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Jeera

BUY JEERA SEP @ 19000 SL 18700 TGT 19300-19500. NCDEX

Observations

Jeera trading range for the day is 18860-19200.

Jeera prices dropped due to weak domestic post retail season.

Only 3-4 lakh bags are expected to be traded by the end of the season, leaving a carry-forward stock of about 16 lakh bags

Total arrivals witnessed a marginal increase to 12,000 bags (55 kg each) as against 11,800 bags on the previous day.

In Unjha, a major spot market, the price ended at 19276.2 Rupees gained by 0.16 percent.

Dhaniya

SELL DHANIYA SEP @ 7900 SL 8000 TGT 7800-7700. NCDEX

Observations

Dhaniya trading range for the day is 7776-7932.

Dhaniya prices gains due to shortage of good quality stocks in the market.

Total coriander arrivals rose to 14,100 bags (each 40 kg) as against 13,100 bags in the previous session.

A large amount of old stock coming into the market as well as new crop weighed on prices.

In Gondal, a major spot market, the price ended at 7800.4 Rupees dropped by -0.32 percent.

Turmaric

BUY TURMERIC OCT @ 13300 SL 13100 TGT 13500-13700. NCDEX

Observations

Turmeric trading range for the day is 13134-13662.

Turmeric dropped amid increase in acreage due to favourable rains during the current sowing season.

However downside seen limited as turmeric stocks held by farmers in Warangal are nearly depleted.

Market participants are closely monitoring weather patterns and crop conditions.

In Nizamabad, a major spot market, the price ended at 13760.05 Rupees dropped by -0.4 percent.