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JEERA

Observations

Jeera trading range for the day is 45080-46760.

Jeera dropped as adequate soil moisture, and favorable weather condition for crop will boost the overall sowing activities.

The upcoming sowing of jeera that is expected to remain normal due to favorable weather condition.

Stockists are showing interest in buying on recent downfall in prices triggering short covering.

In Unjha, a major spot market, the price ended at 47041.95 Rupees gained by 0.31 percent.

BUY JEERA DEC @ 45500 SL 45000 TGT 46400-47000. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7990-8634.

Dhaniya gains amid improved export and reports of slower sowing.

Support also seen increased festive buying along with robust export demand.

In Gujarat, Coriander sowing drastic fall nearly -64% with 56,737.00 hectares against sown area of 2022

In Gondal, a major spot market, the price ended at 8133.2 Rupees gained by 0.62 percent.

BUY DHANIYA DEC @ 8250 SL 8150 TGT 8400-8500. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 12486-13558.

Turmeric dropped as buying activities has been slower in expectation of release of stocks

In Sep 2023 around 9,085.81 tonnes exported as against 11,322.58 tonnes in Aug 2023 showing a drop of 19.75%.

Expectations for a 20–25 percent decline in turmeric seeding this year

In Nizamabad, a major spot market, the price ended at 13663.15 Rupees gained by 1.95 percent.

BUY TURMERIC DEC @ 12700 SL 12300 TGT 13200-13500. NCDEX