Buy Turmeric Dec @ 13300 SL 13000 TGT 13600-13800. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 24330-25310.
Jeera prices dropped as it is estimated that 30 percent of cumin is still available with the farmers.
Tensions in the Middle East has resulted in good export business from Gujarat
The arrival of Ramzan earlier this year will increase domestic consumption.
In Unjha, a major spot market, the price ended at 25574 Rupees dropped by -0.08 percent.
BUY JEERA NOV @ 24800 SL 24500 TGT 25200-25500. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7306-7598.
Dhaniya dropped on profit booking after prices gained as India’s festival season demand is expected to surge
Sowing has been delayed due to excessive soil moisture, limiting future supply.
Lower carryover stocks at production centers further tighten the market.
In Gondal, a major spot market, the price ended at 7384.5 Rupees dropped by -0.39 percent.
BUY DHANIYA NOV @ 7350 SL 7250 TGT 7450-7550. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 12974-13978.
Turmeric dropped due to lower demand amid a rise in arrivals.
Turmeric exports during Apr- July 2024, dropped by 13.97 percent at 61,609.83 tonnes compared Apr- July 2023
India’s festival season demand is expected to surge, particularly with CAIT forecasting 48 lakh marriages in the upcoming season.
In Nizamabad, a major spot market, the price ended at 13861.7 Rupees dropped by -0.55 percent.
BUY TURMERIC DEC @ 13300 SL 13000 TGT 13600-13800. NCDEX
