Buy Turmeric Jun @ 16800 SL 16400 TGT 17400-17800. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 26530-29750.
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 28635.05 Rupees gained by 0.31 percent.
BUY JEERA JUN @ 28500 SL 28000 TGT 29200-29500. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7326-7510.
Dhaniya prices dropped due to good arrivals in major markets.
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 7535.4 Rupees dropped by -0.05 percent.
BUY DHANIYA JUN @ 7350 SL 7250 TGT 7450-7550. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 16546-18338.
Turmeric dropped amid increase in supplies at the end of harvesting season.
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 18116 Rupees gained by 0.43 percent.
BUY TURMERIC JUN @ 16800 SL 16400 TGT 17400-17800. NCDEX
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