Turmeric Futures is expected to trade with an upside

Turmeric Futures is expected to trade with an upside

Gold Silver Reports — Turmeric futures (July) is expected to trade with an upside bias & there is possibility that it can test 8300-8350 levels. Spot turmeric prices increased at Erode markets as some traders have received a few upcountry orders. Of the 5,000 bags arrived for sale, traders purchased all the medium and fine variety turmeric.

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Jeera Trand Sideways Intraday level 16200-16600

Jeera Trand Sideways Intraday level 16200-16600Turmeric futures (June) is likely to consolidate in the range of 7900-8000 levels. The price of the turmeric further decreased on Tuesday. Finger turmeric decreased by Rs.600 a quintal and the root variety by Rs.350 a quintal in the Erode Turmeric Merchants Association Sales yard. Also, in the Regulated Market Committee, finger turmeric decreased by Rs.600 aquintal and the root variety by Rs.400 a quintal. In other markets also, both varieties decreased by Rs.600 a quintal. At the Erode Turmeric Merchants Association Sales yard,finger turmeric sold at Rs.7,455 to Rs.8,609 a quintal and root variety at Rs.7,099 to Rs.8,099 a quintal.

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Global Wheat 2016-17 Production

Gold Silver Reports – Global wheat supplies are projected to rise 2 percent from 2015/16 as increased beginning stocks more than offset a decline in production from the previous year’s record.

Total wheat production is projected at 727.0 million tons, the second highest total on record. Large crops are expected in most key competing countries and favourable spring growing conditions suggest that yields will be well above trend in the EU, Russia, and Ukraine.

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Sugar To Check Price Up

Sugar To Check Price Up

Gold Silver Reports — India Government has decided to allow States to impose and enforce stock limits to check the price rise in sugar.

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Firming up, Indian Agri Markets

Firming up, Indian Agri Markets

Gold Silver Reports — Markets firmed up for the Agricommodities on Wednesday after the initial corrections as pickup in demand on the domestic and export front, amidst falling arrivals and lower-production prospects kept supporting the prices.

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Mustard futures Trading Range 4150-4350

Gold Silver Reports — Turmeric futures (May) is likely to take support near 8470 levels. Spot turmeric prices increased at Erode markets on Monday due to quality arrivals and upcountry demand. Good quality turmeric arrived and traders also received some fresh upcountry demand.

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Sugar Intraday Trading Level 3440-3660

Sugar Intraday Trading Level 3440-3660Gold Silver Reports — Turmeric-futures (May) is likely consolidate in the range of 8200-8400 levels with upside getting capped. Spot turmeric prices are decreasing daily due to negligible upcountry demand.

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Soybean Output Seen Rising With More Acreage

Soybean Output Seen Rising With More Acreage

Gold Silver Reports — China’s top corn producing province of Heilongjiang, plans to switch 80 percent of his land to cultivate soybeans this year as the government ends a near decade-old corn price support scheme.

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