Sell Turmeric May @ 14400 SL 14700 TGT 14000-13800. NCDEX - Kedia Advisory
Jeera
SELL JEERA MAY @ 25000 SL 25300 TGT 24600-24400. NCDEX
Observations
Jeera trading range for the day is 23260-25780.
Jeera gained amid price support from domestic demand, as well as export activity from Gulf countries.
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 24632.8 Rupees dropped by -0.08 percent.
Dhaniya
BUY DHANIYA MAY @ 7950 SL 7850 TGT 8050-8150. NCDEX
Observations
Dhaniya trading range for the day is 7744-8380.
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 7787.55 Rupees gained by 0.1 percent.
Turmeric
SELL TURMERIC MAY @ 14400 SL 14700 TGT 14000-13800. NCDEX
Observations
Turmeric trading range for the day is 13546-15390.
Turmeric dropped on profit booking after 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 14361.5 Rupees dropped by -1.73 percent.
