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Jeera

Observations

Jeera trading range for the day is 26460-28060.

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 32470.1 Rupees dropped by -0.7 percent.

BUY JEERA MAR @ 26800 SL 26400 TGT 27300-27600. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7700-7952.

Dhaniya gains on short covering after prices dropped amid huge stocks with farmers and stockists.

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 @ 7800 SL 7700 TGT 7900-8000. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 14940-15876.

Turmeric dropped on profit booking after 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 13879.7 Rupees dropped by -0.45 percent.

BUY TURMERIC APR @ 15200 SL 14900 TGT 15600-15800. NCDEX