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Jeera

Observations

Jeera trading range for the day is 24120-24560.

Jeera dropped on profit booking after 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.

Jeera exports during Apr-Oct 2024, rose by 77.37 percent at 135,450.64 tonnes as compared to Apr-Oct 2023.

In Unjha, a major spot market, the price ended at 24251.15 Rupees dropped by -0.58 percent.

BUY JEERA JAN @ 24200 SL 23800 TGT 24600-24800. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7662-7878.

Dhaniya settled flat 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 7837.75 Rupees dropped by -0.46 percent.

BUY DHANIYA JAN @ 7750 SL 7650 TGT 7850-7950. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 15230-15850.

Turmeric gains on strong buying activity amid reports of low supplies till the arrival of new crop.

However downside seen limited as turmeric crop is reported to be in good to excellent condition.

In Indonesia, dry weather has accelerated harvesting, which is currently at peak levels.

In Nizamabad, a major spot market, the price ended at 14354 Rupees dropped by -0.15 percent.

BUY TURMERIC APR @ 15400 SL 15200 TGT 15600-15800. NCDEX