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Jeera

Observations

Jeera trading range for the day is 35090-38290.

Jeera prices dropped as there has been a two and a half times increase in the sowing in Gujarat this year.

An increase in sowing of about 13 percent has been recorded in the area of cumin in Rajasthan.

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

In Unjha, a major spot market, the price ended at 39900.2 Rupees dropped by -1.8 percent.

BUY JEERA JAN @ 36000 SL 35500 TGT 36700-37200. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7368-7684.

Dhaniya on profit booking after prices 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 7804.85 Rupees gained by 0.24 percent.

BUY DHANIYA DEC @ 7400 SL 7300 TGT 7500-7600. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 14332-15004.

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 13266.25 Rupees dropped by -0.28 percent.

BUY TURMERIC APR @ 14500 SL 14300 TGT 14750-14900. NCDEX