Jeeraunjha trading range for the day is 39390-43670 - Kedia Advisory
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Jeera
*Jeeraunjha trading range for the day is 39390-43670
*Jeera prices reached an all-time high of 42440 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 6386-6874
*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 6766-6998
*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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