Sell Dhaniya NOV @ 7000 SL 7100 TGT 6900-6850. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 44440-51840.
Jeera dropped due to profit booking amid subdued demand due to sluggish export demand.
Jeera exports during Apr-Aug 2023, dropped by 23.76 percent at 69,779.04 tonnes
Export is likely to remain down in upcoming months as per the export seasonality.
In Unjha, a major spot market, the price ended at 49698.25 Rupees dropped by -2.52 percent
SELL JEERA NOV @ 47500 SL 48200 TGT 46600-46000. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6864-7092.
Dhaniya prices settled down as huge stocks with farmers and stockists
Dhaniya exports during Apr-Aug 2023, rose by 261.69 percent at 67,120.65 tonnes as compared to Apr-Aug 2022.
India's increased coriander production has led to a decline in the country's imports from other coriander-producing nations.
In Gondal, a major spot market, the price ended at 7125.25 Rupees dropped by -0.58 percent
SELL DHANIYA NOV @ 7000 SL 7100 TGT 6900-6850. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 12690-13634.
Turmeric dropped amid improved crop condition due to favorable weather condition.
However downside seen limited due to the potential for yield losses Expectations for a 20–25 percent decline in turmeric seeding this year
In Nizamabad, a major spot market, the price ended at 13377.25 Rupees dropped by -1.09 percent
BUY TURMERIC DEC @ 13000 SL 12700 TGT 13400-12600. NCDEX