Published on 23/01/2020 11:43:32 AM | Source: Kedia Commodity Ltd

Turmeric trading range for the day is 6154-6354 - Kedia Commodity

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

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* Turmeric trading range for the day is 6154-6354.

* 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 6152.5 Rupees dropped -27.25 Rupees.



* Jeera trading range for the day is 14450-14820.

* Jeera dropped as adequate rainfall coupled with decent prices have brightened the prospects of jeera farmers in Gujarat.

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

* NCDEX accredited warehouses jeera stocks dropped by -509 tonnes to 144 tonnes.

* In Unjha, a key spot market in Gujarat, jeera edged down by -25.75 Rupees to end at 15883.35 Rupees per 100 kg.



* Dhaniya trading range for the day is 6740-7004.

* Coriander prices dropped as sowing picked up in Gujarat area, also buyer where away to buy because of recent jump in the prices.

* 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.

* As a result of inadequate rains, the crop fell over 20 per cent to 567,000 tonnes in 2019, according to Spices Board data.

* In Kota spot market in Rajasthan the prices dropped -4.15 Rupees to end at 6891.65 Rupees per 100 kg.


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