Dhaniya trading range for the day is 6302-6558 - Kedia Advisory
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Jeera
Jeeraunjha trading range for the day is 39180-41620
Jeera prices rose on crop worries grow due to unseasonal 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.
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
Dhaniya trading range for the day is 6302-6558
Dhaniya gains as some short covering is expected on downward revision in production.
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 6316-7008
Turmeric rose as crops got damaged due to untimely rains in Andhra Pradesh
Turmeric stocks were soaked in rain water in Guntur, Krishna and NTR Districts due to the rainfall.
Turmeric exports during Apr-Jan 2023, rose by 7.76 percent at 1,36,492.59 tonnes
In 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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