Buy Turmeric Aug @ 17200 SL 16800 TGT 17600-17900. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 28600-30560.
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 29920.8 Rupees dropped by -0.18 percent.
BUY JEERA JUL @ 29300 SL 28800 TGT 29800-30200. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7256-7560.
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 7461.3 Rupees gained by 0.31 percent.
BUY DHANIYA JUL @ 7350 SL 7250 TGT 7450-7550. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 16830-17770.
Turmeric prices gained as farmers are holding back stocks.
The current heat wave could severely damage the crop yield, further contributing to the supply crunch.
The Ministry of Agriculture first advance estimate for turmeric production in 2023-24 is estimated at 10.74 lakh tonnes
In Nizamabad, a major spot market, the price ended at 17946.4 Rupees dropped by -0.18 percent.
BUY TURMERIC AUG @ 17200 SL 16800 TGT 17600-17900. NCDEX
