Jeeraunjha trading range for the day is 58290-61360- Kedia Advisory
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JEERA
Observations
Jeeraunjha trading range for the day is 58290-61360
Jeera prices on NCDEX crosses 60000 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 April 2023 around 17,084.87 tonnes of jeera was exported as against 19,456.02 tonnes in March 2023showing a drop of 12.19%.
DHANIYA
Observations
Dhaniya trading range for the day is 6722-6970
Dhaniya gained amid improved export demand but forecast of drier weather in Rajasthan will lead to rise insupplies.
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 9820-10580
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 boostthe ongoing sowing activities
Supplies in Maharashtra and Telangana are likely to increase as farmers are getting fair realization on theirproduce.
In April 2023 around 19,590.87 tonnes of turmeric was exported as against 18,810.47 tonnes in March 2023showing a rise of 4.15%.
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