CAPITALSTARS FRIDAY TURMERIC FUTURES AGRI MAKET NEWS UPDATE 07 JUNE 2019

Turmeric futures (June) will probably trade with a downside & test 6700 levels

 CAPITALSTARS INVESTMENT ADVISOR

The price of turmeric decreased on Thursday. In all the markets, finger turmeric decreased by Rs.200 to quote at Rs.400 a quintal, while the root variety sank by Rs.400, compared to the previous day’s market price. Jeera futures (June) is expected to take support near 17295 levels & any sharp correction may get limited. The sentiments of the traders at the spot markets are positive due to heavy purchases being made by the exporters and wholesalers. Good news for India's cumin exporters is that its yield in Syria will be lower this year & the crop usually comes in the middle of June. This means that overseas demand for cumin seeds from India can remain strong in the foreign market for the coming few months. Cardamom futures trend is bullish on account of crop losses over last couple of years & expectation of decline in arrivals in the coming days. A likely delay of around two months in the new harvest season and lower output view in the coming 2019-20 (Jul-Jun) season further raised concern over supply. According to market estimates, the cardamom crop may fall to 7,000-8,000 tn in 2019-20 (Jul-Jun), the lowest in two decades. Hence, in days to come it may test 2650-2700 levels. Dhaniya futures (June) is likely to trade with a negative bias & test 6800-6700 levels. The reason being is the increasing stock at exchangeaccredited warehouses of 5007 tons as on 30th May, higher by 59% since the beginning of last month.

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

Equity Tips , Intraday Stock Tips , FreeTrading Tips  , Sebi Registered advisory Company , Capitalstars Video Gallery,Free Trading tips , equity Tips , sebi registered advisory company , Mcx Tips  .