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Jeera and Turmeric latest Updates for 16 Jan 2017

Jeera and Turmeric latest Updates for 16 Jan 2017

Jeera trading range for the day is 16775-17475.Jeera prices ended with gains due to tight stocks due to lower output last year. Jeera sowing stood at 276,000 hectare in Gujarat versus 268,000 a year ago. However, reports of adverse weather in the producing centers are a concern. In Unjha, a key spot market in Gujarat, jeera edged down by -69.25 rupees to end at 18250 rupee per 100 kg.

Turmeric trading range for the day is 6578-6666.Turmeric prices gained on anticipation of rising physical as well as export demand at the spot market. According to trade sources turmeric output is expected to be around 600,000 ton. Retailers are buying as per their requirement while bulk buyers are waiting for further fall in prices. In Nizamabad, a major spot market in AP, the price ended at 7292.85 rupees dropped -19.65 rupees.

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