JeeraBUY JEERA NOV @ 24800 SL 24500 TGT 25200-25500. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 24620-25660.
Jeera prices dropped as it is estimated that 30 percent of cumin is still available with the farmers.
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 25809.85 Rupees dropped by -0.43 percen
BUY JEERA NOV @ 24800 SL 24500 TGT 25200-25500. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7406-7674.
Dhaniya gains as India’s festival season demand is expected to surge, particularly with CAIT forecasting 48lakh marriages.
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 7427.7 Rupees dropped by -0.15 percent.
BUY DHANIYA NOV @ 7450 SL 7350 TGT 7550-7650. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13326-14186.
Turmeric dropped due to lower demand amid a rise in arrivals.
Turmeric exports during Apr- July 2024, dropped by 13.97 percent at 61,609.83 tonnes compared Apr- July2023.
India’s festival season demand is expected to surge, particularly with CAIT forecasting 48 lakh marriages inthe upcoming season.
In Nizamabad, a major spot market, the price ended at 13938.3 Rupees dropped by -0.18 percent
BUY TURMERIC DEC @ 13500 SL 13200 TGT 13800-14000. NCDEX
