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Published on 17/01/2020 10:01:02 AM | Source: Kedia Commodity Ltd

Dhaniya trading range for the day is 6708-7168 - Kedia Commodity

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

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Turmeric

* Turmeric trading range for the day is 6226-6542.

* Turmeric dropped due to continuous supply in the spot market as a result of increased mandi arrivals.

* Pressure also seen amid expectation of higher production in the crop year 2019-20 amid weak demand.

* The quality of Turmeric that is coming in the market right now is poor and from the old stock which led to the slowdown in demand.

* In Nizamabad, a major spot market in AP, the price ended at 6179.75 Rupees gained 29.75 Rupees.

 

Jeera

* Jeera trading range for the day is 14945-15315.

* Jeera prices dropped as the market is awaiting the crop numbers in anticipation of higher production.

* Favourable climatic conditions and improved water availability following good monsoon rains have brightened crop prospects.

* Jeera growers in Rajasthan and Gujarat are expecting about 25-30 per cent higher yield over last year.

* In Unjha, a key spot market in Gujarat, jeera edged down by -122.3 Rupees to end at 15939.45 Rupees per 100 kg.

 

Dhaniya

* Dhaniya trading range for the day is 6708-7168.

* Dhaniya dropped on profit booking after prices seen supported as there is a possibility of crop damage in Rajasthan due to excessive winter.

* The sowing has been good in Gujarat and Madhya Pradesh, which has boosted the new crop estimates, the carry over stock is likely to be only half of last year.

* In Gujarat, Coriander sowing area increased by 28,000 hectares to 67,000 hectares over the previous year

* In Kota spot market in Rajasthan the prices dropped -10.4 Rupees to end at 6883.95 Rupees per 100 kg. T

 

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