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Jeera

Observations

Jeera trading range for the day is 24930-25630.

Jeera gains on short covering as Middle East tension boosts jeera exports from Gujarat.

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 25526.65 Rupees dropped by -0.21 percent.

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

Dhaniya

Observations

Dhaniya trading range for the day is 7412-7580.

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

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 7407.25 Rupees dropped by -0.29 percent.

BUY DHANIYA NOV @ 7400 SL 7300 TGT 7500-7600. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 13510-14186.

Turmeric prices gained 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-Aug2023.

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

In Nizamabad, a major spot market, the price ended at 14011.5 Rupees gained by 1.39 percent

BUY TURMERIC DEC @ 13600 SL 13300 TGT 14000-14300. NCDEX