Sell Jeera Apr @ 21800 SL 22200 TGT 21400-21200. NCDEX - Kedia Advisory
Jeera
SELL JEERA APR @ 21800 SL 22200 TGT 21400-21200. NCDEX
Observations
Jeera trading range for the day is 21330-21930.
Jeera gained amid price support from domestic demand, as well as export activity from Gulf countries.
Supply trends remain crucial, as near-term supplies remain tight due to limited arrivals from Rajasthan.
The start of the new crop of cumin in Gujarat has been delayed by about a month.
In Unjha, a major spot market, the price ended at 21493.85 Rupees dropped by -0.09 percent.
Dhaniya
SELL DHANIYA APR @ 8000 SL 8100 TGT 7900-7800. NCDEX
Observations
Dhaniya trading range for the day is 7926-8066.
Dhaniya prices dropped due to heavy arrivals and weak demand.
A large amount of old stock coming into the market as well as preparation for new crop weighed on prices.
Coriander arrivals in Gujarat reached 9,250 bags, much higher than the usual 500-700 bags.
In Gondal, a major spot market, the price ended at 7770.3 Rupees dropped by 0 percent.
Turmeric
SELL TURMERIC APR @ 13200 SL 13500 TGT 12900-12700. NCDEX
Observations
Turmeric trading range for the day is 12364-13556.
Turmeric gained as lower-than-expected arrivals restricted supplies, leading to strong buying interest.
Strong demand supported by positive export trends lifted prices in key trading hubs.
Meanwhile, exports continued to pick up in the second half of 2024, with shipments reaching a four-year high.
In Nizamabad, a major spot market, the price ended at 12998 Rupees gained by 1.82 percent.
