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 25780-26320.
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 26182.85 Rupees dropped by -0.07 percent.
BUY JEERA SEP @ 25800 SL 25400 TGT 26300-26600. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6956-7096.
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 7156.3 Rupees dropped by -0.12 percent.
BUY DHANIYA SEP @ 7000 SL 6900 TGT 7100-7200. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 16170-16658.
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 16155.8 Rupees dropped by -0.03 percent.
BUY TURMERIC OCT @ 16300 SL 16000 TGT 16600-16800. NCDEX
