Commodities trading tips for Jeera by Kedia commodity

Jeera Jeera yesterday settled to 0.45% on some improvements thanks 13285 foreign requests and on local demand, while higher than expected supply and prospects for better seeding due to the rainy enough limited upwards. Export demand supports, but any up is going to be limited, because enough rains will help seeding operations in Rabi season. Moderating demand in local markets now, but prices continue to linger only under their four-month highs as sentiment remained positive amid favorable global turbocharger. Spot markets are witnessing good activity Jeera amid buying interest. Total production of Jeera seen around 34-35 rupees sacks this year, up almost 1-2 crores bags since last year. This is mainly due to the seeding in Rajasthan and better recovery Jeera from Gujarat. Due to the continuing geopolitical tensions in Syria and Turkey there are still fears of supply from these two major exporting countries. Cumin in Iran is refusing to harvest due to bad weather and thus will support Indian cumin seed market in the long term. Cumin exports increased 76% to 79.900 tonnes in 2012-13 the previous year, tons of 45500 is estimated at Rs. crore to 1093.17 70% last year. Total production of Jeera seen around 34-35 rupees sacks this year, up almost 1-2 crores bags since last year. This is mainly due to the seeding in Rajasthan and better recovery Jeera from Gujarat. Due to the continuing geopolitical tensions in Syria and Turkey there are still fears of supply from these two major exporting countries. In unjha, key spot market in Gujarat, jeera, edged down 8.85 rupees-through in the 100 rupee 13536 kg. As the market has seen gains in open interest at 0.18% and settled at 9849, while prices up 60 rupees, now receives support at 13203 Jeera below could see the same test and resistance level 13122 now likely see on 13348, step above could see prices testing the market is technically under 13412 fresh purchases.