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Jeera

Observations

Jeera trading range for the day is 55020-58780.

Jeera dropped due to profit booking amid demand due to sluggish export demand.

Global demand of Indian jeera slumped as most of buyers preferred other destinations like Syria and Turkey

Export is likely to remain down in upcoming months as per the export seasonality.

In Unjha, a major spot market, the price ended at 58153.05 Rupees dropped by -0.5 percent.

BUY JEERA NOV @ 56000 SL 55500 TGT 56800-57400. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 6902-7206.

Dhaniya gains on low level buying after prices dropped as huge stocks with farmers and stockists

Dhaniya exports during Apr-Aug 2023, rose by 261.69 percent at 67,120.65 tonnes as compared to Apr-Aug 2022.

India's increased coriander production has led to a decline in the country's imports from other coriander-producing nations.

In Gondal, a major spot market, the price ended at 7124.6 Rupees gained by 0.23percent

BUY DHANIYA NOV @ 7000 SL 6900 TGT 7100-7200. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 13680-14620. T

urmeric dropped due to profit booking amid improved crop condition due to favorable weather condition.

However downside seen limited due to the potential for yield losses caused by the crop's anticipated unfavourable October weather.

Support is also evident for improved export opportunities.

In Nizamabad, a major spot market, the price ended at 13686.2 Rupees dropped by -1.05 percent

BUY TURMERIC DEC @ 14000 SL 13700 TGT 14400-14600. NCDEX