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Published on 27/02/2020 10:10:20 AM | Source: Kedia Commodity Ltd

Turmeric trading range for the day is 5802-6054 - Kedia Commodity

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

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Turmeric

* Turmeric trading range for the day is 5802-6054.

* Turmeric settled down -0.13% at 5946 dropped on long liquidation lingering fears over the coronavirus

* The Government of Andhra Pradesh has revised the MSP to Rs. 6,850 per quintal and will start procuring

* APMC of Nizamabad has decided to withdraw this policy of disallowing excess moisture turmeric from auction

* In Nizamabad, a major spot market in AP, the price ended at 5793.75 Rupees gained 10.4 Rupees.

 

Jeera

* Jeera trading range for the day is 13395-13795.

* Jeera dropped as pressure continues to see weakness because of the coronavirus outbreak in China

* Jeera acreage in Gujarat is reported at 4.88 lakh hectares, higher by 40% from 3.47 lakh hectares a year ago.

* Traders were expecting to sell at least 50,000 tonnes of jeera to Chinese importers this year, but there is now a dent in demand.

* In Unjha, a key spot market in Gujarat, jeera edged down by -23.4 Rupees to end at 13971.05 Rupees per 100 kg.

 

Dhaniya

* Dhaniya trading range for the day is 5682-6032.

* Dhaniya on NCDEX settled down -1.54% at 5831 in the line of expectation as new crop arrived

* Coriander has started arriving at the benchmark market of Ramganj in Rajasthan

* The new crop is being sold at 5,000- 6,000 rupees per 100 kg, and the old crop is available at 6,000-6,500

* In Kota spot market in Rajasthan the prices dropped -9.6 Rupees to end at 6035.05 Rupees per 100 kg.

 

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