Jeeraunjha trading range for the day is 43930-48410 - Kedia Advisory
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Jeera
Observations
Jeeraunjha trading range for the day is 43930-48410
Jeera gains due to good export demand and expectations of lower stocks
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.
In February 2023 around 12,246.11 tonnes of jeera was exported as against 13,945.82 tonnes in February 2022 showing a drop of 2.19%.
Dhaniya
Observations
Dhaniya trading range for the day is 6542-6834
Dhaniya gains as some short covering is expected on downward revision in production.
Stockist and millers are not showing interest in bulk buying in anticipation of further fall in prices.
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
Observations
TMCFGRNZM trading range for the day is 7212-7700
Turmeric settled flat on profit booking after prices rose as crops got damaged due to untimely rains in Andhra Pradesh.
Turmeric stocks were soaked in rain water in Guntur, Krishna and NTR Districts due to the rainfall.
Turmeric exports during Apr-Jan 2023, rose by 7.76 percent at 1,36,492.59 tonnes
In February 2023 around 14,806.30 tonnes of turmeric was exported as against 10,358.22 tonnes in February 2022 showing a rise of 42.94%.
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