Dhaniya trading range for the day is 7178-7470- Kedia Advisory
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Jeera
Observations
Jeeraunjha trading range for the day is 58370-60840
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
n 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 @ 59000 SL 58500 TGT 59800-60300. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7178-7470
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 @ 7250 SL 7150 TGT 7350-7450. NCDEX
Turmeric
Observations
TMCFGRNZM trading range for the day is 11766-13398
Turmeric rose as 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 @ 12600 SL 12300 TGT 13000-13200. NCDEX
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