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Jeera

Observations

Jeeraunjha trading range for the day is 57200-61010

Jeera dropped on profit booking after rise seen as arrivals decreased due to heavy rainfall.

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 @ 58500 SL 58000 TGT 59300-59800. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7270-8070

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 Aug 2023 @ 7450 SL 7350 TGT 7550-7650. NCDEX

Turmeric

Observations

TMCFGRNZM trading range for the day is 13444-14500

Turmeric prices rose driven by consistent demand and supply shortage

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 @ 13750 SL 13550 TGT 14100-14300. NCDEX

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