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Jeera:

Observations:

Jeera trading range for the day is 25990-28070.

Jeera 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 32027.85 Rupees gained by 0.02 percent.

BUY JEERA MAR @ 26600 SL 26200 TGT 27300-27600. NCDEX

Dhaniya:

Observations:

Dhaniya trading range for the day is 7590-8094.

Dhaniya dropped amid huge stocks with farmers and stockists.

However, downside seen limited amid lower sowing and robust export demand.

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 @ 7800 SL 7700 TGT 7900-8000. NCDEX

Turmeric:

Observations:

Turmeric trading range for the day is 14416-16580.

Turmeric gained because of short covering supported by reduced supplies.

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 13913.65 Rupees dropped by -0.52 percent.

BUY TURMERIC APR @ 15500 SL 15200 TGT 15800-16000. NCDEX