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Published on 18/01/2019 11:10:27 AM | Source: Kedia Commodity Ltd

Buy Turmeric 16 Apr 2019 @ 6500 SL 6440 TGT 6620-6750.NCDEX - Kedia Commodity

Posted in Commodities Reports| #Kedia Commodity Ltd #Commodity Tips

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TURMERIC

*  Turmeric trading range for the day is 6394-6650.

*  Turmeric dropped on expectations of increase in arrivals at the spot markets in the coming days with better moisture content.

*  Fresh arrivals are expected to increase at the spot market and will remain peak due to the harvesting activities.

*  There are yield concerns from few growing regions as drought conditions and cold weather has not supported the crop.

*  In Nizamabad, a major spot market in AP, the price ended at 6916.65 Rupees remains unchanged at0 Rupees.

*  BUY TURMERIC 16 APR 2019 @ 6500 SL 6440 TGT 6620-6750.NCDEX

 

JEERA

*  Jeera trading range for the day is 16820-17180.

*  Jeera gained on short covering after prices dropped on expectations of beginning of fresh arrivals in the coming days.

*  Despite the recent progress in the sowing activities, area is lower by 9% YoY as per latest data in Gujarat.

*  NCDEX accredited warehouses jeera stocks gained by 10 tonnes to 607 tonnes.

*  In Unjha, a key spot market in Gujarat, jeera edged up by 74.05 Rupees to end at 18307.4 Rupees per 100 kg.

*  BUY JEERA 19 MAR 2019 @ 17050 SL 16900 TGT 17280-17400.NCDEX

 

CARDAMOM

*  Cardamom trading range for the day is 1622.1-1667.7.

*  Cardamom dropped on profit booking after prices gained due to heavy losses to crop due to recent floods and good export hopes.

*  Export of cardamom from the country during 2017-18 spurted 48% to 5,680 ton from 3,850 ton a year ago.

*  Around 25 tn of new arrivals are coming at auctions daily, which is 25-30% of the total arrivals. 

*  Cardamom prices in spot market dropped by 29.30 rupees and settled at 1414.20 rupees.

*  BUY CARDAMOM 15 FEB 2019 @ 1620.00 SL 1610.00 TGT 1655.00- 1670.00.MCX

 

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