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Jeera

Observations

Jeeraunjha trading range for the day is 56200-58950

Jeera dropped on profit booking after prices gained amid less stock and good demand.

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%.

SELL JEERA Aug 2023 @ 57800 SL 58300 TGT 57200-56800. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 6804-6956

Dhaniya dropped as improvement in weather scenario will result in supply to increase as overall production is high.

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%.

SELL DHANIYA Aug 2023 @ 6950 SL 7050 TGT 6850-6750. MCX

Turmeric

Observations

TMCFGRNZM trading range for the day is 10940-12424

Turmeric gains driven by demand from the domestic and export market

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 @ 11600 SL 11400 TGT 12000-12200. NCDEX

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