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Jeera

Observations

Jeeraunjha trading range for the day is 58370-62940

Jeera dropped on profit booking after prices rose 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%.

BUY JEERA Aug 2023 @ 59700 SL 59200 TGT 60600-61200. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 6984-7692

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 @ 7200 SL 7100 TGT 7320-7420. NCDEX

Turmeric

Observations

TMCFGRNZM trading range for the day is 11426-12742

Turmeric fell on profit booking after supply concerns drove prices up

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 @ 12000 SL 11800 TGT 12250-12400. NCDEX

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