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JEERA

BUY JEERA APR @ 22000 SL 21700 TGT 22400-22600. NCDEX

Jeera trading range for the day is 21890-22510

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

The current season is expected to have similar production levels as last year due to better crop conditions and good sowing.

However downside seen limited amid price support from domestic demand, as well as export activity from Gulf countries.

In Unjha, a major spot market, the price ended at 21991.85 Rupees dropped by -0.01 percent.

DHANIYA

BUY DHANIYA APR @ 7800 SL 7700 TGT 7900-8000. NCDEX

Observations

Dhaniya trading range for the day is 7728-7908.

Dhaniya gained on short covering 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 7746.55 Rupees gained by 1.06 percent.

TURMERIC

BUY TURMERIC APR @ 13800 SL 13500 TGT 14200-14500. NCDEX

Turmeric trading range for the day is 13268-14476.

Turmeric rose as lower-than-expected arrivals restricted supplies, leading to strong buying interest.

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 13549.4 Rupees gained by 0.94 percent.