Buy Turmeric Oct @ 16300 SL 16000 TGT 16600-16800 NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 25630-26950.
Jeera gains amid robust domestic and export demand besides tight global supplies.
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 26285.45 Rupees dropped by -0.22 percent.
BUY JEERA SEP @ 26000 SL 25700 TGT 26400-26700. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6822-7282.
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 7094.7 Rupees dropped by -1.4 percent.
BUY DHANIYA SEP @ 6950 SL 6850 TGT 7100-7200. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 16234-16546.
Turmeric prices dropped amid news of increased sowing.
Turmeric sowing on the Erode line is reported to be double as compared to last year.
Turmeric was sown in about 3/3.25 lakh hectares in the country last year, which is estimated to increase to 3.75/4 lakh hectares this year.
In Nizamabad, a major spot market, the price ended at 16201.65 Rupees gained by 0.28 percent.
BUY TURMERIC OCT @ 16300 SL 16000 TGT 16600-16800. NCDEX
