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Jeera

Observations

Jeera trading range for the day is 24080-27540.

Jeera prices dropped due to higher production prospects

In Gujarat, Cumin sowing witnessed very strong growth by nearly 103% with 530,030.00 hectares against sown area of 2022

Stockists are showing interest in buying on recent downfall in prices triggering short covering.

In Unjha, a major spot market, the price ended at 31003.1 Rupees dropped by -0.05 percent.

BUY JEERA MAR @ 25300 SL 24900 TGT 25800-26000. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7412-7692.

Dhaniya gained on low level buying after prices dropped amid huge stocks

However, downside seen limited amid lower sowing and robust export demand.

In Nov 2023 around 3,058.06 tonnes of dhaniya was exported as against 3,918.54 tonnes in Oct 2023 showing a drop of 21.96%

In Nov 2023 around 7,320.13 tonnes of dhaniya was imported as against 4,511.95 tonnes in Oct 2023 showing a rise of 62.23%.

BUY DHANIYA APR @ 7500 SL 7400 TGT 7600-7700. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 14188-15436.

Turmeric prices gained supported by reduced supplies.

Delayed harvesting of new crop and tighter ending stocks is likely to keep market sentiments up

Export has been slow down in recent months and expected to increase in wake of series of festivals ahead.

In Nizamabad, a major spot market, the price ended at 13886.4 Rupees gained by 0.01 percent.

BUY TURMERIC APR @ 14800 SL 14500 TGT 15200-15400. NCDEX