Buy Jeera Jun @ 26700 SL 26300 TGT 27300-27600. NCDEX - 03 June
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Jeera
Observations
Jeera trading range for the day is 25970-28970.
Jeera prices dropped on the news that jeera production has seen significant increases globally.
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 28048.55 Rupees dropped by -0.4 percent.
BUY JEERA JUN @ 26700 SL 26300 TGT 27300-27600. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7356-7528.
Dhaniya 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 7531.9 Rupees dropped by -0.25 percent.
BUY DHANIYA JUN @ 7400 SL 7300 TGT 7500-7600. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 17080-18348.
Turmeric dropped amid increase in supplies at the end of harvesting season.
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 18038.25 Rupees dropped by -0.91 percent.
BUY TURMERIC JUN @ 17300 SL 17000 TGT 17700-18000. NCDEX
