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Jeera:

Observations:

Jeera trading range for the day is 26910-29110.

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 32407 Rupees dropped by -0.03 percent.

BUY JEERA MAR @ 27500 SL 27000 TGT 28000-28200. NCDEX

Dhaniya:

Observations:

Dhaniya trading range for the day is 7956-8112.

Dhaniya gains due to slower sowing progress for the upcoming season.

Dhaniya dropped 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 @ 8000 SL 7900 TGT 8120-8250. NCDEX

Turmeric:

Observations:

Turmeric trading range for the day is 15140-16736.

Turmeric gains amid weaker production prospects and tighter stocks in the market.

While Support is also evident for improved export opportunities.

However, upside seen limited as buying activities has been slower in expectation new crops.

In Nizamabad, a major spot market, the price ended at 13829.35 Rupees gained by 0.54 percent.

BUY TURMERIC APR @ 15800 SL 15500 TGT 16200-16400. NCDEX

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