Turmeric futures (Apr) is likely to face resistance near 6025&6125 levels taking negative cues from the spot markets.
The arrival
of turmeric has been increased. Just three markets opened would be conducted during this month till Friday, so some turmeric
farmers have brought more turmeric bags for their local expenses. But the traders did not quote increased price as they are having
very few demand from the North India. Jeera futures (Apr) is likely to witness consolidation in the range of 15830 levels with
upside getting capped. Jeera arrivals in Unjha, the benchmark market in Gujarat, doubled from Friday to 45,000 bags (1 bag = 55
kg), traders said. The surge in arrivals was because markets will be shut for a week from Mar 27 due to financial year-end holidays.
Coriander futures (Apr) is likely to move higher & test 6845 levels tracking key markets in Rajasthan, where prices rose due to
higher demand from domestic stockists. This season the crop in Gujarat is likely to be down by 52% to 38,890 tonnes, with
acreage of 30,500 hectares. The largest grower, Madhya Pradesh, will also see coriander output at 1,16,510 tonnes, down 15%
over last year. This season, the farmers have avoided this crop and turned to jeera or fennel seed instead. Cardamom futures (Apr)
is expected to surge towards 1640 levels. The spot prices are increasing due to higher demand from northern India amid low
inventories. Prices are expected to remain firm as high temperature in cardamom growing regions is likely to hit production,
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