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Jeera

BUY JEERA APR @ 20700 SL 20400 TGT 21000-21200. NCDEX

Observations

Jeera trading range for the day is 20720-21020.

Jeera dropped as demand is low and the current export business is being met from the available stock.

However, only 3-4 lakh bags are expected to be traded by the end of the season, leaving a carry-forward stock of about 16 lakh bags.

However downside seen limited as the start of the new crop of cumin in Gujarat has been delayed by about a month.

In Unjha, a major spot market, the price ended at 21150.2 Rupees dropped by -0.04 percent.

Dhaniya 

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

Observations

Dhaniya trading range for the day is 7902-8006.

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 7752.85 Rupees gained by 0.7 percent.

Turmeric

BUY TURMERIC APR @ 11650 SL 11400 TGT 11900-12100. NCDEX

Observations

Turmeric trading range for the day is 11582-12042.

Turmeric dropped as arrival of new turmeric crop has started.

However downside seen limited as new crop yields are expected to be 10-15% lower this year

Turmeric exports during Apr - Nov 2024, jump by 9.80 percent at 121,601.21 tonnes as compared to 110,745.34 tonnes exported during Apr - Nov 2023.

In Nizamabad, a major spot market, the price ended at 12399.85 Rupees dropped by -1.43 percent.