Jeeraunjha trading range for the day is 62370-64370 - Kedia Advisory
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Jeera
Observations
Jeeraunjha trading range for the day is 62370-64370
Jeera dropped on profit booking after 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 @ 62500 SL 62000 TGT 63200-63800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7262-7710
Dhaniya 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 Sep 2023 @ 7450 SL 7350 TGT 7600-7700. NCDEX
Turmeric
TMCFGRNZM trading range for the day is 15258-17338
Turmeric gains 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.
BUY TURMERIC Oct 2023 @ 16200 SL 15900 TGT 16600-16800. NCDEX
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