Jeera trading range for the day is 56450-62730 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Jeera
Observations
Jeera trading range for the day is 56450-62730. Jeera dropped due to improved global supply condition.
Export enquires are subdued at this levels that will put pressure on prices.
Arrivals are also expected to increase, as stockists will release their stocks in fear of further fall in prices.
In Unjha, a major spot market, the price ended at 60666.1 Rupees dropped by -0.51 percent.
SELL JEERA SEP @ 59500 SL 60000 TGT 58800-58500. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7006-7586.
Dhaniya dropped due to subdued buying in local market and adequate stocks will millers
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 Gondal, a major spot market, the price ended at 7543.2 Rupees dropped by -0.09 percent.
SELL DHANIYA SEP @ 7300 SL 7400 TGT 7200-7100. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 15236-17412.
Turmeric dropped on profit booking after prices gained amid limited availability
Sowing activities almost completed in Maharashtra and likely to pick up in Andhra Pradesh and Tamil Nadu
In Jun 2023 around 18,356.57 tonnes was exported as against 19827.86 tonnes in May 2023 showing a drop of 7.42%.
In Nizamabad, a major spot market, the price ended at 14403.05 Rupees dropped by -1.05 percent.
SELL TURMERIC OCT @ 16200 SL 16500 TGT 15900-15700. 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
