Buy Dhaniya Apr @ 7850 SL 7750 TGT 7950-8050. NCDEX - Kedia Advisory
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Jeera
Jeera trading range for the day is 23920-25120.
Jeera gains on low level buying after prices dropped as there is a possibility of further increase in arrivals pressure.
There will be a huge increase in cumin exports, which will reach about 14-15 thousand tonnes in February 2024.
New arrivals have started in Gujarat since last 20-25 days and new arrivals have started in Rajasthan also since last 15 days
In Unjha, a major spot market, the price ended at 24998.7 Rupees dropped by -0.16 percent.
BUY JEERA APR @ 24000 SL 23700 TGT 24500-24800. NCDEX
Dhaniya
Dhaniya trading range for the day is 7808-8004.
Dhaniya gains on low level recovery after 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 Nov 2023 around 7,320.13 tonnes of dhaniya was imported as against 4,511.95 tonnes in Oct 2023 showing a rise of 62.23%.
BUY DHANIYA APR @ 7850 SL 7750 TGT 7950-8050. NCDEX
Turmeric
Turmeric trading range for the day is 16404-17228.
Turmeric prices dropped as new arrivals are expected from the Marathwada region in Maharashtra.
New crop supply has increased by over 25% in parts of Tamil Nadu, Telangana, and Andhra Pradesh
The Ministry of Agriculture first advance estimate for turmeric production in 2023-24 is estimated at 10.74 lakh tonnes
In Nizamabad, a major spot market, the price ended at 16395.9 Rupees gained by 0.2 percent.
BUY TURMERIC APR @ 16500 SL 16200 TGT 16800-17200. NCDEX
