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Jeera

Observations

Jeeraunjha trading range for the day is 59020-62090

Jeera rose as arrivals in Gujarat and Rajasthan decreased due to heavy rainfall.

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%.

BUY JEERA Aug 2023 @ 60600 SL 60100 TGT 61200-61600. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7222-7634

Dhaniya gained amid improved export demand and also domestic demand at lower levels.

The lower price levels and higher stocks have significantly boosted coriander exports in May 2023.

India's increased coriander production has led to a decline in the country's imports from other coriander-producing nations.

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%

BUY DHANIYA Aug 2023 @ 7400 SL 7300 TGT 7500-7600. NCDEX

Turmeric

Observations

TMCFGRNZM trading range for the day is 12384-13916

Turmeric rose driven by consistent demand from the domestic market and export.

Farmers and stockists are holding onto their stocks in anticipation of price increases due to lower sowing acreage Supplies 

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%

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

BUY TURMERIC Aug 2023 @ 13000 SL 12750 TGT 13300-13500. NCDEX

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