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JEERA

BUY JEERA MAR @ 20500 SL 20200 TGT 20800-21000. NCDEX

Observations

Jeera trading range for the day is 20440-21020.

Jeera gained on low level buying after prices dropped as demand is low.

However, 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.

The current season is expected to have similar production levels as last year due to better crop conditions and good sowing.

In Unjha, a major spot market, the price ended at 20940.1 Rupees dropped by -0.37 percent.

DHANIYA

BUY DHANIYA APR @ 8150 SL 8050 TGT 8250-8350. NCDEX

Observations

Dhaniya trading range for the day is 8116-8204.

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 7733.15 Rupees dropped by -0.13 percent

TURMERIC

BUY TURMERIC APR @ 12900 SL 12700 TGT 13100-13300. NCDEX

Observations

Turmeric trading range for the day is 12722-13402.

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 13150.35 Rupees gained by 0.23 percent