Dhaniya trading range for the day is 6298-6458 - Kedia Advisory
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Jeera
Observations
Jeeraunjha trading range for the day is 38300-41020Jeera dropped on profit booking after prices rose on crop worries grow due to unseasonal rains andhailstorms.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.In February 2023 around 12,246.11 tonnes of jeera was exported as against 13,945.82 tonnes in February 2022showing a drop of 2.19%
Dhaniya
Observations
Dhaniya trading range for the day is 6298-6458Dhaniya prices dropped due to surging arrival pressure in the market.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
Observations
TMCFGRNZM trading range for the day is 6470-6622Turmeric prices remained under pressure on muted demand against the adequate supplies.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 tonnesIn February 2023 around 14,806.30 tonnes of turmeric was exported as against 10,358.22 tonnes in February2022 showing a rise of 42.94%
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