BUY TURMERIC AUG @ 15600 SL 15300 TGT 16000-16200. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 26070-27570.
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 27235.3 Rupees dropped by -0.85 percent.
BUY JEERA AUG @ 26400 SL 26100 TGT 26800-27200. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7128-7272.
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 7283 Rupees gained by 0.02 percent.
BUY DHANIYA AUG @ 7150 SL 7050 TGT 7250-7350. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 15638-16198.
Turmeric 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 16369.6 Rupees dropped by -0.95 percent.
BUY TURMERIC AUG @ 15600 SL 15300 TGT 16000-16200. NCDEX
