tonnes
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