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Jeera

Jeera trading range for the day is 56990-59370.

Jeera prices dropped in wake of improved global supply condition.

Cheaper availability of Syria and jeera in global market will lead to fall in export demand from India in coming days.

However, downside seen limited as supply is limited due to the rainy environment.

In Unjha, a major spot market, the price ended at 59891.8 Rupees dropped by -0.12 percent.

SELL JEERA SEP @ 58000 SL 58400 TGT 57500-57200. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7212-7608.

Dhaniya prices dropped due to subdued buying and adequate stocks will millers

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 Gondal, a major spot market, the price ended at 7502.4 Rupees gained by 0.04 percent.

BUY DHANIYA SEP @ 7300 SL 7200 TGT 7400-74500. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 15644-16820.

Turmeric prices gained amid limited availability of quality produce in the market.

Sowing activities almost completed in Maharashtra and likely to pick up in Andhra Pradesh and Tamil Nadu

In Jun 2023 around 18,356.57 tonnes was exported as against 19827.86 tonnes in May 2023 showing a drop of 7.42%.

In Nizamabad, a major spot market, the price ended at 14749.2 Rupees gained by 3.31 percent.

BUY TURMERIC OCT @ 16000 SL 15800 TGT 16300-16500. NCDEX

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