Dhaniya trading range for the day is 6888-7120 - Kediai Advisory
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Jeera
Observations
Jeera unjha trading range for the day is 30150-31360
Jeera gains as demand has improved in the export and domestic market due to the Ramadan season ahead
Global production will be higher at 4.35 lt against 4.08 lt.
But net supplies from India are projected 7 per cent lower.
Jeera exports during Apr-Dec 2022 has dropped by 15.91 percent at 146,065.90 tonnes
Dhaniya
Observations
Dhaniya trading range for the day is 6888-7120
Dhaniya prices seen pressure as harvesting has started and hence arrivals started with 15%-30% moisture
Dhaniya imports during Apr-Dec 2022 has rose by 174.92 percent at 27,984.46 tonnes
Dhaniya exports during Apr-Dec 2022 has dropped by 13.65 percent at 32,438.10 tonnes
Carry over stocks of old coriander is around 5-6 lakh bags is estimated to remain
Turmeric
Observation
TMCFGRNZM trading range for the day is 6808-6984
Turmeric gained on short covering after prices dropped as turmeric harvesting has started in the key growing regions
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-Dec 2022 has rose by 6.81 percent at 1,24,008.08 tonnes
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