Buy Turmeric JUN @ 19000 SL 18700 TGT 19400-19600. NCDEX - Kedia Advisory
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JEERA
Observations
Jeera trading range for the day is 23070-25430.
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 Jodhpur, a major spot market, the price ended at 25500 Rupees dropped by 0 percent.
BUY JEERA MAY @ 24200 SL 23800 TGT 24600-25000. NCDEX
TURMERIC
Observations
Turmeric trading range for the day is 18672-19728.
Turmeric dropped as new arrivals are expected from the Marathwada region in Maharashtra.
However, downside seen limited amid below normal supplies and active festive demand.
The Ministry of Agriculture first advance estimate for turmeric production in 2023-24 is estimated at 10.74 lakh tonnes
In , a major spot market, the price ended at Rupees dropped by percent.
BUY TURMERIC JUN @ 19000 SL 18700 TGT 19400-19600. NCDEX
DHANIYA
Observations
Dhaniya trading range for the day is 7306-7522.
Dhaniya 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 @ 7350 SL 7250 TGT 7450-7550. NCDEX
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