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Published on 25/09/2020 11:54:37 AM | Source: Kedia Advisory

Jeera trading range for the day is 13515-13725. - Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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TURMERIC

Turmeric trading range for the day is 5598-5870.

Turmeric prices dropped 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 5507.5 Rupees remains unchanged at0 Rupees.

 

JEERA

Jeera trading range for the day is 13515-13725.

Jeera prices dropped amid subdued demand from domestic and overseas markets and forecast of a bigger crop this year due to higher acreage.

According to the second advance estimates for the rabi crop in Gujarat, Jeera production in the state is seen rising 56%

Both Syria and Turkey's output is likely to double in 2020-21 (Jul-Jun).

In Unjha, a key spot market in Gujarat, jeera edged down by -13.15 Rupees to end at 13636.85 Rupees per 100 kg.

 

DHANIYA

Dhaniya trading range for the day is 6428-6604.

Dhaniya prices gained due to decline in arrivals and improved demand in the market supported uptrend in prices during the review period.

Supply of coriander in the key markets of Gujarat, Madhya Pradesh and Rajasthan has started waning.

There are reports that some of the crop arrived in physical markets of Rajasthan and Madhya Pradesh is rain damaged.

In Kota spot market in Rajasthan the prices dropped -41.05 Rupees to end at 6563.1 Rupees per 100 kg.

 

 

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