Buy Turmeric Aug @ 15300 SL 15100 TGT 15600-15800. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 26270-27230.
Jeera dropped as the expectation of higher production weighed 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 27294.65 Rupees dropped by -0.69 percent.
SELL JEERA AUG @ 27000 SL 27400 TGT 26500-26200. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7184-7272.
Dhaniya gains on low level recovery 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 7291.2 Rupees dropped by -0.02 percent.
BUY DHANIYA AUG @ 7200 SL 7100 TGT 7300-7400. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 14438-16714.
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 16551.7 Rupees dropped by -0.81 percent
BUY TURMERIC AUG @ 15300 SL 15100 TGT 15600-15800. NCDEX
