Dhaniya trading range for the day is 7540-7904 - Kedia Advisory
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Jeera
Observations
Jeeraunjha trading range for the day is 58240-60950
Jeera prices rose as arrivals decreased
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 May 2023 around 25,903.63 tonnes of jeera was exported as against 17,084.87 tonnes in April 2023 showing a rise of 51.52%.
Dhaniya
Observations???????
Dhaniya trading range for the day is 7540-7904
Dhaniya dropped on profit booking after prices rose amid improved export demand and also domestic demand at lower levels.
The lower price levels and higher stocks have significantly boosted coriander exports in May 2023.
India's increased coriander production has led to a decline in the country's imports from other coriander-producing nations.
In May 2023 around 25,446.27 tonnes of dhaniya was exported as against 11,486.60 tonnes in April 2023 showing a rise of 121.53%.
Turmeric
Observations???????
TMCFGRNZM trading range for the day is 14130-16238
Turmeric dropped on profit booking after supported by fall in area and slower sowing progress.
Farmers and stockists are holding onto their stocks in anticipation of price increases due to lower sowing acreage
In May 2023 around 19,827.86 tonnes of turmeric was exported as against 19,590.87 tonnes in April 2023 showing a rise of 1.21%.
Supplies in Maharashtra and Telangana are likely to increase as farmers are getting fair realization on their produce.
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