Sell Turmeric OCT @ 21200 SL 21500 TGT 20800-20600. NCDEX - Kedia Advisory
JEERA
SELL JEERA SEP @ 21100 SL 21400 TGT 20800-20500. NCDEX
Observations
Jeera trading range for the day is 20760-21420.
Jeera dropped as farmers are aggressively liquidating Jeera stocks to generate immediate cash flow.
Favorable weather in North-West India allowed farmers to complete harvesting and drying faster than expected, accelerating the delivery timeline.
Large industrial spice grinders are staying away from bulk purchases, waiting for the market to bottom out.
In Unjha, a major spot market, the price ended at 20730.15 Rupees dropped by -0.48 percent.
DHANIYA
SELL DHANIYA OCT @ 16300 SL 16600 TGT 16000-15700. NCDEX
Observations
Dhaniya trading range for the day is 15616-16616.
Dhaniya gains as latest industry reports confirm a third consecutive year of declining production.
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 15673.5 Rupees gained by 0.84 percent.
TURMERIC
SELL TURMERIC OCT @ 21200 SL 21500 TGT 20800-20600. NCDEX
Observations
Turmeric trading range for the day is 19290-22178.
Turmeric dropped on profit booking as revival of monsoon activity in mid-July eased dry-weather fears.
Re-sowing completed in North Karnataka following rainfall, crop conditions improve.
NCDEX raised additional/special margins by 7.50% on turmeric futures contracts to curb excessive volatility.
In Nizamabad, a major spot market, the price ended at 20398.9 Rupees dropped by -1.62 percent.
