Buy Jeera JUN @ 21200 SL 20900 TGT 21500-21800. NCDEX - Kedia Advisory
JEERA
BUY JEERA JUN @ 21200 SL 20900 TGT 21500-21800. NCDEX
Observations
Jeera trading range for the day is 20630-22210.
Jeera prices dropped due to lower buying and weak export demand.
The current season is expected to have similar production levels as last year due to better crop conditions
In Feb 2025 around 12,996.88 tonnes of jeera were exported as against 17,083.31 tonnes in Jan 2025 showing a drop of 23.92%.
In Unjha, a major spot market, the price ended at 21616.4 Rupees dropped by -0.78 percent.
DHANIYA
BUY DHANIYA JUN @ 7050 SL 6950 TGT 7150-7250. NCDEX
Observations
Dhaniya trading range for the day is 7024-7180.
Dhaniya gains on short covering after prices dropped due to higher arrivals
Total coriander arrivals declined significantly to 34,400 bags as against 40,700 bags recorded in the previous session.
A large amount of old stock coming into the market as well as new crop weighed on prices.
In Gondal, a major spot market, the price ended at 7245.75 Rupees gained by 0.29 percent.
TURMERIC
SELL TURMERIC JUN @ 14750 SL 14900 TGT 14400-14200. NCDEX
Observations
Turmeric trading range for the day is 14364-14752.
Turmeric dropped due to increased arrivals and owing to weak export enquiries.
However downside seen limited amid persistent concerns about low arrivals and lower production estimates.
Turmeric exports during Apr – Feb 2025, jump by 11.51 percent at 161,229.56 tonnes as compared to Apr – Feb 2024.
In Nizamabad, a major spot market, the price ended at 14523.65 Rupees dropped by -0.54 percent.
