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Jeera

Observations

Jeeraunjha trading range for the day is 46790-48890

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 6626-7098

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 7234-7670

Turmeric gains on report of some fall in crop yields in the Marathwada region

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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