Dhaniya trading range for the day is 7372-7900 - Kedia Advisory
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Jeera
Observations
Jeeraunjha trading range for the day is 58090-65090
Jeera prices rose as arrivals decreased
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 @ 61500 SL 61000 TGT 62200-62800. NCDEX
Dhaniya.
Observations
Dhaniya trading range for the day is 7372-7900
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 @ 7550 SL 7450 TGT 7650-7750. NCDEX
Turmeric
Observations
TMCFGRNZM trading range for the day is 14508-16312
Turmeric gains supported by fall in area and slower sowing progress.
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 @ 15300 SL 15100 TGT 15600-15800. NCDEX
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