Buy Dhaniya May @ 7800 SL 7700 TGT 7900-8000. NCDEX - Kedia Advisory
Jeera
SELL JEERA MAY @ 24500 SL 24800 TGT 24100-23800. NCDEX
Observations
Jeera trading range for the day is 23530-25110.
Jeera dropped on profit booking after prices gained amid price support from domestic demand, as well as export activity.
The current season is expected to have similar production levels as last year due to better crop conditions and good sowing.
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 24514.85 Rupees gained by 0.25 percent
Dhaniya
BUY DHANIYA MAY @ 7800 SL 7700 TGT 7900-8000. NCDEX
Observations
Dhaniya trading range for the day is 7664-8116.
Dhaniya 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 7773.15 Rupees gained by 0.83 percent.
Turmeric
SELL TURMERIC MAY @ 14400 SL 14700 TGT 14000-13800. NCDEX
Observations
Turmeric trading range for the day is 13220-14752.
Turmeric dropped on profit booking after prices gained as lower-than-expected arrivals restricted supplies.
Exports continued to pick up in the second half of 2024, with shipments reaching a four-year high.
New crop yields are expected to be 10-15% lower this year, with the Nanded region particularly affected.
In Nizamabad, a major spot market, the price ended at 14187.45 Rupees dropped by -0.95 percent.
