IGI Logo

Jeera

Observations

Jeera trading range for the day is 52100-56000.

Jeera prices dropped in wake of improved global supply condition.

Cheaper availability of Syria and jeera in global market will lead to fall in export demand from India in coming days.

However, downside seen limited as supply is limited due to the rainy environment.

In Unjha, a major spot market, the price ended at 56190.2 Rupees dropped by -0.88 percent.

SELL JEERA SEP @ 53800 SL 54300 TGT 53200-52800. NCDEX

Dhaniya

Observation

Dhaniya trading range for the day is 6772-7188.

Dhaniya prices dropped due to subdued buying and adequate stocks will millers

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 Gondal, a major spot market, the price ended at 7187.95 Rupees dropped by -0.51 percent.

SELL DHANIYA SEP @ 7000 SL 7100 TGT 6900-6800. NCDEX

Turmeric

Observation

Turmeric trading range for the day is 13806-15262.

Turmeric dropped on profit booking amid subdued domestic demand at prevailing levels.

India exported only 18.3 thousand tonnes in June’23 as compared to 18.5 thousand tonnes of previous year.

Domestic demand remained subdued as most of the arrivals arrived are inferior quality that will keep profit booking intact in turmeric.

In Nizamabad, a major spot market, the price ended at 13884.3 Rupees dropped by -2.92 percent.

BUY TURMERIC OCT @ 16000 SL 15800 TGT 16300-16500. 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