BuyTurmeric Aug @ 15600 SL 15300 TGT 15900-16200. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 28120-28860.
Jeera dropped as the expectation of higher production could 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 28666.15 Rupees dropped by -0.44 percent.
SELL JEERA AUG @ 28800 SL 29200 TGT 28300-28000. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7216-7388.
Dhaniya prices 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 7361.95 Rupees dropped by -0.23 percent.
BUY DHANIYA AUG @ 7250 SL 7150 TGT 7350-7450. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 15490-16390.
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 17243.65 Rupees dropped by -0.96 percent.
BUY TURMERIC AUG @ 15600 SL 15300 TGT 15900-16200. NCDEX
