BUY TURMERIC APR @ 14800 SL 14400 TGT 15300-15500. NCDEX - Kedia Advisory
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JEERA
Jeera trading range for the day is 36280-39580.
Jeera prices gained as prices witnessed short covering in wake of tighter ending stocks.
An increase in sowing of about 13 percent has been recorded in the area of cumin in Rajasthan.
Stockists are showing interest in buying on recent downfall in prices triggering short covering.
In Unjha, a major spot market, the price ended at 38302.25 Rupees gained by 0.43 percent.
BUY JEERA JAN @ 38000 SL 37500 TGT 38600-39000. NCDEX
DHANIYA
Dhaniya trading range for the day is 7480-7776.
Dhaniya prices gained amid improved export and reports of slower sowing.
Support also seen increased festive buying along with robust export demand.
In Gujarat, Coriander sowing drastic fall nearly -64% with 56,737.00 hectares against sown area of 2022
In Gondal, a major spot market, the price ended at 7802.25 Rupees dropped by -0.49 percent.
BUY DHANIYA JAN @ 7600 SL 7500 TGT 7700-7800. NCDEX
TURMERIC
Turmeric trading range for the day is 13958-15766.
Turmeric gains due to the potential for yield losses caused by the crop's unfavourable weather.
In Sep 2023 around 9,085.81 tonnes exported as against 11,322.58 tonnes in Aug 2023 showing a drop of 19.75%.
Expectations for a 20–25 percent decline in turmeric seeding this year
In Nizamabad, a major spot market, the price ended at 13198.85 Rupees gained by 0.7 percent.
BUY TURMERIC APR @ 14800 SL 14400 TGT 15300-15500. NCDEX
