FREE JEERA TIPS 29-12-2016
first six months (Apr-Sep) of 2016-17 is recorded at 70,809 tonnes, higher by 51% compared to same period last year. At Rajkot market in Rajkot(Guj.), arrivals were reported at 90 quintal, unchanged as compared to previous day’s arrival. At Unjha market in Mehsana, estimated market supply was at 400 quintals, up by 200 quintals from previous day’s arrivals. At the Unjha spot market, arrivals reported were limited due to lack of cash while good demand was witnessed. Sowing of jeera commenced on a stronger note in Gujarat due to record prices during the marketing year of 2016-17. In Unjha, a key spot market in Gujarat, jeera edged up by 23.9 rupees to end at 18034.6 rupee per 100 kg.Technically now Jeera is getting support at 17400 and below same could see a test of 17280 level, And resistance is now likely to be seen at 17600, a move above could see prices testing 17680.
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Jeera on NCDEX settled up by 0.6% at 17520 on short covering after prices dropped on reports of good sowing progress at the producing regions. The progress of Jeera sowing in Gujarat is good. As per Gujarat Govt. sowing data current year Jeera sowing completed around 256800 hectares as compared to last year same period 243000 hectares,. Normal area in Gujarat reported 339000 hectares. In Kutch zone area reported 20400 hectares, in Saurashtra zone reported 116200 hectares and in North Gujarat zone reported 107900 hectares. As per Agriwatch expectation Jeera area likely to increase in Gujarat state mainly in Saurashtra and Kutch zone current year. Sources revealed that, around 35 - 45 percent area may increase this year, some new area also come up to Jeera crop due to increase in irrigation facility. According Department of commerce data, the exports of Jeera in thefirst six months (Apr-Sep) of 2016-17 is recorded at 70,809 tonnes, higher by 51% compared to same period last year. At Rajkot market in Rajkot(Guj.), arrivals were reported at 90 quintal, unchanged as compared to previous day’s arrival. At Unjha market in Mehsana, estimated market supply was at 400 quintals, up by 200 quintals from previous day’s arrivals. At the Unjha spot market, arrivals reported were limited due to lack of cash while good demand was witnessed. Sowing of jeera commenced on a stronger note in Gujarat due to record prices during the marketing year of 2016-17. In Unjha, a key spot market in Gujarat, jeera edged up by 23.9 rupees to end at 18034.6 rupee per 100 kg.Technically now Jeera is getting support at 17400 and below same could see a test of 17280 level, And resistance is now likely to be seen at 17600, a move above could see prices testing 17680.
