Published on 18/09/2020 11:43:12 AM | Source: Kedia Advisory

Dhaniya trading range for the day is 6531-6711 By Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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Turmeric trading range for the day is 5814-6002.

Turmeric prices settled flat as supply improved in the spot markets as a result of increased mandi arrivals.

Pressure also seen amid reports of higher carry forwards stocks from last year due to higher production.

Production for the marketing year 2020-21 is expected to be around 5.20 lakh tonnes on the preliminary basis.

In Nizamabad, a major spot market in AP, the price ended at 5610 Rupees remains unchanged at0 Rupees.



Jeera trading range for the day is 13805-14135.

Jeera prices dropped on update production of jeera may rise 29% to 535,500 tn

Jeera exports are likely to have slumped over 59% on year to 20,000 tn in Jan-Mar.

Despite a peak demand period, the operations of spices industry in many upcountry markets have been hit in the wake of a labour shortage.

In Unjha, a key spot market in Gujarat, jeera edged down by -38.6 Rupees to end at 13794.75 Rupees per 100 kg



Dhaniya trading range for the day is 6531-6711.

Dhaniya remained on the lower side amid higher stocks from last year and the expectation of higher production for the year 2019-20.

The demand during the current season is estimated to be lower due to continued lockdown situation in the said states.

Current year masala millers buying has been only 60-65% of their total capacity which is not likely to support the prices.

In Kota spot market in Rajasthan the prices dropped -16.7 Rupees to end at 6647.6 Rupees per 100 kg.



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