Buy Turmeric Dec @ 13300 SL 13000 TGT 13700-13900. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 25600-26160.
Jeera prices dropped as the expectation of higher production weighed on the prices.
However downside seen limited amid robust domestic and export demand besides tight global supplies.
Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double.
In Unjha, a major spot market, the price ended at 26249.75 Rupees gained by 0.09 percent.
BUY JEERA NOV @ 25800 SL 25500 TGT 26200-26500. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7332-7484.
Dhaniya settled flat dropped amid good arrivals in major markets.
Dhaniya exports during Apr-July 2024, dropped by 69.65 percent at 16,962.47 tonnes as compared to Apr-July 2023.
Traders are reporting decline in yield highlighting the challenges faced in coriander cultivation
In Gondal, a major spot market, the price ended at 7337.75 Rupees gained by 0.76 percent.
BUY DHANIYA NOV @ 7350 SL 7250 TGT 7450-7550. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13322-13990.
Turmeric prices dropped due to lower demand amid a rise in arrivals.
However downside seen limited amid reports of crop damage due to heavy rains in Nanded and Hingoli areas.
Turmeric sowing on the Erode line is reported to be double as compared to last year
In Nizamabad, a major spot market, the price ended at 14154 Rupees dropped by -0.99 percent.
BUY TURMERIC DEC @ 13300 SL 13000 TGT 13700-13900. NCDEX
