IGI Logo

Jeera

Observations

Jeeraunjha trading range for the day is 58150-60520

Jeera dropped on profit booking after 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 @ 59000 SL 58500 TGT 59600-60000. NCDEX

Dhaniya.

Observations

Dhaniya trading range for the day is 7548-8200

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 @ 7750 SL 7650 TGT 7880-8000. NCDEX

Turmeric

Observations

TMCFGRNZM trading range for the day is 14482-15954

Turmeric prices gained 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 @ 15100 SL 14800 TGT 15500-15800. 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