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Jeera

Observations

Jeera trading range for the day is 26860-28560.

Jeera dropped as the expectation of higher production weighed 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 27988.45 Rupees dropped by -0.19 percent.

SELL JEERA AUG @ 27800 SL 28200 TGT 27400-27200. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7196-7368.

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 7336.4 Rupees gained by 0.18 percent.

BUY DHANIYA AUG @ 7200 SL 7100 TGT 7300-7400. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 15252-16628.

Turmeric gains on short covering as farmers are holding back stocks in anticipation of a further rise.

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 16686.05 Rupees gained by 1.16 percent.

BUY TURMERIC AUG @ 16000 SL 15700 TGT 16400-16800. NCDEX