Buy Jeera Aug 2023 @ 59500 SL 59000 TGT 60200-60600. NCDEX - Kedia Advisory
Jeera
Observations
Jeeraunjha trading range for the day is 58170-62270
Jeera dropped on profit booking after rise seen as arrivals 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 @ 59500 SL 59000 TGT 60200-60600. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7440-8124
Dhaniya dropped on profit booking after prices rose 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 @ 7750 SL 7650 TGT 7850-7950. NCDEX
Turmeric
Observations
TMCFGRNZM trading range for the day is 12486-14134
Turmeric prices rose driven by consistent demand and supply shortage
Farmers and stockists are holding onto their stocks in anticipation of price increases due to lower sowing acreage
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%.
Supplies in Maharashtra and Telangana are likely to increase as farmers are getting fair realization on their produce.
BUY TURMERIC Aug 2023 @ 13400 SL 13200 TGT 13650-13850. NCDEX
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