Monday, 16 July 2012

Free Agri Tips today-tomorrow

Due to slow progress of monsoons this year, the Indian turmeric futures high on Monday. India is the biggest producer and exporter of the yellow spice and is expected to 30% this season. Today at 8:41 am, the August contract rose up by 2.99% to Rs.5,450 per 100kg after hitting a contract high of Rs.5,478.

Jeera or cumin seed, hit a contract high of Rs.16,247.5. The August Jeera contract was up by 1.23% to Rs.16,035 per 100 kg. Jeera is planted during winter season, its planting is done during october and the monsoon's help in keeping the soil moist. At Unjha, a market in Gujarat, the Jeera prices rose to Rs.15,508 per 100kg.

The trading in pepper futures was weak as traders cashed out gains at higher levels. The August contract fell by 0.59% to Rs.43,050 per 100kg. It has risen more than 4% this month. According to analysts, their are less chances of prices falling beyond Rs.42,500, whereas there are chances that it may touch Rs.44,000 in short term.

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