Buy Dhaniya Jul @ 7350 SL 7250 TGT 7450-7550. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 26300-27720.
Jeera dropped as the expectation of higher production could weigh on the prices.
China's cumin output soared to over 55-60 thousand tons from the previous 28-30 thousand tons.
Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double.
In Unjha, a major spot market, the price ended at 27745.7 Rupees dropped by -1.08 percent.
SELL JEERA JUL @ 27200 SL 27600 TGT 26700-26400. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7276-7564.
Dhaniya settled flat dropped due to good arrivals Daily arrival of 40000 bags witnessed in Ramganj mandi and around 20000 to 30000 bags coming in Kota.
Traders are reporting decline in yield highlighting the challenges faced in coriander cultivation
In Gondal, a major spot market, the price ended at 7472.75 Rupees gained by 0.32 percent.
BUY DHANIYA JUL @ 7350 SL 7250 TGT 7450-7550. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 17092-18748.
Turmeric prices gains as farmers are holding back stocks in anticipation of a further rise.
The current heat wave could severely damage the crop yield, further contributing to the supply crunch.
The Ministry of Agriculture first advance estimate for turmeric production in 2023-24 is estimated at 10.74 lakh
tonnes In Nizamabad, a major spot market, the price ended at 18111.35 Rupees gained by 0.18 percent.
BUY TURMERIC AUG @ 17600 SL 17300 TGT 18000-18200. NCDEX
