Sell Turmeric Apr @ 13200 SL 13500 TGT 12900-12700. NCDEX - Kedia Advisory
Jeera
SELL JEERA APR @ 21800 SL 22200 TGT 21400-21200. NCDEX
Observations
Jeera trading range for the day is 21590-22430.
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 21944.4 Rupees dropped by -0.12 percent.
Dhaniya
BUY DHANIYA APR @ 7950 SL 7850 TGT 8050-8150. NCDEX
Observations
Dhaniya trading range for the day is 7838-8138.
Dhaniya gains on short covering after 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 7761.6 Rupees gained by 0.1 percent.
Turmeric
SELL TURMERIC APR @ 13200 SL 13500 TGT 12900-12700. NCDEX
Observations
Turmeric trading range for the day is 12978-13778.
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 13334.15 Rupees gained by 2.59 percent.
