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Published on 18/06/2019 10:24:53 AM | Source: Kedia Commodity Ltd

Turmeric trading range for the day is 6474-6754 - Kedia Commodities

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

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Turmeric

* Turmeric trading range for the day is 6474-6754.

* Turmeric prices dropped on expectations of higher output in 2018-19 crop season and amid sufficient availability of stocks with farmers.

* However, improvement in export demand and subdued rains in the turmeric growing areas of the country limited the downside.

* Turmeric output for 2018-19 crop season is estimated to reach 13.9 lakh tons in second advance estimates.

* In Nizamabad, a major spot market in AP, the price ended at 6533.35 Rupees dropped -50 Rupees.


 

Jeera

* Jeera trading range for the day is 17155-17495.

* Jeera prices ended with gains on short covering after prices dropped amid higher output hopes.

* Jeera prices upside seen limited with the approach of monsoon raising hope for a better crop this season.

* India's cumin seed output in 2018-19 crop season is 5 lakh tons, down 36.3% than the previous year's production of 7.85 lakh tons.

* In Unjha, a key spot market in Gujarat, jeera edged up by 92.5 Rupees to end at 17461.75 Rupees per 100 kg.

 

Dhaniya

* Dhaniya trading range for the day is 6778-7234.

* 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 -31.35 Rupees to end at 7521.3 Rupees per 100 kg.

 

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