Jeeraunjha trading range for the day is 58270-61120- Kedia Advisory
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Jeera
Observations
Jeeraunjha trading range for the day is 58270-61120
Jeera dropped on profit booking after prices gained amid less stock and good 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 May 2023 around 25,903.63 tonnes of jeera was exported as against 17,084.87 tonnes in April 2023 showing a rise of 51.52%.
Dhaniya
Observations
Dhaniya trading range for the day is 6830-7042
Dhaniya gained amid improved export demand but 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
In May 2023 around 25,446.27 tonnes of dhaniya was exported as against 11,486.60 tonnes in April 2023 showing a rise of 121.53%.
Turmeric
Observations
TMCFGRNZM trading range for the day is 10196-11284
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 May 2023 around 19,827.86 tonnes of turmeric was exported as against 19,590.87 tonnes in April 2023 showing a rise of 1.21%.
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