Buy Turneric Aug @ 17800 SL 17400 TGT 18200-18500. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 26410-28190. 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 28074.85 Rupees gained by 0.46 percent.
BUY JEERA JUL @ 27200 SL 26800 TGT 27600-28000. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7348-7508. Dhaniya settled flat 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 Gondal, a major spot market, the price ended at 7453.55 Rupees dropped by -0.15 percent.
BUY DHANIYA JUL @ 7350 SL 7250 TGT 7450-7550. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 17324-18408. Turmeric settled flat as farmers are holding back stocks in anticipation of a further rise. 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 18120 Rupees gained by 0.05 percent.
BUY TURMERIC AUG @ 17800 SL 17400 TGT 18200-18500. NCDEX
