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Jeera

Observations

Jeera trading range for the day is 25090-25710.

Jeera gains on short covering 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 30173.3 Rupees dropped by -0.15 percent.

BUY JEERA MAR @ 25200 SL 24800 TGT 25600-25800. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7420-7620.

Dhaniya gains amid lower sowing and robust export demand.

However, upside seen limited amid huge stocks with farmers and stockists.

In Nov 2023 around 3,058.06 tonnes of dhaniya was exported as against 3,918.54 tonnes in Oct 2023 showing a drop of 21.96%.

In Nov 2023 around 7,320.13 tonnes of dhaniya was imported as against 4,511.95 tonnes in Oct 2023 showing a rise of 62.23%.

BUY DHANIYA APR @ 7500 SL 7400 TGT 7600-7700. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 14800-15816.

Turmeric prices dropped as buying activities has been slower ahead of new crops.

Delayed harvesting of new crop and tighter ending stocks is likely to keep market sentiments up

Export has been slow down in recent months and expected to increase in wake of series of festivals ahead.

In Nizamabad, a major spot market, the price ended at 13882.45 Rupees gained by 0.32 percent.

BUY TURMERIC APR @ 15100 SL 14800 TGT 15500-15700. NCDEX