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10-12-2024 12:16 PM | Source: Kedia Advisory
Buy Turmeric Apr @ 13800 SL 13500 TGT 14200-14400. NCDEX - Kedia Advisory

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Jeera

Observations

Jeera trading range for the day is 23770-24370.

Jeera prices gained as sowing has been delayed.

Higher day temperatures in the past few weeks has impacted the seeding of jeera and has also led to poor germination in various places.

In Gujarat, jeera sowing has taken place in only 57,915 hectares till November 25 during the rabi 2024-25 cropping season.

In Unjha, a major spot market, the price ended at 24432.85 Rupees dropped by -0.16 percent.

BUY JEERA JAN @ 24000 SL 23700 TGT 24300-24500. NCDEX

 

Dhaniya

Observations

Dhaniya trading range for the day is 7684-8000.

Dhaniya dropped on profit booking after prices gained driven by the opening of export markets

Sowing has been delayed due to excessive soil moisture, limiting future supply.

Lower carryover stocks at production centers further tighten the market.

In Gondal, a major spot market, the price ended at 7801.1 Rupees gained by 0.29 percent.

BUY DHANIYA JAN @ 7800 SL 7700 TGT 7900-8000. NCDEX

 

Turmeric

Observations

Turmeric trading range for the day is 13672-14224.

Turmeric dropped as turmeric crop is reported to be in good to excellent condition.

Turmeric arrivals rose to 9,030 bags from 7,965 bags in the previous session.

Although crop acreage has improved, delay in harvesting due to prolonged rains may impact the timelines of fresh supplies.

In Nizamabad, a major spot market, the price ended at 13769.85 Rupees dropped by -1.19 percent.

BUY TURMERIC APR @ 13800 SL 13500 TGT 14200-14400. NCDEX

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