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Jeera:

Observations:

Jeera trading range for the day is 26430-27830.

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 32493.35 Rupees dropped by -0.19 percent.

BUY JEERA MAR @ 26900 SL 26500 TGT 27400-27800. NCDEX

Dhaniya:

Observations:

Dhaniya trading range for the day is 7678-8114.

Dhaniya prices rose amid lower sowing and robust export demand.

Support also seen increased festive buying along with 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 @ 7900 SL 7800 TGT 8000-8100. NCDEX

Turmeric:

Observations:

Turmeric trading range for the day is 14360-15980.

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 13675.25 Rupees gained by 0.57 percent.

BUY TURMERIC APR @ 15200 SL 14800 TGT 15600-15900. NCDEX