Turmeric: Commodity Turmeric futures (April) is expected to trade in the range of 7,450 – 7,615 levels. There was a mixed feel in turmeric trade since spot prices plunged at Erode markets. However, prices at Basmatnagar, Nizamabad and Duggirala markets remained unchanged on account of lackluster business activities.
Due to adequate availability of stock in market place and NCDEX accredited warehouses, the market sentiments are slow in Turmeric.
Jeera: Jeera futures (January) is expected to trade sideways to down in the range of 20,790 – 21, 500 levels. Spot prices of jeera in the major market remained no-change in comparison with previous session due to dull business activities. On technical view, NCDEX Jeera is under new buying since market has seen gain in open interest by 3.70 percent to settle at 8,319, while prices rose Rs.65.00
Coriander: Coriander futures (January) is likely to trade with an upside sentiment in the range of 5,550 -5,750 levels, aided by reports of lower sowing. Coriander sowing has completed in the Madhya Pradesh, Gujrat and Rajasthan and the area sown under spice is recorded lower at 2,59,228 hectares against 4,25,166 ha. in the last year.