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Published on 23/10/2020 2:44:01 PM | Source: Kedia Advisory

Jeera trading range for the day is 14035-14235 - Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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Turmeric

Turmeric trading range for the day is 5944-6092.

Turmeric remained in range on reports of a decrease in Turmeric sown area across Nizamabad and Marathwada regions.

The overall decrease in sowing area can be between 15-20% as timely monsoons and lower price realizations for Turmeric over the past few years

While most of the trade is for immediate use due to uncertainty in the market

In Nizamabad, a major spot market in AP, the price ended at 5578 Rupees remains unchanged at0 Rupees.

Jeera

Jeera trading range for the day is 14035-14235

Jeera gained as there is a possibility of damage to crops due to the unseasonal rain

Prices are getting support after some export enquiries traders are facing quality issue as there is limited availability of EU pesticide compliant jeera

The Jeera crop output is said to be good and as per market estimates, it is expected to increase by 10% to 4.4 lakh tonnes

In Unjha, a key spot market in Gujarat, jeera edged up by 4.55 Rupees to end at 13782.35 Rupees per 100 kg.

Dhaniya

Dhaniya trading range for the day is 6691-6799.

Dhaniya traded in range amid higher stocks from last year and the expectation of higher production for the year 2019-20.

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 gained 2.8 Rupees to end at 6703.05 Rupees per 100 kg.

 

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