Buy Turmeric JUN @ 17000 SL 16700 TGT 17400-17600. NCDEX - Kedia Advisory
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JEERA
Observations
Jeera trading range for the day is 26850-30650.
Jeera gained 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 28636.2 Rupees dropped by -0.02 percent.
BUY JEERA JUN @ 28700 SL 28300 TGT 29200-29600. NCDEX
DHANIYA
Observations
Dhaniya trading range for the day is 7300-7504.
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 7467.7 Rupees dropped by -0.06 percent.
BUY DHANIYA JUN @ 7350 SL 7250 TGT 7450-7550. NCDEX
TURMERIC
Observations
Turmeric trading range for the day is 15706-18570.
Turmeric prices gained as farmers are holding back stocks in anticipation of a further rise.
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 17965.2 Rupees dropped by -0.08 percent.
BUY TURMERIC JUN @ 17000 SL 16700 TGT 17400-17600. NCDEX
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