Buy Turmeric Aug @ 15700 SL 15300 TGT 16100-16400. NCDEX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Jeera
Observations
Jeera trading range for the day is 26550-27130.
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 26771 Rupees dropped by -0.29 percent.
BUY JEERA AUG @ 26500 SL 26100 TGT 27000-27400. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7172-7328.
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 7310.85 Rupees dropped by 0 percent.
BUY DHANIYA AUG @ 7200 SL 7100 TGT 7300-7400. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 15172-16584.
Turmeric gains as farmers are holding back stocks in anticipation of a further rise.
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 16382.3 Rupees gained by 1.73 percent.
BUY TURMERIC AUG @ 15700 SL 15300 TGT 16100-16400. NCDEX
