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Jeera

Observations

Jeeraunjha trading range for the day is 62200-64600

Jeera prices gains as supply is limited due to the rainy environment.

However, the cumin market is currently facing slow export and domestic demand.

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 Sep 2023 @ 63000 SL 62500 TGT 63800-64500. NCDEX

Dhaniya.

Observations

Dhaniya trading range for the day is 7198-7918

Dhaniya dropped on profit booking after prices rose 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 Sep 2023 @ 7450 SL 7350 TGT 7550-7650. NCDEX

Turmeric

Observations

TMCFGRNZM trading range for the day is 14926-18770

Turmeric dropped on profit booking after prices above 16500 level

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.

SELL TURMERIC Oct 2023 @ 16600 SL 16900 TGT 16000-15600. NCDEX

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