IGI Logo

Jeera

Observations

Jeeraunjha trading range for the day is 61470-63580

Jeera dropped on profit booking after prices gained 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 @ 62000 SL 61600 TGT 62600-63000. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7342-7694

Dhaniya settled flat on profit booking after prices gained amid improved export and domestic demand

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 @ 7500 SL 7400 TGT 7600-7700. NCDEX

Turmeric

TMCFGRNZM trading range for the day is 15652-18372

Turmeric gains due to lower sowing acreage and lower ending stocks

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 Oct 2023 @ 17200 SL 16900 TGT 17600-17800. NCDEX

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer