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JEERA

Observations

Jeera trading range for the day is 27700-29180.

Jeera gains as arrival pace has started slowed down as stockists and farmers are reluctant to release their stocks.

Global buyers preferred Indian jeera with tightening global supplies.

New arrivals have started in Gujarat since last 20-25 days and new arrivals have started in Rajasthan also since last 15 days.

In Unjha, a major spot market, the price ended at 28667.8 Rupees dropped by -0.27 percent

BUY JEERA JUN @ 28400 SL 28000 TGT 28800-29100. NCDEX

DHANIYA

Observations

Dhaniya trading range for the day is 7418-7574.

Dhaniya gains on short covering after prices dropped due to good arrivals in major markets.

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 7578.45 Rupees gained by 0.55 percent.

BUY DHANIYA JUN @ 7450 SL 7350 TGT 7550-7650. NCDEX

TURMERIC

Observations

Turmeric trading range for the day is 17932-19248.

Turmeric 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 18140.75 Rupees dropped by -0.49 percent.

BUY TURMERIC JUN @ 18300 SL 18000 TGT 18800-19200. NCDEX