Jeeraunjha trading range for the day is 45790-48340 - Kedia Advisory
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Jeera
Observation
Jeeraunjha trading range for the day is 45790-48340
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 5964-6212
Dhaniya gains 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
Observation
TMCFGRNZM trading range for the day is 7614-8278
Turmeric gained due to weaker production prospects supported by delayed monsoon forecast.
India Meteorological Department projected onset of monsoon is likely to be delayed
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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