IGI Logo

Jeera 

Observation

Jeeraunjha trading range for the day is 48410-50570

Jeera dropped on profit booking after gained on good export demand

Traders are avoiding bulk buying in anticipation of rise in seasonal supply of jeera in Gujarat and Rajasthan.

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

In April 2023 around 17,084.87 tonnes of jeera was exported as against 19,456.02 tonnes in March 2023 showing a drop of 12.19%.

Dhaniya

Observations

Dhaniya trading range for the day is 6062-6334

Dhaniya prices dropped due to increased arrivals pressure

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

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

Dhaniya exports during Apr 2023, rose by 185.64 percent compared to Apr 2022

Turmeric

Observations

TMCFGRNZM trading range for the day is 8284-9036

Turmeric gains as the kharif sowing acreage is expected to decrease

Support also seen as the untimely rains that occurred in various places in the Andhra Pradesh damaged turmeric crops.

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

In April 2023 around 19,590.87 tonnes of turmeric was exported as against 18,810.47 tonnes in March 2023 showing a rise of 4.15%.

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer