Choice Commodity Research

Cardamom Update Cardamom farmers in Idukki reported slower capsule maturation, leading to fewer harvests in December and January. Unusually cold weather extended the crop’s maturation cycle from the normal 30–45 days to around 85–90 days. Impact: Positive for Cardamom. -Choice Broking

Sumeet Bagadia's Desk: Commodity Momentum Pick: Sell ELECDMBL - FEB @ 3336, Sell up to 3375, for the Target of 2306, with SL @ 3851

Sumeet Bagadia’s Desk:Sell ELECDMBL|27FEB26 in Commodity @ 3336 SL 3851 TGT 2306.00

*Jeera Prices Update* Jeera prices have surged as delayed sowing and uneven rainfall in Gujarat and Rajasthan slowed crop availability, while frost risks threaten yields. New arrivals remain limited, tightening supply. Meanwhile, exports fell 11% year-on-year to 142,217 tonnes, with export value down 27% to $380.1 million. Impact: Positive for Jeera -Choice Broking

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17FEB26 PE 5800.00 in Commodity @ 257 SL 230 TGT 311.00

Sumeet Bagadia’s Desk : Exit @ 155200...Buy in Commodity GOLDTEN|27FEB26 @ 154983 SL 153374 TGT 158201.00

India Moves Closer to Landmark GCC Free Trade Agreement India has signed the Terms of Reference for a proposed Free Trade Agreement with the six-nation Gulf Cooperation Council—Saudi Arabia, UAE, Oman, Qatar, Kuwait, and Bahrain. Commerce Minister Piyush Goyal said talks spanning two decades could boost trade, investment, jobs, food and energy security, benefiting sectors from agriculture to ICT. -Choice Broking

Sumeet Bagadia’s Desk:Buy GOLDTEN|27FEB26 in Commodity @ 154983 SL 153374 TGT 158201.00

*Crude Oil Update* Brent crude climbed above Rs 5836, up by 1.53% as uncertainty over US–Iran talks revived supply concerns, alerts urging Americans to leave Iran added tension. -Choice Broking

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in SILVERMIC|27FEB26

Sumeet Bagadia’s Desk : Book Part Profit @ 249647...Buy in Commodity SILVERMIC|27FEB26 @ 245509 SL 239890 TGT 256747.00

Sumeet Bagadia’s Desk : Book Part Profit @ 249990...Buy in Commodity SILVERMIC|27FEB26 @ 245509 SL 239890 TGT 256747.00

Sumeet Bagadia’s Desk:Buy SILVERMIC|27FEB26 in Commodity @ 245509 SL 239890 TGT 256747.00

Sumeet Bagadia’s Desk:Buy NATURALGAS|20FEB26 PE 300.00 in Commodity @ 21.1 SL 18.7 TGT 25.90

India–US Trade Deal Shields Agriculture, Slashes Tariffs on Indian Exports The India–US trade deal protects India’s sensitive farming sector, excluding major crops such as rice, wheat, soya, corn, sugar, and dairy to ensure that its sensitive agriculture and dairy sectors remain “completely protected" from foreign competition. India stands to benefit from a sharp reduction in US tariffs on Indian exports from 50% to 18%, following talks between Prime Minister Narendra Modi and President Donald Trump. -Choice Broking

Global Update Ahead of planned US–Iran negotiations, the US Virtual Embassy in Iran advised American citizens to depart the country due to heightened security, road closures, disruptions to public transportation, widespread internet restrictions, and continued airline flight cancellations. Impact: Positive for Bullion. -Choice Broking

RBI Update The Reserve Bank of India’s Monetary Policy Committee unanimously kept the policy repo rate unchanged at 5.25% on February 6, following a 25-basis-point rate cut implemented in December. -Choice Broking

Silver Update Silver plunged over 2.80% to around Rs 2,36,912 erasing a brief rebound as volatility and deleveraging hit precious metals. Weak US labor data, margin-driven selling, policy uncertainty, and easing geopolitical risks outweighed rate-cut expectations. -Choice Broking

Copper Update Copper prices trading lower as Chinese demand slowed, rising inventories, shipments were redirected from Africa to China to take advantage of temporary price gaps between Shanghai and London, and forecasts of higher refined output in 2026 further weighed on sentiment. -Choice Broking