Buy Turmeric Oct @ 16000 SL 15700 TGT 16300-16600. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 24620-25740.
Jeera prices dropped as the expectation of higher production weigh on the prices.
China's cumin output soared to over 55-60 thousand tons from the previous 28-30 thousand tons.
Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double.
In Unjha, a major spot market, the price ended at 25991.05 Rupees dropped by -0.05 percent.
BUY JEERA SEP @ 24800 SL 24400 TGT 25200-25600. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6682-6898.
Dhaniya gains on short covering after prices dropped amid lack of adequate demand in both local and export 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 6904.35 Rupees dropped by -0.09 percent.
BUY DHANIYA SEP @ 6750 SL 6650 TGT 6850-6950. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 15480-16536.
Turmeric gains on short covering after prices dropped as demand remains limited, as buyers are reluctant to make purchases.
Pressure also seen amid news of increased sowing.
In Indonesia, dry weather has accelerated harvesting, which is currently at peak levels.
In Nizamabad, a major spot market, the price ended at 16082.15 Rupees gained by 0.79 percent.
BUY TURMERIC OCT @ 16000 SL 15700 TGT 16300-16600. NCDEX
