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JEERA

Observations

Jeera trading range for the day is 22200-23200.

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 24500 Rupees dropped by 0 percent.

BUY JEERA MAY @ 22500 SL 22200 TGT 23100-23400. NCDEX

DHANIYA

Observation

Dhaniya trading range for the day is 7340-7756.

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 @ 7500 SL 7400 TGT 7600-7700. NCDEX

TURMERIC

Observations

Turmeric trading range for the day is 17648-20232.

Turmeric dropped as new arrivals are expected from the Marathwada region in Maharashtra.

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 @ 19000 SL 18800 TGT 19300-19800. NCDEX