Buy Turmeric Aug @ 15900 SL 15600 TGT 16300-16600. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 28300-29380.
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 28661.95 Rupees dropped by -0.35 percent.
SELL JEERA JUL @ 29200 SL 29600 TGT 28700-28400. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7150-7330.
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 7385 Rupees gained by 0.45 percent.
BUY DHANIYA JUL @ 7200 SL 7100 TGT 7300-7400. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 15760-16848.
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 17410.95 Rupees dropped by -0.02 percent.
BUY TURMERIC AUG @ 15900 SL 15600 TGT 16300-16600. NCDEX
