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Jeera

Observations

Jeeraunjha trading range for the day is 61890-64090

Jeera 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 @ 62400 SL 62000 TGT 63000-63500. MCX

Dhaniya

Observations

Dhaniya trading range for the day is 7466-7774

Dhaniya 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 @ 7550 SL 7450 TGT 7650-7750. MCX

Turmeric

Observations

TMCFGRNZM trading range for the day is 16396-18180

Turmeric dropped on profit booking after prices gained 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.

SELL TURMERIC OCT 2023 @ 17300 SL 17600 TGT 16800-16600. MCX

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