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JEERA

Observations

Jeera trading range for the day is 26730-30730.

Jeera prices dropped due to higher production prospects

In Gujarat, Cumin sowing witnessed very strong growth by nearly 103% with 530,030.00 hectares against sown area of 2022

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

In Unjha, a major spot market, the price ended at 30983.5 Rupees gained by 0.42 percent.

BUY JEERA MAR @ 27800 SL 27400 TGT 28300-28600. NCDEX

DHANIYA

Observations

Dhaniya trading range for the day is 7694-8082.

Dhaniya dropped amid huge stocks with farmers and stockists.

However, downside seen limited due to slower sowing progress for the upcoming season.

In Gujarat, Coriander sowing fall by nearly -47% with 114,832.00 hectares against sown area of 2022.

In Gondal, a major spot market, the price ended at 7429 Rupees dropped by -0.7 percent.

BUY DHANIYA JAN @ 7800 SL 7700 TGT 7900-8000. NCDEX

TURMERIC

Observations

Turmeric trading range for the day is 13100-13988.

Turmeric dropped as buying activities has been slower ahead of commencement of new crops.

Pressure also seen amid improved crop condition due to favorable weather condition.

Turmeric exports during Apr-Oct 2023, rose by 2.63 percent at 1,02,162.94 tonnes as compared to Apr-Oct 2022.

In Nizamabad, a major spot market, the price ended at 13156.9 Rupees dropped by -1.07 percent.

BUY TURMERIC APR @ 13300 SL 13100 TGT 13600-13800. NCDEX