Turmeric trading range for the day is 14994-16586 - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 56450-60790.
Jeera gained as supply is limited due to the rainy environment.
However, upside seen limited 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.
In Unjha, a major spot market, the price ended at 60409 Rupees gained by 0.22 percent.
BUY JEERA SEP @ 58800 SL 58400 TGT 59400-59800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7074-7414.
Dhaniya gained on low level buying after 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 7530.55 Rupees gained by 0.27 percent.
BUY DHANIYA SEP @ 7200 SL 7100 TGT 7300-7400. NCDEX
Turmeric
Turmeric trading range for the day is 14994-16586.
Turmeric dropped on profit booking after prices gained amid limited availability
Sowing activities almost completed in Maharashtra and likely to pick up in Andhra Pradesh and Tamil Nadu
In Jun 2023 around 18,356.57 tonnes was exported as against 19827.86 tonnes in May 2023 showing a drop of 7.42%.
In Nizamabad, a major spot market, the price ended at 14146.85 Rupees dropped by -1.78 percent.
SELL TURMERIC OCT @ 16000 SL 16300 TGT 15700-15500. NCDEX
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