Turmeric futures (June) is expected to plunge towards 6695 levels taking negative cues from the spot markets
The arrival of turmeric for sale has been increased. At the
Erode Turmeric Merchants Association Sales yard, finger turmeric was sold at
Rs.5,755-7,655 a quintal, root variety was sold at Rs.5,419-6,899. At the Erode
Cooperative Marketing Society, finger turmeric was sold at Rs.6,456-7,689. Root
variety was sold at Rs.6,399-6,999. Jeera futures (June) will probably take support
near 17200 levels & any sharp correction may get limited. The reason being this
season this commodity is witnessing rise in demand as likely lower output in Syria and
Turkey, both major producers, have led to a shift in demand to India. According to
trade sources, jeera production in Syria is estimated lower this year as a major part of
its crop was damaged by heavy rains. Jeera is witnessing a buying spree from
exporters and bulk buyers as they are expecting demand in the overseas market to
increase in coming months. The gains in cardamom futures (June) is seen to get
extended as it can test 2400-2440 levels. If the growing regions have received
sufficient summer rains, the season could have expected by June-July. But the paucity
of rains is likely to delay the flowering and the crop can be expected only by
September. The production will also be lower in the coming season from last year’s
figure of around 25,000 tonnes. Dhaniya futures (June) is expected to take support
near 7205-7145 levels. The sentiments are firm on the spot markets bec
HAPPY TRADING!!!!!!!!!!!!!!!!!!
Click here to visit my website : https://bit.ly/1h8KZUM
Free Trial link : https://bit.ly/2u2GUhK
Any queries CALL US : 9977499927
CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY -
Visit our website : http://www.capitalstars.com/free-trial
CAPITALSTARS CALL US : 9977499927
0 comments:
Post a Comment