Sell Jeera May@ 25000 SL 25300 TGT 24600-24400. NCDEX - Kedia Advisory
Jeera
SELL JEERA MAY @ 25000 SL 25300 TGT 24600-24400. NCDEX
Observations
Jeera trading range for the day is 23780-25660.
Jeera dropped on profit booking after prices gained amid price support from domestic demand, as well as export activity.
The current season is expected to have similar production levels as last year due to better crop conditions and good sowing.
Jeera exports during Apr - Dec 2024, rose by 70.72 percent at 165,084.40 tonnes as compared to 96,701.43 tonnes exported during Apr- Dec 2023.
In Unjha, a major spot market, the price ended at 24591.55 Rupees dropped by -0.09 percent.
Dhaniya
BUY DHANIYA MAY @ 7950 SL 7850 TGT 8050-8150. NCDEX
Observations
Dhaniya trading range for the day is 7866-8118.
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 7778.95 Rupees gained by 0.26 percent
Turmeric
SELL TURMERIC MAY @ 14400 SL 14700 TGT 14000-13800. NCDEX
Observations
Turmeric trading range for the day is 13232-15212.
Turmeric prices gained as lower-than-expected arrivals restricted supplies
Exports continued to pick up in the second half of 2024, with shipments reaching a four-year high.
New crop yields are expected to be 10-15% lower this year, with the Nanded region particularly affected
In Nizamabad, a major spot market, the price ended at 14324.05 Rupees dropped by -0.26 percent
