Buy Dhaniya Jul @ 7450 SL 7350 TGT 7550-7650. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 27870-28610.
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 29013.05 Rupees dropped by -0.27 percent.
BUY JEERA JUL @ 27800 SL 27400 TGT 28400-28800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7382-7642.
Dhaniya prices 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 7483.35 Rupees gained by 0.13 percent.
BUY DHANIYA JUL @ 7450 SL 7350 TGT 7550-7650. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 17338-18438.
Turmeric prices gained 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 18096.55 Rupees gained by 0.73 percent.
BUY TURMERIC AUG @ 17700 SL 17400 TGT 18200-18500. NCDEX
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