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Jeera

BUY JEERA APR @ 21300 SL 21000 TGT 21600-21900. NCDEX

Observations

Jeera trading range for the day is 20440-22040.

Jeera gains as the start of the new crop of cumin in Gujarat has been delayed by about a month.

However upside seen limited as demand is low and the current export business is being met from the available stock.

Jeera exports during Apr-Dec 2024, rose by 70.72 percent at 165,084.40 tonnes as compared to 96,701.43 tonnes exported during Apr- Dec 2023

In Unjha, a major spot market, the price ended at 21219.1 Rupees dropped by -0.05 percent.

Dhaniya 

BUY DHANIYA APR @ 7900 SL 7800 TGT 8000-8100. NCDEX

Observations

Dhaniya trading range for the day is 7786-8014.

Dhaniya gains on low level buying after prices dropped due to heavy arrivals and weak demand.

A large amount of old stock coming into the market as well as preparation for new crop weighed on prices.

Coriander arrivals in Gujarat reached 9,250 bags, much higher than the usual 500-700 bags.

In Gondal, a major spot market, the price ended at 7699.45 Rupees gained by 0.5 percent.

Turmeric

BUY TURMERIC APR @ 12300 SL 12100 TGT 12600-12800. NCDEX

Turmeric trading range for the day is 11600-12860.

Turmeric gained as new crop yields are expected to be 10-15% lower this year

Support also seen amid concerns over slow growth of rhizomes and low yield estimates persist.

However upside seen limited as arrival of new turmeric crop has started.

In Nizamabad, a major spot market, the price ended at 12432.35 Rupees gained by 1.56 percent.