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Jeera

Observations

Jeera trading range for the day is 24820-25320.

Jeera prices dropped as arrival has increased and around 15,000 to 16,000 bags are coming daily in Unjha.

There is a possibility of 25 percent reduction in cumin sowing in Gujarat

Carryover stock of 20 lakh bags of cumin is estimated in the new season

In Unjha, a major spot market, the price ended at 25525.15 Rupees gained by 0.05 percent.

BUY JEERA NOV @ 24800 SL 24400 TGT 25200-25500. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7222-7438.

Dhaniya dropped on profit booking after prices gained as India’s festival season demand is expected to surge

Sowing has been delayed due to excessive soil moisture, limiting future supply.

Lower carryover stocks at production centers further tighten the market.

In Gondal, a major spot market, the price ended at 7392 Rupees gained by 0.04 percent.

BUY DHANIYA NOV @ 7300 SL 7200 TGT 7400-7500. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 13426-13830.

Turmeric dropped due to lower demand amid a rise in arrivals.

Pressure also seen as the expected acreage for the upcoming season is estimated to be 30-35% higher than last year

India’s festival season demand is expected to surge, particularly with CAIT forecasting 48 lakh marriages in the upcoming season.

In Nizamabad, a major spot market, the price ended at 14025.4 Rupees gained by 0.07 percent.

BUY TURMERIC DEC @ 13400 SL 13100 TGT 13700-13800. NCDEX