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JEERA

Observations

Jeera trading range for the day is 28160-30180.

Jeera 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 30823.45 Rupees gained by 0.18 percent.

BUY JEERA JUN @ 29200 SL 28800 TGT 29600-29900. NCDEX

DHANIYA

Observations

Dhaniya trading range for the day is 7372-7868.

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 7597.9 Rupees gained by 0.52 percent.

BUY DHANIYA JUN @ 7600 SL 7500 TGT 7720-7820. NCDEX

TURMERIC

Observations

Turmeric trading range for the day is 17736-19560.

Turmeric prices gained as farmers are holding back stocks.

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 17667.35 Rupees gained by 2.04 percent.

BUY TURMERIC JUN @ 18800 SL 18500 TGT 19200-19600. NCDEX