Buy Turmeric Aug @ 16000 SL 15700 TGT 16400-16600. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 27610-29970.
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 28949.4 Rupees dropped by -0.3 percent.
BUY JEERA JUL @ 28200 SL 27800 TGT 28600-28900. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7140-7476.
Dhaniya 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 7411.15 Rupees gained by 0.01 percent.
BUY DHANIYA JUL @ 7250 SL 7150 TGT 7350-7450. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 15352-17292.
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 17475.75 Rupees dropped by -1.5 percent.
BUY TURMERIC AUG @ 16000 SL 15700 TGT 16400-16600. NCDEX
