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Jeera

Observations

Jeera trading range for the day is 24950-25350.

Jeera dropped as it is estimated that 30 percent of cumin is still available with the farmers.

Tensions in the Middle East has resulted in good export business from Gujarat

The arrival of Ramzan earlier this year will increase domestic consumption.

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

BUY JEERA NOV @ 25000 SL 24600 TGT 25500-25800. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7306-7482.

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 @ 7350 SL 7250 TGT 7450-7550. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 13364-13956.

Turmeric prices gains amid reports of crop damage due to heavy rains.

Turmeric exports during Apr-Aug 2024, dropped by 6.46 percent at 77,584.70 tonnes compared to Apr-Aug 2023.

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 @ 13600 SL 13300 TGT 14000-14300. NCDEX