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JEERA

BUY JEERA MAR @ 21000 SL 20700 TGT 21400-21600. NCDEX

Observations

Jeera trading range for the day is 20570-21410

Jeera gained as the start of the new crop of cumin in Gujarat has also been delayed by about a month.

Due to unfavourable weather, this time the start of sowing of cumin was delayed by about a month.

However upside seen limited as demand is low and the current export business is being met from the available stock.

In Unjha, a major spot market, the price ended at 21408.75 Rupees gained by 0.66 percent.

DHANIYA

BUY DHANIYA APR @ 8050 SL 7950 TGT 8150-8250. NCDEX

Observations

Dhaniya trading range for the day is 7996-8244.

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 7685.35 Rupees dropped by -0.26 percent.

TURMERIC

BUY TURMERIC APR @ 12600 SL 12400 TGT 12900-13100. NCDEX

Observations

Turmeric trading range for the day is 12238-13354.

Turmeric prices dropped on weak demand and marginal improvement in arrivals.

New crop yields are expected to be 10-15% lower this year.

Farmers have indicated that the yield may be lower than expected.

In Nizamabad, a major spot market, the price ended at 12929.1 Rupees dropped by -1.68 percent