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Jeera

Observations

Jeera trading range for the day is 58870-60350.

Jeera gained as supply is limited due to the rainy environment.

However, upside seen limited 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.

In Unjha, a major spot market, the price ended at 60801.75 Rupees gained by 0.27 percent.

BUY JEERA SEP @ 59200 SL 58700 TGT 59800-60200. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7108-7516.

Dhaniya gained on low level buying after 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 7485.65 Rupees gained by 0.01 percent.

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

Turmeric

Observations

Turmeric trading range for the day is 14944-17284.

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 14134.5 Rupees dropped by -0.09 percent.

BUY TURMERIC OCT @ 16100 SL 15850 TGT 16450-16650. NCDEX

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