03-06-2023 12:04 PM | Source: Kedia Advisory
Jeeraunjha Trading Range For The Day is 29310-31330 - Kedia Advisory
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Jeeraunjha 

Observations

Jeeraunjha trading range for the day is 29310-31330

Jeera gains as demand has improved in the export and domestic market due to the Ramadan seasonahead

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 6876-7052

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 

Observations

 

TMCFGRNZM trading range for the day is 6776-7168

 

Turmeric prices dropped as turmeric harvesting has started in the key growing regions

 

Pressure also seen as 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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