06-08-2024 11:33 AM | Source: Kedia Advisory
Buy Jeera Aug @ 26100 SL 25700 TGT 26600-26800. NCDEX - Kedia Advisory

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Jeera.

Observations

Jeera trading range for the day is 26070-26730.

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 26186.8 Rupees dropped by -0.9 percent.

 

BUY JEERA AUG @ 26100 SL 25700 TGT 26600-26800. NCDEX

 

Dhaniya

Observations

Dhaniya trading range for the day is 6950-7258.

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 7292.45 Rupees gained by 0.11 percent.

 

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

 

Turmeric

Observations

Turmeric trading range for the day is 15510-16462.

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 16310.5 Rupees gained by 0.45 percent.

 

BUY TURMERIC AUG @ 15800 SL 15500 TGT 16200-16400. NCDEX

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