Buy TURMERIC JUN @ 17100 SL 16800 TGT 17600-18000. NCDEX - Kedia Advisory
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JEERA
Observations
Jeera trading range for the day is 21070-22410. Jeera gains as global buyers preferred Indian jeera with tightening global supplies.
There will be a huge increase in cumin exports, which will reach about 14-15 thousand tonnes in February 2024.
New arrivals have started in Gujarat since last 20-25 days and new arrivals have started in Rajasthan also since last 15 days.
In Unjha, a major spot market, the price ended at 23032.8 Rupees gained by 0.78 percent.
BUY JEERA MAY @ 21600 SL 21200 TGT 22100-22400. NCDEX
DHANIYA
Observation
Dhaniya trading range for the day is 7390-7634.
Dhaniya gains on short covering after prices dropped due to good arrivals
Daily arrival of 40000 bags witnessed in Ramganj mandi and around 20000 to 30000 bags coming in Kota.
Traders are reporting decline in yield highlighting the challenges faced in coriander cultivation
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 MAY @ 7500 SL 7400 TGT 7600-7700. NCDEX
TURMERIC
Observations
Turmeric trading range for the day is 16098-17914.
Turmeric gains amid below normal supplies and active festive demand.
New crop supply has increased by over 25% in parts of Tamil Nadu, Telangana, and Andhra Pradesh
The Ministry of Agriculture first advance estimate for turmeric production in 2023-24 is estimated at 10.74 lakh tonnes
In Nizamabad, a major spot market, the price ended at 16323.05 Rupees gained by 2.02 percent.
BUY TURMERIC JUN @ 17100 SL 16800 TGT 17600-18000. NCDEX
