Sell Turmeric Aug @ 21000 SL 21300 TGT 20700-20500. NCDEX - Kedia Advisory
Jeera
SELL JEERA AUG @ 21100 SL 21400 TGT 20800-20600. NCDEX
Observations
Jeera trading range for the day is 20610-21490.
Jeera dropped as farmers are aggressively liquidating Jeera stocks to generate immediate cash flow for the Kharif sowing season.
Favorable weather in North-West India allowed farmers to complete harvesting and drying faster than expected, accelerating the delivery timeline.
NCDEX warehouse stocks have shown a steady build-up, reducing the urgency for spot procurement by traders.
In Unjha, a major spot market, the price ended at 20836.85 Rupees dropped by -0.41 percent.
Dhaniya
SELL DHANIYA AUG @ 15200 SL 15400 TGT 15000-14800. NCDEX
Observations
Dhaniya trading range for the day is 14498-15858.
Dhaniya dropped on profit booking amid there is currently a lack of robust buying interest in the physical markets.
2026 output estimated at just 9.5–9.7 million bags, down from 11 million last year.
Carryover stocks have plummeted to 20–25 lakh bags, a significant drop from the 35–36 lakh bags held in 2025.
In Gondal, a major spot market, the price ended at 15531.4 Rupees dropped by -1 percent.
Turmeric
SELL TURMERIC AUG @ 21000 SL 21300 TGT 20700-20500. NCDEX
Observations
Turmeric trading range for the day is 20030-22070.
Turmeric dropped as recent improvements in monsoon rains have slightly eased concerns regarding the upcoming crop.
Traders are closely monitoring whether the improved weather will translate into sustained production.
However, the pace of sowing in the coming weeks will depend largely on the distribution of rainfall, particularly amid concerns over the potential impact of El Niño.
In Nizamabad, a major spot market, the price ended at 20345.9 Rupees gained by 0.47 percent.
