Buy Turmeric Jun @ 18400 SL 18000 TGT 18800-19000. NCDEX - Kedia Advisory
JEERA
Observation
Jeera trading range for the day is 24520-26000.
Jeera dropped as there is a possibility of further increase in arrivals pressure in the market.
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 Jodhpur, a major spot market, the price ended at 26500 Rupees dropped by 0 percent.
BUY JEERA JUN @ 25000 SL 24600 TGT 25400-25600. NCDEX
DHANIYA
Observation
Dhaniya trading range for the day is 7316-7472.
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 Kota, a major spot market, the price ended at 7565.2 Rupees gained by 0.99 percent.
BUY DHANIYA JUN @ 7350 SL 7250 TGT 7450-7550. NCDEX
TURMERIC
Observation
Turmeric trading range for the day is 18450-19090.
Turmeric dropped as new arrivals are expected from the Marathwada region in Maharashtra.
However, downside seen limited amid below normal supplies and active festive demand.
The Ministry of Agriculture first advance estimate for turmeric production in 2023-24 is estimated at 10.74 lakh tonnes
In , a major spot market, the price ended at Rupees dropped by percent.
BUY TURMERIC JUN @ 18400 SL 18000 TGT 18800-19000. NCDEX
