Buy Turmeric Jun @ 16000 SL 15700 TGT 16400-16800. NCDEX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Jeera
Jeera trading range for the day is 21160-22460.
Jeera dropped as there is a possibility of further increase in arrivals pressure in the market.
There will be a huge increase in cumin exports, which will reach about 14-15 thousand tonnes in February 2024.
New arrivals have started in Gujarat since last 20-25 days and new arrivals have started in Rajasthan also since last 15 days.
In Unjha, a major spot market, the price ended at 23062.15 Rupees dropped by -1.04 percent.
BUY JEERA MAY @ 21300 SL 20800 TGT 21800-22200. NCDEX
Dhaniya
Dhaniya trading range for the day is 7322-7562.
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 Nov 2023 around 7,320.13 tonnes of dhaniya was imported as against 4,511.95 tonnes in Oct 2023 showing a rise of 62.23%.
BUY DHANIYA MAY @ 7400 SL 7300 TGT 7500-7600. NCDEX
Turmeric
Turmeric trading range for the day is 15824-16704.
Turmeric gains amid below normal supplies and active festive demand.
New crop supply has increased by over 25% in parts of Tamil Nadu, Telangana, and Andhra Pradesh
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 16000.3 Rupees gained by 0.42 percent.
BUY TURMERIC JUN @ 16000 SL 15700 TGT 16400-16800. NCDEX
