IGI Logo

Jeera

Observations

Jeera trading range for the day is 24710-25470.

Jeera gains on short covering as Middle East tension boosts jeera exports from Gujarat.

Tensions in the Middle East has resulted in good export business from Gujarat

The arrival of Ramzan earlier this year will increase domestic consumption.

In Unjha, a major spot market, the price ended at 25545.8 Rupees dropped by -0.06 percent.

BUY JEERA NOV @ 25000 SL 24700 TGT 25300-25600. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7256-7628.

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 7378.55 Rupees dropped by -0.3 percent.

BUY DHANIYA NOV @ 7450 SL 7350 TGT 7550-7650. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 13468-13868.

Turmeric prices gained amid reports of crop damage due to heavy rains.

Turmeric exports during Apr-Aug 2024, dropped by 6.46 percent at 77,584.70 tonnes compared to Apr-Aug 2023.

India’s festival season demand is expected to surge, particularly with CAIT forecasting 48 lakh marriages in the upcoming season.

In Nizamabad, a major spot market, the price ended at 13819.25 Rupees dropped by -0.31 percent.

BUY TURMERIC DEC @ 13600 SL 13300 TGT 13900-14200. NCDEX