Sell Jeera May @ 23000 SL 23000 TGT 23700-24000. NCDEX - Kedia Advisory
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Jeera
Jeera trading range for the day is 22900-24140.
Jeera settled flat as there is a possibility of further increase in arrivals pressure.
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 24913.7 Rupees gained by 0.33 percent.
SELL JEERA MAY @ 23000 SL 23000 TGT 23700-24000. NCDEX
Dhaniya
Dhaniya trading range for the day is 7686-8042.
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 @ 7800 SL 7700 TGT 7900-8000. NCDEX
Turmeric
Turmeric trading range for the day is 16908-17784.
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 16576.8 Rupees gained by 1.1 percent.
BUY TURMERIC JUN @ 17200 SL 16800 TGT 17600-17800. NCDEX
