Sell Turmeric Jun @ 14600 SL 14900 TGT 14300-14100. NCDEX - Kedia Advisory
Jeera
SELL JEERA JUN @ 22000 SL 22300 TGT 21700-21500. NCDEX
Observations
Jeera trading range for the day is 21620-22160.
Jeera dropped due to lower buying from domestic buyers and subdued export demand.
Pressure also seen due to comfortable supplies and tepid export interest amid adequate existing stocks.
In Feb 2025 around 12,996.88 tonnes of jeera were exported as against 17,083.31 tonnes in Jan 2025 showing a drop of 23.92%.
In Unjha, a major spot market, the price ended at 22325.2 Rupees dropped by -0.32 percent.
Dhaniya
BUY DHANIYA JUN @ 7050 SL 6950 TGT 7150-7250. NCDEX
Observations
Dhaniya trading range for the day is 6880-7204.
Dhaniya gained on short covering after prices dropped due to higher arrivals
Total coriander arrivals declined significantly to 34,400 bags as against 40,700 bags recorded in the previous session.
A large amount of old stock coming into the market as well as new crop weighed on prices.
In Gondal, a major spot market, the price ended at 7147.6 Rupees gained by 0.4 percent.
Turmeric
SELL TURMERIC JUN @ 14600 SL 14900 TGT 14300-14100. NCDEX
Observations
Turmeric trading range for the day is 14238-14734.
Turmeric dropped due to increased arrivals and owing to weak export enquiries.
Total arrivals rose to around 57,500 quintals, up significantly from 29,860 quintals in the previous session.
However downside seen limited as persistent concerns about low arrivals and lower production estimates.
In Nizamabad, a major spot market, the price ended at 14576.95 Rupees gained by 0.12 percent.
