Buy Turmeric Apr @ 14800 SL 14600 TGT 15100-15300. NCDEX - Kedia Advisory
Jeera
BUY JEERA APR @ 22800 SL 22500 TGT 23200-23500. NCDEX
Observations
Jeera trading range for the day is 21880-23600.
Jeera gained amid price support from domestic demand, as well as export activity from Gulf countries.
The current season is expected to have similar production levels as last year due to better crop conditions and good sowing.
Jeera exports during Apr - Dec 2024, rose by 70.72 percent at 165,084.40 tonnes as compared to 96,701.43 tonnes exported during Apr- Dec 2023.
In Unjha, a major spot market, the price ended at 22542.2 Rupees gained by 0.48 percent.
Dhaniya
BUY DHANIYA APR @ 7900 SL 7800 TGT 8000-8100. NCDEX
Observations
Dhaniya trading range for the day is 7724-8140.
Dhaniya gained on short covering after 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 7780.7 Rupees gained by 0.43 percent.
Turmeric
BUY TURMERIC APR @ 14800 SL 14600 TGT 15100-15300. NCDEX
Observations
Turmeric trading range for the day is 13792-15480.
Turmeric rose as lower-than-expected arrivals restricted supplies, leading to strong buying interest.
Exports continued to pick up in the second half of 2024, with shipments reaching a four-year high.
New crop yields are expected to be 10-15% lower this year, with the Nanded region particularly affected.
In Nizamabad, a major spot market, the price ended at 14256.65 Rupees gained by 5.22 percent.
