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JEERA

Observation

Jeera trading range for the day is 26360-28000.

Jeera dropped on profit booking after prices gained as arrival pace has started slowed down.

Global buyers preferred Indian jeera with tightening global supplies.

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 28988.5 Rupees dropped by -0.03 percent.

BUY JEERA JUN @ 26800 SL 26400 TGT 27300-27600. NCDEX

DHANIYA

Observation

Dhaniya trading range for the day is 7356-7532.

Dhaniya gains on short covering after 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 7507.6 Rupees gained by 0.29 percent.

BUY DHANIYA JUN @ 7400 SL 7300 TGT 7500-7600. NCDEX

TURMERIC

Observation

Turmeric trading range for the day is 17342-18858.

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 17483.35 Rupees gained by 0.35 percent.

BUY TURMERIC JUN @ 17800 SL 17500 TGT 18300-18600. NCDEX