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Jeera and Turmeric Updates for 27 Dec 2016

Jeera and Turmeric Updates for 27 Dec 2016

Jeera trading range for the day is 16620-17790. Jeera prices gained as demand for exports supported prices but good sowing progress limited the upside. As per Gujarat Govt. sowing data current year Jeera sowing completed around 256800 hectares. NCDEX accredited warehouses jeera stocks dropped by 120 tonnes to 72 tonnes. In Unjha, a key spot market in Gujarat, jeera edged up by 119.55 rupees to end at 17873.1 rupee per 100 kg.

Turmeric trading range for the day is 6662-6926. Turmeric prices ended with losses as market is expecting a good crop this season. Expectations of increasing production in coming harvesting season and lowering export demand in recent months are putting pressure. NCDEX accredited warehouses turmeric stocks dropped by 295 tonnes to 190 tonnes. In Nizamabad, a major spot market in AP, the price ended at 7666.65 rupees gained 1.95 rupees.

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