Jeeraunjha trading range for the day is 42740-45240 - Kedia Advisory
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Jeera
Observations
Jeeraunjha trading range for the day is 42740-45240
Jeera prices dropped amid profit booking with increase in seasonal supply.
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
Observations
Dhaniya trading range for the day is 6218-6610
Dhaniya dropped due to increased arrivals pressure at major trading centers.
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 7912-8388
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 offall 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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