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Jeera 

Observations

Jeeraunjha trading range for the day is 53350-58710

Jeera prices rallied amid high exports and supply shortage

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 April 2023 around 17,084.87 tonnes of jeera was exported as against 19,456.02 tonnes in March 2023 showing a drop of 12.19%.

Dhaniya

Observations

Dhaniya trading range for the day is 6552-6780

Dhaniya dropped as forecast of drier weather in Rajasthan will lead to rise in supplies.

Supplies are improving in Rajasthan, likely to witness bumper production in current year.

Carry over stocks of old coriander is around 5-6 lakh bags is estimated to remain

Dhaniya exports during Apr 2023, rose by 185.64 percent compared to Apr 2022

Turmeric

Observations

TMCFGRNZM trading range for the day is 9352-10272

Turmeric prices gained on weaker production prospects for upcoming season

The untimely rains that occurred in various places in the Andhra Pradesh damaged turmeric crops.

In April 2023 around 19,590.87 tonnes of turmeric was exported as against 18,810.47 tonnes in March 2023 showing a rise of 4.15%

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