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08-08-2024 12:04 PM | Source: Kedia Advisory
Buy Dhaniya Sep @ 7000 SL 6900 TGT 7100-7200. NCDEX - Kedia Advisory

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Jeera

Observations

Jeera trading range for the day is 25510-26210.

Jeera gains amid robust domestic and export demand besides tight global supplies.

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 26118.15 Rupees dropped by -0.08 percent.

 

Dhaniya

Observations

Dhaniya trading range for the day is 6884-7140.

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 7163.55 Rupees dropped by -0.16 percent.

BUY DHANIYA SEP @ 7000 SL 6900 TGT 7100-7200. NCDEX

 

Turmeric

Observations

Turmeric trading range for the day is 16278-16674.

Turmeric prices dropped amid news of increased sowing

Turmeric sowing on the Erode line is reported to be double as compared to last year.

Turmeric was sown in about 3/3.25 lakh hectares in the country last year, which is estimated to increase to 3.75/4 lakh hectares this year.

In Nizamabad, a major spot market, the price ended at 16161.05 Rupees dropped by -0.29 percent.

BUY TURMERIC OCT @ 16300 SL 16000 TGT 16600-16800. NCDEX

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