Jeera trading range for the day is 60460-62820 - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 60460-62820.
Jeera prices remained under pressure in wake of improved global supply condition.
Cheaper availability of Syria and jeera in global market will lead to fall in export demand from India in coming days.
The market is expecting a lower yield and quality of jeera this season
In Unjha, a major spot market, the price ended at 61253.65 Rupees dropped by -0.13 percent.
SELL JEERA SEP @ 61900 SL 62300 TGT 61300-61000. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7318-7594.
Dhaniya dropped 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 Gondal, a major spot market, the price ended at 7526.55 Rupees dropped by -0.88 percent.
SELL DHANIYA SEP @ 7500 SL 7600 TGT 7400-7300. NCDEX
Turmeric
Turmeric trading range for the day is 16570-17378.
Turmeric gains amid limited availability of quality produce in the market.
Sowing activities almost completed in Maharashtra and likely to pick up in Andhra Pradesh and Tamil Nadu
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%.
In Nizamabad, a major spot market, the price ended at 14403.05 Rupees dropped by -1.05 percent.
BUY TURMERIC OCT @ 16700 SL 16400 TGT 17100-17300. NCDEX
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