Published on 14/02/2018 12:07:09 PM | Source: Kedia Commodity Ltd

Turmeric trading range for the day is 7122-7470 - Kedia Commodity

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Turmeric trading range for the day is 7122-7470.

Turmeric dropped on late profit booking after prices gained on anticipations about up country and export demands for new season crop.

Arrivals from the new turmeric crop have started in the markets of Nizamabad in Telangana and Erode in Tamil Nadu.

About 5,770 bags of the new turmeric crop hit the Nizamabad market, with total arrivals at around 6,700 bags.

In Nizamabad, a major spot market in AP, the price ended at 7200 Rupees remains unchanged at0 Rupees.

SELL TURMERIC APR 2018 @ 7350 SL 7450 TGT 7220-7100.NCDEX

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Jeera trading range for the day is 15760-16760.

Jeera prices ended with losses driven by dip in demand at spot domestic and overseas market.

Moreover, liberal supply of cumin’s from growing belts amid piling of stocks have aggravated the dip in prices.

NCDEX accredited warehouses jeera stocks dropped by 394 tonnes to 8504 tonnes.

In Unjha, a key spot market in Gujarat, jeera edged down by -159.8 Rupees to end at 19266.65 Rupees per 100 kg.

SELL JEERA MAR 2018 @ 16200 SL 16350 TGT 16050-15880.NCDEX

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Cardamom trading range for the day is 1141.3-1169.3.

Cardamom prices ended with gains amid falling supplies due to fag-end of the season.

Persistent demand from exporters due to poor availability of quality cardamom from Guatemala may support the prices.

New crop supplies of cardamom may start only in June this year while weak rains in January may impact yield.

Cardamom prices in spot market gained by 1.00 rupees and settled at 1113.90 rupees.

SELL CARDAMOM MAR 2018 @ 1160.00 SL 1170.00 TGT 1145.00-1135.00.MCX

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