Jeeraunjha trading range for the day is 56820-59500 - Kedia Advisory
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Jeera
Observations
Jeeraunjha trading range for the day is 56820-59500
Jeera prices rallied amid high exports and supply shortage
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%.
Turmeric
Observations
TMCFGRNZM trading range for the day is 9328-10004
Turmeric gained as the kharif sowing acreage is expected to decrease during the current season.
However, upside were limited with forecast of good rainfall in Telangana and Maharashtra that will boost the ongoing sowing activities
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%.
Dhaniya
Observations
Dhaniya trading range for the day is 6588-6740
Dhaniya dropped amid profit booking amid forecast of drier weather in Rajasthan will lead to rise in supplies.
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
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