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Published on 24/01/2020 10:22:52 AM | Source: Kedia Commodity Ltd

Jeera trading range for the day is 14350-14940 - Kedia Commodity

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

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Turmeric

Turmeric trading range for the day is 6134-6302.

Turmeric dropped due to sluggish demand and pressure mounted on expectations of a higher crop.

Prices will trade in the broader range only as arrivals of fresh crop have started to hit key spot markets of Nizamabad, Telangana and are likely to gain momentum

There is no clear opinion about turmeric crop in Maharashtra as the weather is not clear yet.

In Nizamabad, a major spot market in AP, the price ended at 6082.25 Rupees gained 4.75 Rupees

 

Jeera

Jeera trading range for the day is 14350-14940.

Jeera gained on short covering after prices dropped after the update that sharp increase in acreage in Gujarat and Rajasthan and favourable weather conditions

The acreage sown with cumin in the state has increased by 44% and output is likely to rise by 25% in 2020.

Favourable climatic conditions and improved water availability following good monsoon rains have brightened crop prospects.

In Unjha, a key spot market in Gujarat, jeera edged down by -77.5 Rupees to end at 15510 Rupees per 100 kg.

 

Dhaniya

Dhaniya trading range for the day is 6591-6931.

Coriander prices dropped as sowing picked up in Rajasthan and Gujarat area also buyer where away to buy because of recent jump in the prices.

The sowing has been good in Gujarat and Madhya Pradesh, which has boosted the new crop estimates

Favourable climatic conditions and improved water availability following good monsoon rains have brightened crop prospects for Dhaniya.

In Kota spot market in Rajasthan the prices dropped -42.6 Rupees to end at 6774.6 Rupees per 100 kg.

 

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