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Published on 26/02/2020 11:03:33 AM | Source: Kedia Commodity Ltd

Jeera trading range for the day is 13480-13790 - Kedia Commodity

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

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Turmeric

* Turmeric trading range for the day is 5864-6052.

* Turmeric settled down -0.13% at 5946 dropped on long liquidation lingering fears over the coronavirus

* The Government of Andhra Pradesh has revised the MSP to Rs. 6,850 per quintal and will start procuring

* APMC of Nizamabad has decided to withdraw this policy of disallowing excess moisture turmeric from auction

* In Nizamabad, a major spot market in AP, the price ended at 5783.35 Rupees gained 8.35 Rupees.

 

Jeera

* Jeera trading range for the day is 13480-13790.

* Jeera settled up 0.4% at 1367 tried to bounce on short covering while pressure continues due to virus outbreak.

* China is expected to buy about 50,000 tonnes this year on account of increased consumption.

* Pressure continues to be seen as In the 2019-20 rabi season, acreage in Gujarat reported at 4.88 lakh hectares

* In Unjha, a key spot market in Gujarat, jeera edged down by -22.2 Rupees to end at 13994.45 Rupees per 100 kg.

 

Dhaniya

* Dhaniya trading range for the day is 5662-6200.

* Dhaniya in NCDEX settled down amid expectations of a bigger crop.

* Despite lower acreage in Raj & MP, production of coriander in 2019-20 (Oct-Sep) is projected to be higher

* Coriander acreage in Gujarat, was at 88405 ha as of 03 Feb, data from the state dept showed.

* In Kota spot market in Rajasthan the prices dropped -133.1 Rupees to end at 6044.65 Rupees per 100 kg. 

 

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