Monday, July 22, 2013
ဆႏြင္းတက္ Tumeric finger အိႏၵိယအမ်ိဳးသားကုန္စည္နွင့္လူသံုးကုန္စ်းကြက္အေျခအေန
အိႏၵိယအမ်ိဳးသားကုန္စည္နွင့္လူသံုးကုန္စ်းကြက္(NCDEX)မွကူးယူေဖၚျပသည္
ERODE (Commodity Online): The trend in turmeric
futures for August delivery on India's National Commodity and
Derivatives Exchange (NCDEX) is range bound and break out of any of the
sides of the range 5640-6120 may give clear direction to the commodity
prices. However, short covering is expected at current levels, according
to our analyst at Commodity Online.
NCDEX turmeric for August delivery was seen trading up by 0.45% at Rs.5850 per 100 kgs as of 11.44 AM IST on Friday.
Spot turmeric prices recorded an up-tick on Thursday on good domestic demand and quality arrivals. Traders said that they have received a few local orders for the yellow spice.
Spot prices are expected increase later this month after recording fresh domestic demand.
However, huge carry over stocks in the domestic were seen pressuring the commodity prices to certain extent. Good sowing for the turmeric crop is expected weigh on the prices to certain extent in the spot markets.
As per the recent report from Andhra Pradesh Agriculture Department, acreage under turmeric in the state stood higher at 29525 hectares, higher when compared to the 24947 hectares sown during the same period last year.
NCDEX turmeric for August delivery was seen trading up by 0.45% at Rs.5850 per 100 kgs as of 11.44 AM IST on Friday.
Spot turmeric prices recorded an up-tick on Thursday on good domestic demand and quality arrivals. Traders said that they have received a few local orders for the yellow spice.
Spot prices are expected increase later this month after recording fresh domestic demand.
However, huge carry over stocks in the domestic were seen pressuring the commodity prices to certain extent. Good sowing for the turmeric crop is expected weigh on the prices to certain extent in the spot markets.
As per the recent report from Andhra Pradesh Agriculture Department, acreage under turmeric in the state stood higher at 29525 hectares, higher when compared to the 24947 hectares sown during the same period last year.
Coriander (Dhaniya)(နံနံေစ့)
The trend in NCDEX coriander for August delivery is range bound and
5850-6200 is the likely range for the commodity. The commodity is likely
to witness short covering at current levels and break out of any of the
sides of the range 5850-6200 may give clear direction to the futures
movement.
NCDEX coriander for August delivery was seen trading up by 1.83% at Rs.6062 per 100 kgs as of 11.44 AM IST on Friday.
Coriander prices are likely to trade with a negative bias due to subdued demand from bulk purchasers. Lack of quality supplies in physical markets and ample carry over stocks may also weigh on the market sentiments.
On Thursday, the total coriander arrivals at major spot markets of Rajasthan increased to 5500 bags (1 bag=40 kgs), from 4200 bags recorded in the previous day. The prices of the spice in Kota traded at Rs.5800 per 100kgs.
As per the recent report from IMD, southwest monsoon has been vigorous over east Madhya Pradesh and south interior Karnataka. Heavy rainfall would occur at one or two places over Madhya Pradesh and coastal Karnataka, on Friday.
NCDEX coriander for August delivery was seen trading up by 1.83% at Rs.6062 per 100 kgs as of 11.44 AM IST on Friday.
Coriander prices are likely to trade with a negative bias due to subdued demand from bulk purchasers. Lack of quality supplies in physical markets and ample carry over stocks may also weigh on the market sentiments.
On Thursday, the total coriander arrivals at major spot markets of Rajasthan increased to 5500 bags (1 bag=40 kgs), from 4200 bags recorded in the previous day. The prices of the spice in Kota traded at Rs.5800 per 100kgs.
As per the recent report from IMD, southwest monsoon has been vigorous over east Madhya Pradesh and south interior Karnataka. Heavy rainfall would occur at one or two places over Madhya Pradesh and coastal Karnataka, on Friday.
Coriander,Turmeric range bound; short covering expected
Last Updated : 19 July 2013 at 12:00 IST
NCDEX Turmeric, Coriander range bound; short covering expected
The trend in NCDEX coriander for August delivery is range bound and
5850-6200 is the likely range for the commodity. The commodity is likely
to witness short covering at current levels and break out of any of the
sides of the range 5850-6200 may give clear direction to the futures
movement.
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