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Jeera

Observations

Jeeraunjha trading range for the day is 42720-47070

Jeera gains due to good export demand and expectations of lower stocks

Prices rose on crop worries grow due to unseasonal rains and hailstorms in Rajasthan

The market is expecting a lower yield and quality of jeera this season

In March 2023 around 19,456.02 tonnes of jeera was exported showing a rise of 58.88% from February 2023

Dhaniya

Observation

Dhaniya trading range for the day is 6322-6518

Dhaniya gained on short covering after prices dropped due to increased arrivals pressure.

Supplies are improving in Rajasthan, as Rajasthan is likely to witness bumper production in current year.

Carry over stocks of old coriander is around 5-6 lakh bags is estimated to remain

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 7904-8204

Turmeric dropped on profit booking in expectation of rise in domestic supplies.

Traders are also showing lesser interest at prevailing price levels and avoiding bulk buying in expectation of fall in prices.

Supplies in Maharashtra and Telangana are likely to increase as farmers are getting fair realization on their produce.

In March 2023 around 18,810.47 tonnes of turmeric was exported showing a rise of 27.04% from February 2023

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