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Jeera

Observations

Jeera trading range for the day is 41360-44080.

Jeera gains on short covering after prices dropped as favorable condition for crop will boost the overall sowing activities.

The upcoming sowing of jeera that is expected to remain normal due to favorable weather condition.

Stockists are showing interest in buying on recent downfall in prices triggering short covering.

In Unjha, a major spot market, the price ended at 45429.75 Rupees gained by 0.04 percent.

BUY JEERA DEC @ 42700 SL 42200 TGT 43400-44000. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7796-8292.

Dhaniya dropped amid huge stocks with farmers and stockists.

However, downside seen limited amid improved export and reports of slower sowing.

Support also seen increased festive buying along with robust export demand.

In Gondal, a major spot market, the price ended at 7446.95 Rupees gained by 0.48 percent.

BUY DHANIYA DEC @ 8000 SL 7900 TGT 8100-8200. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 12108-13716.

Turmeric dropped after PM Modi's

Turmeric Board in Telangana sparks farmer concerns in Maharashtra over HQ location.

In Sep 2023 around 9,085.81 tonnes exported as against 11,322.58 tonnes in Aug 2023 showing a drop of 19.75%.

Expectations for a 20–25 percent decline in turmeric seeding this year

In Nizamabad, a major spot market, the price ended at 13401.15 Rupees dropped by -1.11 percent.

SELL TURMERIC DEC @ 12800 SL 13100 TGT 12500-12200. NCDEX