Buy Jeera Aug 2023 @ 60200 SL 59500 TGT 61000-61600. NCDEX - Kedia Advisory
Jeera
Observations
Jeeraunjha trading range for the day is 56990-62540
Jeera prices gained 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 @ 60200 SL 59500 TGT 61000-61600. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6798-7510
Dhaniya gained amid improved export demand and also domestic demand at lower levels.
The lower price levels and higher stocks have significantly boosted coriander exportsin 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 11594-12822
Turmeric gains driven by demand from the domestic and export market
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 @ 11800 SL 11500 TGT 12200-12400. NCDEX
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer