Buy Turmeric Apr @ 12400 SL 12100 TGT 12700-12900. NCDEX - Kedia Advisory
Jeera
BUY JEERA MAR @ 20600 SL 20300 TGT 20900-21200. NCDEX
Observations
Jeera trading range for the day is 20240-21340.
Jeera dropped as demand is low and the current export business is being met from the available stock.
However downside seen limited as the start of the new crop of cumin in Gujarat has been delayed by about a month.
Jeera exports during Apr-Nov 2024, rose by 74.04 percent to 147,006.20 tonnes compared to 84,467.16 tonnes during Apr-Nov 2023.
In Unjha, a major spot market, the price ended at 20750.05 Rupees dropped by -0.61 percent.
Dhaniya
BUY DHANIYA APR @ 8100 SL 8000 TGT 8200-8300. NCDEX
Observations
Dhaniya trading range for the day is 8098-8282.
Dhaniya prices dropped due to heavy arrivals and weak demand.
A large amount of old stock coming into the market as well as preparation for new crop weighed on prices.
Coriander arrivals in Gujarat reached 9,250 bags, much higher than the usual 500-700 bags.
In Gondal, a major spot market, the price ended at 7751.1 Rupees gained by 0.64 percent.
Turmeric
BUY TURMERIC APR @ 12400 SL 12100 TGT 12700-12900. NCDEX
Observations
Turmeric trading range for the day is 11992-13296.
Turmeric dropped as arrival of new turmeric crop has started.
However downside seen limited as new crop yields are expected to be 10-15% lower this year.
Turmeric area was recorded as 3.30 lakh hectares, which is 10 percent more than the area of about 3 lakh hectares
In Nizamabad, a major spot market, the price ended at 12849.9 Rupees dropped by -1.71 percent.
