Buy Turmeric Aug @ 15600 SL 15300 TGT 16000-16300. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 25620-27680.
Jeera gains amid robust domestic and export demand besides tight global supplies.
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 26291.7 Rupees dropped by -0.55 percent.
BUY JEERA AUG @ 26500 SL 26100 TGT 27000-27500. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7156-7280.
Dhaniya prices settled flat 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 7300.15 Rupees gained by 0.43 percent.
BUY DHANIYA AUG @ 7200 SL 7100 TGT 7300-7400. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 15534-16082.
Turmeric prices settled down 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 16363.4 Rupees dropped by -1.15 percent.
BUY TURMERIC AUG @ 15600 SL 15300 TGT 16000-16300. NCDEX
