Buy Turmeric Jun @ 18000 SL 17700 TGT 18400-18600. NCDEX - Kedia Advisory
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JEERA
Observation
Jeera trading range for the day is 26470-28010.
Jeera prices gained as arrival pace has started to slow 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 28608.55 Rupees gained by 0.67 percent.
BUY JEERA JUN @ 27000 SL 26600 TGT 27500-27800. NCDEX
DHANIYA
Observation
Dhaniya trading range for the day is 7152-7396.
Dhaniya 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 7437.7 Rupees dropped by -0.23 percent.
BUY DHANIYA JUN @ 7200 SL 7100 TGT 7300-7400. NCDEX
TURMERIC
Observation
Turmeric trading range for the day is 17862-18894.
Turmeric prices dropped amid profit booking and as increase in supplies at the end of harvesting season.
However, downside seen limited as farmers are holding back stocks in anticipation of a further rise.
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 17429.3 Rupees dropped by -1.16 percent.
BUY TURMERIC JUN @ 18000 SL 17700 TGT 18400-18600. NCDEX
