Jeera unjha trading range for the day is 34180-35480 - Kedia Advisory
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Jeera
Jeera unjha trading range for the day is 34180-35480
Jeera dropped on profit booking after prices crosses 35000 level
Downside seen limited amid a stock deficit, lesser output, and increased export demand for jeera
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 6976-7364
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 6868-7104
Turmeric gains on good domestic and export 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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