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Jeera

Observations

Jeera trading range for the day is 28700-32600.

Jeera gains on on low level recovery after prices dropped due to higher production prospects

In Gujarat, Cumin sowing witnessed very strong growth by nearly 103% with 530,030.00 hectares against sown area of 2022

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

In Unjha, a major spot market, the price ended at 30983.5 Rupees gained by 0.42 percent.

BUY JEERA JAN @ 30500 SL 30000 TGT 31500-32000. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 6668-7156.

Dhaniya dropped amid huge stocks with farmers and stockists.

However, downside seen limited due to slower sowing progress for the upcoming season.

In Gujarat, Coriander sowing fall by nearly -47% with 114,832.00 hectares against sown area of 2022.

In Gondal, a major spot market, the price ended at 7429 Rupees dropped by -0.7 percent.

BUY DHANIYA JAN @ 6800 SL 6700 TGT 6900-7000. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 13368-14284.

Turmeric prices drop due to slower buying activities and release of stocks.

Pressure on prices due to improved crop condition and favorable weather.

Turmeric exports during Apr-Oct 2023, rose by 2.63 percent at 1,02,162.94 tonnes as compared to Apr-Oct 2022.

In Nizamabad, a major spot market, the price ended at 13156.9 Rupees dropped by -1.07 percent.

BUY TURMERIC APR @ 13600 SL 13400 TGT 13900-14200. NCDEX