Buy Jeera Jul @ 28000 SL 27600 TGT 28500-28800. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 27710-28670.
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 28938 Rupees dropped by -0.33 percent.
BUY JEERA JUL @ 28000 SL 27600 TGT 28500-28800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7480-7656.
Dhaniya gains on short covering after 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 7563.1 Rupees dropped by -0.2 percent.
BUY DHANIYA JUL @ 7500 SL 7400 TGT 7600-7700. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 17902-18598.
Turmeric settled flat on profit booking after prices gained as farmers are holding back stocks.
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 18220.25 Rupees dropped by -0.07 percent.
BUY TURMERIC AUG @ 18100 SL 17800 TGT 18500-18800. NCDEX
