Buy Turmeric Apr @ 14200 SL 13900 TGT 14500-14700. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 23720-24300.
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 24448.75 Rupees dropped by -0.12 percent.
BUY JEERA JAN @ 23900 SL 23600 TGT 24200-24500. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7716-7876.
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 7696.9 Rupees gained by 0.27 percent.
BUY DHANIYA JAN @ 7800 SL 7700 TGT 7900-8000. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13302-14602.
Turmeric dropped as turmeric crop is reported to be in good to excellent condition, with minimal weather-related disruptions.
However downside seen limited on strong buying activity amid reports of low supplies till the arrival of new crop.
In Indonesia, dry weather has accelerated harvesting, which is currently at peak levels.
In Nizamabad, a major spot market, the price ended at 13874.75 Rupees gained by 0.38 percent.
BUY TURMERIC APR @ 14200 SL 13900 TGT 14500-14700. NCDEX
