Buy Turmeric Dec @ 13000 SL 12700 TGT 13300-13500. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 23610-24630.
Jeera dropped as arrival has increased and on an average, 15,000 to 16,000 bags of cumin are coming daily in Unjha.
There is a possibility of 25 percent reduction in cumin sowing in Gujarat
Carryover stock of 20 lakh bags of cumin is estimated in the new season
In Unjha, a major spot market, the price ended at 24992.9 Rupees dropped by -0.31 percent.
BUY JEERA NOV @ 23900 SL 23600 TGT 24200-24500. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7212-7288.
Dhaniya prices gained as India’s festival season demand is expected to surge
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 7398.5 Rupees dropped by -0.01 percent.
BUY DHANIYA NOV @ 7200 SL 7100 TGT 7300-7400. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 12964-13328.
Turmeric prices dropped due to lower demand amid a rise in arrivals.
Pressure also seen as the expected acreage for the upcoming season is estimated to be 30-35% higher than last year
Recent weather conditions, which include dry weather followed by light rains, are benefiting crop growth.
In Nizamabad, a major spot market, the price ended at 13775 Rupees dropped by -0.97 percent.
BUY TURMERIC DEC @ 13000 SL 12700 TGT 13300-13500. NCDEX
