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Published on 24/07/2019 10:15:03 AM | Source: Kedia Commodity Ltd

Dhaniya trading range for the day is 6411-6795 - Kedia Commodities

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

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Turmeric

* Turmeric trading range for the day is 6810-7266.

* Turmeric prices ended with losses on profit booking after prices rallied amid fears of lower sowing.

* Turmeric sowing reported delayed by 20 - 25 days in Maharashtra due to water scarcity.

* In Sangli district of Maharashtra and adjoining area of Karnataka till now 35 -40% turmeric sowing completed, farmers were waiting for rainfall.

* In Nizamabad, a major spot market in AP, the price ended at 6745.45 Rupees dropped -5.5 Rupees.

 

Jeera

* Jeera trading range for the day is 17425-18145.

* Jeera settled down on profit booking after prices gained due to steady demand from domestic stockists amid fall in supplies.

* Arrivals are lower as farmers are hoarding their produce on expectations of better prices.

* Good news for India's cumin exporters is that its yield in Syria-where new crop usually comes in the middle will be lower this year.

* In Unjha, a key spot market in Gujarat, jeera edged down by -28 Rupees to end at 17858.35 Rupees per 100 kg.

 

Dhaniya

* Dhaniya trading range for the day is 6411-6795.

* Dhaniya dropped as demand seen sluggish in the spot market due rising temperature in major growing areas of Rajasthan.

* Pressure also seen due to increasing stock at exchange-accredited warehouses of 5007 tons as on May 30.

* Coriander output fell to 756,000 tons in the second advance estimates from 784,000 tons in the first advance estimates

* In Kota spot market in Rajasthan the prices dropped -30.05 Rupees to end at 7209.5 Rupees per 100 kg.

 

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