Published on 23/09/2019 10:31:18 AM | Source: Kedia Commodity Ltd

Dhaniya trading range for the day is 6067-6307 - Kedia Commodity

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

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* Turmeric trading range for the day is 5966-6270.

* Turmeric prices ended with gains on short covering after prices dropped amid good rains have raised expectations on production.

* As per Andhra Pradesh Govt, Turmeric sowing reported 10,345 hectares as compared to 17,640 hectares in the corresponding period last year.

* Only 55-60 per cent of turmeric that arrived was sold at the markets in Erode.

* In Nizamabad, a major spot market in AP, the price ended at 6376.2 Rupees dropped -33.8 Rupees.



* Jeera trading range for the day is 16505-16845.

* Jeera prices dropped amid hopes of higher sowing in coming season and comfortable stocks.

* Further pressure seen due to anticipation of a rise in arrivals in coming weeks before the start of new season in October.

* As per data arrivals of jeera in Gujarat is about 22,200 tn compared to 12,000 tn last year same period.

* In Unjha, a key spot market in Gujarat, jeera edged up by 96.95 Rupees to end at 17040.3 Rupees per 100 kg.



* Dhaniya trading range for the day is 6067-6307.

* Dhaniya dropped as demand seen sluggish in the spot market due rising temperature in major growing areas of Rajasthan.

* Higher output in Russia, Ukraine, Bulgaria put pressure on domestic coriander contract

* Pressure also seen due to increasing stock at exchange-accredited warehouses of 5007 tons as on May 30.

* In Kota spot market in Rajasthan the prices gained 34.35 Rupees to end at 6520.7 Rupees per 100 kg.


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