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JEERA

Observations

Jeera trading range for the day is 24940-25540.

Jeera prices dropped as arrival has increased.

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 25520.8 Rupees gained by 0.03 percent.

BUY JEERA DEC @ 25100 SL 24800 TGT 25400-25600. NCDEX

DHANIYA

Observations

Dhaniya trading range for the day is 7190-7386.

Dhaniya dropped on profit booking after 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 7370.7 Rupees dropped by -0.35 percent.

BUY DHANIYA DEC @ 7250 SL 7150 TGT 7350-7450. NCDEX

TURMERIC

Observations

Turmeric trading range for the day is 12892-13848.

Turmeric gains on short covering after prices dropped due to lower demand amid a rise in arrivals.

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 13589.2 Rupees gained by 0.27 percent.

BUY TURMERIC DEC @ 13200 SL 12800 TGT 13600-13700. NCDEX