With the corona Virus scare spreading wildly across the world, markets have become highly unstable. The cascading effect of this across sectors is something none…
▶️WATCH: Cumin (Jeera) is the top performer this week with strong speculative and stockist support; watch for continued volatility.
▶️CAUTION: Avoid aggressive positions in Small Cardamom and Black Pepper as Middle East tensions are severely affecting export demand.
▶️HOLD: Red Chilli remains a stable hold as high arrivals are being efficiently absorbed by steady domestic demand.
▶️BEARISH: Dry Ginger outlook remains weak for the short term due to seasonal shifts in consumption patterns.
▶️WATCH: Monitor the USD/INR exchange rate closely, as it is currently the primary driver for price stability in imported spices like Cloves and Cinnamon.
