Buy Turmeric Apr @ 12600 SL 12400 TGT 12800-13000. NCDEX - Kedia Advisory
Jeera
BUY JEERA APR @ 21400 SL 21100 TGT 21700-22000. NCDEX
Observations
Jeera trading range for the day is 20980-21980.
Jeera gained amid price support from domestic demand, as well as export activity from Gulf countries after Ramadan.
Supply trends remain crucial, as near-term supplies remain tight due to limited arrivals from Rajasthan.
The start of the new crop of cumin in Gujarat has been delayed by about a month.
In Unjha, a major spot market, the price ended at 21396.8 Rupees dropped by -0.32 percent.
Dhaniya
BUY DHANIYA APR @ 7900 SL 7800 TGT 8000-8100. NCDEX
Observations
Dhaniya trading range for the day is 7816-8016.
Dhaniya prices settled flat 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 7711.85 Rupees gained by 0.53 percent.
Turmeric
BUY TURMERIC APR @ 12600 SL 12400 TGT 12800-13000. NCDEX
Observations
Turmeric trading range for the day is 12132-13188.
Turmeric gained as lower-than-expected arrivals restricted supplies, leading to strong buying interest.
Exports continued to pick up in the second half of 2024, with shipments reaching a four-year high.
New crop yields are expected to be 10-15% lower this year, with the Nanded region particularly affected.
In Nizamabad, a major spot market, the price ended at 12683.7 Rupees gained by 2.02 percent.
