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Jeera

Observations

Jeera trading range for the day is 55140-57140.

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 57962.45 Rupees dropped by -0.1 percent.

BUY JEERA SEP @ 55700 SL 55300 TGT 56200-56400. NCDEX

Dhaniya

Observation

Dhaniya trading range for the day is 7108-7376.

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 7438.3 Rupees gained by 0.04 percent.

BUY DHANIYA SEP @ 7250 SL 7150 TGT 7350-7450. NCDEX

Turmeric

Observation

Turmeric trading range for the day is 15658-16786.

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

India exported only 18.3 thousand tonnes in June’23 as compared to 18.5 thousand tonnes of previous year.

Domestic demand remained subdued as most of the arrivals arrived are inferior quality that will keep profit booking intact in turmeric.

In Nizamabad, a major spot market, the price ended at 14631.8 Rupees gained by 0.32 percent.

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

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