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Published on 20/09/2019 9:59:30 AM | Source: Kedia Commodity Ltd

Dhaniya trading range for the day is 6068-6254 - Kedia Commodity

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

Turmeric

* Turmeric trading range for the day is 5990-6302.

* Turmeric prices dropped amid good rains have raised expectations on production.

* As per Andhra Pradesh Govt, Turmeric sowing reported 10,345 hectares as compared to 17,640 hectares in the corresponding period last year.

* Only 55-60 per cent of turmeric that arrived was sold at the markets in Erode.

* In Nizamabad, a major spot market in AP, the price ended at 6376.2 Rupees dropped -33.8 Rupees.

 

Jeera

* Jeera trading range for the day is 16395-16865.

* Jeera gained on short covering after prices dropped amid hopes of higher sowing in coming season and comfortable stocks.

* Further upside seen limited due to anticipation of a rise in arrivals in coming weeks before the start of new season in October.

* As per data arrivals of jeera in Gujarat is about 22,200 tn compared to 12,000 tn last year same period.

* In Unjha, a key spot market in Gujarat, jeera edged up by 63 Rupees to end at 16943.35 Rupees per 100 kg

 

Dhaniya

* Dhaniya trading range for the day is 6068-6254.

* Dhaniya gained amid good demand from the traders for new season crop due to uptick in exports and on lower new season arrivals.

* Coriander acreage were lower by almost 30-40 per cent due to deficient monsoon rainfall in Gujarat and most parts of Rajasthan

* Arrivals in the current year, according to the market sources are lower by about 20-25 per cent at 1.8 lakh tonnes

* In Kota spot market in Rajasthan the prices dropped -62.4 Rupees to end at 6486.35 Rupees per 100 kg.

 

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