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JEERA

Observations

Jeera trading range for the day is 27940-31660.

Jeera prices dropped due to higher production prospects

In Gujarat, Cumin sowing witnessed very strong growth by nearly 103% with 530,030.00 hectares against sown area of 2022 Stockists are showing interest

in buying on recent downfall in prices triggering short covering.

In Unjha, a major spot market, the price ended at 33356.15 Rupees dropped by -0.84 percent.

SELL JEERA JAN @ 29500 SL 30000 TGT 29000-28500. NCDEX

DHANIYA

Observations

Dhaniya trading range for the day is 6910-7402.

Dhaniya dropped amid huge stocks with farmers and stockists. However, downside seen limited due to slower sowing progress for the upcoming season.

In Gujarat, Coriander sowing fall by nearly -47% with 114,832.00 hectares against sown area of 2022. In

Gondal, a major spot market, the price ended at 7569.45 Rupees dropped by -0.21 percent.

BUY DHANIYA JAN @ 7100 SL 7000 TGT 7200-7300. NCDEX

TURMERIC

Observations

Turmeric trading range for the day is 13898-14358.

Turmeric dropped as buying activities has been slower in expectation of commencement of new crops.

Pressure also seen amid improved crop condition due to favorable weather condition.

However, downside seen limited due to the potential for yield losses caused by the crop's unfavourable weather.

In Nizamabad, a major spot market, the price ended at 13300.7 Rupees dropped by -0.09 percent.

BUY TURMERIC APR @ 14100 SL 13800 TGT 14400-14600. NCDEX