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Jeera and Turmeric Hot Buzz for 5 Jan 2017

Jeera and Turmeric Hot Buzz for 5 Jan 2017

Jeera trading range for the day is 16505-16995.Jeera prices dropped on expectation of increase in Jeera area in Gujarat state mainly in Saurashtra and Kutch zone current year. Sowing has been good so far and weather conditions are also favorable for jeera crop. As all is going well as exporters are not buying in large quantities but are waiting for the new crop. In Unjha, a key spot market in Gujarat, jeera edged down by -17.25 rupees to end at 18323.35 rupee per 100 kg.

Turmeric trading range for the day is 6732-6792.Turmeric prices dropped as new season turmeric crop has now entered into the markets in South India. Expectations of increasing production in coming harvesting season and lowering export demand in recent months are putting pressure on prices. Turmeric output is seen higher at 7 million bags thanks to higher sowing and favorable weather conditions. In Nizamabad, a major spot market in AP, the price ended at 7500 rupees dropped -59.4 rupees.

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