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Published on 25/06/2019 9:42:50 AM | Source: Kedia Commodity Ltd

Jeera trading range for the day is 17005-17475 - Kedia Commodities

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

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Turmeric

* Turmeric trading range for the day is 6158-6498.

* Turmeric gained on short covering after prices dropped amid higher availability of turmeric stocks with traders and farmers.

* Acreage of turmeric in Erode may jump nearly 80% on year to 5,300 ha in 2018-19 (Jul-Jun).

* At Erode market , sources reported arrivals at 4400 bags, down by 100 bags as against previous day.

* In Nizamabad, a major spot market in AP, the price ended at 6467.4 Rupees dropped -22.6 Rupees.


Jeera

* Jeera trading range for the day is 17005-17475.

* Jeera dropped on profit booking after prices gained from estimates of lower output this year.

* According to third advance estimates by the government, India's cumin seed output in 2018-19 crop year is 5 lakh tons.

* Good news for India's cumin exporters is that its yield in Syria will be lower this year.

* In Unjha, a key spot market in Gujarat, jeera edged down by -25.65 Rupees to end at 17437.5 Rupees per 100 kg.

 

Dhaniya

* Dhaniya trading range for the day is 6711-7019.

* Dhaniya prices dropped amid rising arrivals from major producing regions and profit-booking at higher levels.

* 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, are lower by about 20-25 per cent at 1.8 lakh tonnes.

* In Kota spot market in Rajasthan the prices dropped -53.55 Rupees to end at 7426.45 Rupees per 100 kg.


 

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