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Jeera

Observations

Jeeraunjha trading range for the day is 55910-60030

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 6762-7022

Dhaniya dropped on profit booking as forecast of drier weather in Rajasthan will lead to rise in supplies.

Supplies are improving in Rajasthan, likely to witness bumper production in current year.

Carry over stocks of old coriander is around 5-6 lakh bags is estimated to remain

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 10388-11960

Turmeric gains amid decline in kharif sowing acreage this season

However, upside were limited with forecast of good rainfall in Telangana and Maharashtra that will boost the ongoing sowing activities

Supplies in Maharashtra and Telangana are likely to increase as farmers are getting fair realization on their produce

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%.

BUY TURMERIC Aug 2023 @ 11100 SL 10900 TGT 10400-11600. NCDEX

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