Buy Jeera May @ 22000 SL 21600 TGT 22400-22800. NCDEX - Kedia Advisory
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JEERA
Observations
Jeera trading range for the day is 21300-22580.
Jeera dropped as there is a possibility of further increase in arrivals pressure in the market.
There will be a huge increase in cumin exports, which will reach about 14-15 thousand tonnes in February 2024.
New arrivals have started in Gujarat since last 20-25 days and new arrivals have started in Rajasthan also since last 15 days.
In Jodhpur, a major spot market, the price ended at 24000 Rupees dropped by 0 percent.
BUY JEERA MAY @ 22000 SL 21600 TGT 22400-22800. NCDEX
DHANIYA
Observation
Dhaniya trading range for the day is 7388-7564.
Dhaniya prices dropped due to good arrivals
Daily arrival of 40000 bags witnessed in Ramganj mandi and around 20000 to 30000 bags coming in Kota.
Traders are reporting decline in yield highlighting the challenges faced in coriander cultivation
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 MAY @ 7450 SL 7350 TGT 7550-7650. NCDEX
TURMERIC
Observations
Turmeric trading range for the day is 17884-19248.
Turmeric dropped as new arrivals are expected from the Marathwada region.
However, downside seen limited amid below normal supplies and active festive demand.
The Ministry of Agriculture first advance estimate for turmeric production in 2023-24 is estimated at 10.74 lakh tonnes
In , a major spot market, the price ended at Rupees dropped by percent.
BUY TURMERIC JUN @ 18400 SL 18000 TGT 18800-19100. NCDEX
