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Jeera

BUY JEERA MAR @ 21000 SL 20700 TGT 21300-21500. NCDEX

Observations

Jeera trading range for the day is 20810-21650.

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

The start of the new crop of cumin in Gujarat has also been delayed by about a month.

Due to unfavourable weather, this time the start of sowing of cumin in Gujarat and Rajasthan was delayed by about a month.

In Unjha, a major spot market, the price ended at 21481.6 Rupees dropped by -0.16 percent.

Dhaniya 

BUY DHANIYA APR @ 8200 SL 8100 TGT 8300-8400. NCDEX

Observations

Dhaniya trading range for the day is 8100-8312.

Dhaniya gains on low level buying 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 7726.25 Rupees gained by 0.49 percent.

Turmeric

BUY TURMERIC APR @ 12800 SL 12500 TGT 13100-13300. NCDEX

Observations

Turmeric trading range for the day is 12718-13154.

Turmeric settled flat as arrival of new turmeric crop has started.

Turmeric area was recorded as 3.30 lakh hectares, which is 10 percent more than the area of about 3 lakh hectares.

In Nanded, there is a possibility of a 10 to 15 percent decline in the productivity of turmeric.

In Nizamabad, a major spot market, the price ended at 13022.9 Rupees gained by 0.57 percent.