Buy Turmeric JUN @ 18300 SL 18000 TGT 18800-19200. NCDEX - Kedia Advisory
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JEERA
Observations
Jeera trading range for the day is 27420-29140.
Jeera dropped on profit booking after prices rose 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 28815.1 Rupees dropped by -0.15 percent.
SELL JEERA JUN @ 28600 SL 28900 TGT 28000-27600. NCDEX
DHANIYA
Observations
Dhaniya trading range for the day is 7382-7634.
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 7570.55 Rupees dropped by -0.15 percent.
BUY DHANIYA JUN @ 7450 SL 7350 TGT 7550-7650. NCDEX
TURMERIC
Observations
Turmeric trading range for the day is 17822-20302.
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 18230.4 Rupees dropped by -0.57 percent
BUY TURMERIC JUN @ 18300 SL 18000 TGT 18800-19200. NCDEX
