Dhaniya trading range for the day is 6694-6830 - Kedia Advisory
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Jeera
Jeeraunjha trading range for the day is 38380-43310
Jeera prices reached an all-time high of 41720 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 from domestic 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 6694-6830
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 6764-6908
Turmeric gained on short covering as export demand is good amidst lukewarm domestic demand
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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