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Published on 7/08/2020 1:08:36 PM | Source: Kedia Advisory

Jeera trading range for the day is 13860-14120 By Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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Turmeric

Turmeric trading range for the day is 5786-5906.

Turmeric gains due to good demand anticipating high demand in the coming months due to Turmeric’s usage as an immunity booster.

On the export front, demand from West Asian countries has risen amid easing of lockdown restrictions.

Telangana has exported 59,580 tonnes of turmeric in the first five months of the year

In Nizamabad, a major spot market in AP, the price ended at 5478.35 Rupees remains unchanged at0 Rupees

 

Jeera

Jeera trading range for the day is 13860-14120.

Jeera gained on likely fall in arrivals in the coming weeks as most farmers are engaged in sowing Kharif crops.

Higher production in the current year and slow pace of demand is capping the upside in prices.

Bulk buyers who usually build-up their inventories during the peak harvest season are now buying on demand and need basis.

In Unjha, a key spot market in Gujarat, jeera edged up by 10.25 Rupees to end at 13983.35 Rupees per 100 kg.

 

Dhaniya

Dhaniya trading range for the day is 6134-6814.

Dhaniya prices gained as bulk demand from spices industries and lower supply in the market supported uptrend.

Coriander exports during Apr-Mar 2019-20 were 0.47 lakh tonnes which is around 5% lower

Coriander acreage in Gujarat, was at 88405 ha, data from the state farm department showed.

In Kota spot market in Rajasthan the prices gained 75.15 Rupees to end at 6521.45 Rupees per 100 kg.

 

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