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Commodity Market important Updates for 05 May 2017

Commodity Market important Updates for 05 May 2017

Jeera trading range for the day is 18020-18800.Jeera prices gains on rising exports demand at the spot market.The carryover stock has dipped to about 2 lakh bags as against the normal 20-25 lakh bags, thereby reducing the availability.NCDEX accredited warehouses jeera stocks gained by 171 tonnes to 1555 tonnes.In Unjha, a key spot market in Gujarat, jeera edged down by -93.35 Rupees to end at 18600 Rupees per 100 kg. Turmeric trading range for the day is 5410-5766.Turmeric dropped continuing its losses on lower demand in the physical market on reports of higher stocks available with the farmers.Many traders and farmers expected good sales of turmeric during the peak period, which started a month ago.NCDEX accredited warehouses turmeric stocks gained by 99 tonnes to 4480 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5650 Rupees dropped -120 Rupees. Soyabean trading range for the day is 2896-2966.Soyabean prices gained on short covering after prices dropped amid ample available stocks in the country.Reports showed that arrivals of soybean during Apr 2017 is 2.82 lakh tonnes, higher by 20% compared to last year same month.NCDEX accredited warehouses soyabean stocks dropped by 965 tonnes to 146550 tonnes.At the Indore spot market in top producer MP, soybean dropped -2 Rupees to 3056 Rupees per 100 kgs. Menthaoil trading range for the day is 904-933.4.Mentha oil spot at Sambhal closed at 1067.90 per 1kg. Spot prices was down by Rs.-3.50-.Mentha oil dropped amid of reports that carryover stocks are huge against the current consumption level.Sentimental weakness will continious for mentha demand as the key consumption sector (Tobacco products) is witnesing slow...

Commodity Market important Updates for 04 May 2017

Jeera trading range for the day is 17915-19295.Jeera prices ended with losses amid lower domestic and exports demand at the spot market.Furthermore, huge stocks at the spot markets following higher supplies from the major growing regions in Gujarat and Rajasthan too fuelled the downtrend.NCDEX accredited warehouses jeera stocks gained by 102 tonnes to 1384 tonnes.In Unjha, a key spot market in Gujarat, jeera edged down by -362.9 Rupees to end at 18693.35 Rupees per 100 kg. Turmeric trading range for the day is 5528-5904.Turmeric prices dropped amid sufficient stocks at the spot markets following pick-up in arrivals from producing belts.Turmeric farmers and traders have been hit hard by poor sales during peak season.NCDEX accredited warehouses turmeric stocks gained by 69 tonnes to 4381 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5650 Rupees dropped -140 Rupees. Soyabean trading range for the day is 2876-2966.Soyabean prices dropped on higher arrivals and subdued demand for soymeal in local mandis.All India soybean arrivals were stood at 150,000-155,000 bags (90 kilogram per bag) as compared to 65,00-70,000 bags.NCDEX accredited warehouses soyabean stocks dropped by 613 tonnes to 147515 tonnes.At the Indore spot market in top producer MP, soybean dropped -23 Rupees to 3058 Rupees per 100 kgs. Menthaoil trading range for the day is 904-940.6.Mentha oil spot at Sambhal closed at 1071.40 per 1kg. Spot prices was down by Rs.-13.10-.Mentha oil dropped as counter witnessed fresh selling amid of reports that carryover stocks are huge against the current consumption level.Sentimental weakness will continious for mentha demand as the key consumption sector (Tobacco products) is witnesing slow down in demand....

Commodity Market important Updates for 27 April 2017

Jeera trading range for the day is 18950-19640.Jeera ended with losses on lower domestic and exports demand at the spot market. Furthermore, ample stocks position following higher supplies from major growing regions in Gujarat and Rajasthan too fuelled the downtrend.NCDEX accredited warehouses jeera stocks gained by 357 tonnes to 1293 tonnes.In Unjha, a key spot market in Gujarat, jeera edged up by 80.5 Rupees to end at 19023.35 Rupees per 100 kg. Turmeric trading range for the day is 6086-6290.Turmeric prices ended with losses due to fall in demand at the spot market.Many traders and farmers expected good sales of turmeric during the peak period, which started a month ago.NCDEX accredited warehouses turmeric stocks gained by 170 tonnes to 3855 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5850 Rupees dropped -12.5 Rupees. Soyabean trading range for the day is 2939-3001.Soyabean dropped tracking weakness in demand on increasing arrivals in the domestic spot markets. Lack of demand from export and domestic market along with bumper output this year kept bean prices under pressure.NCDEX accredited warehouses soyabean stocks dropped by 2791 tonnes to 154686 tonnes.At the Indore spot market in top producer MP, soybean dropped -19 Rupees to 3081 Rupees per 100 kgs. Menthaoil trading range for the day is 928.7-952.3.Mentha oil spot at Sambhal closed at 1088.60 per 1kg. Spot prices was down by Rs.-6.00-.Mentha oil prices gained on short covering on the back of pick-up in spot demand.Besides, tight stocks position following restricted arrivals from major producing belts of Chandausi in Uttar Pradesh also provided support to mentha oil prices.However the increase in growth...

Commodity Market important Updates for 26 April 2017

Jeera trading range for the day is 18620-19860.Jeera prices ended with gains on rising exports demand at the spot market. Gujarat Agriculture Department in its 3rd advance estimates for 201617 has revised down the production estimates to 2.12 lt.NCDEX accredited warehouses jeera stocks gained by 33 tonnes to 936 tonnes.In Unjha, a key spot market in Gujarat, jeera edged up by 114.3 Rupees to end at 18942.85 Rupees per 100 kg. Turmeric trading range for the day is 6144-6300.Turmeric prices traded in the range and settled flat due to lower demand and the supplies too reduced. At Nizamabad market arrivals were reported at 12000 quintals, down by 10000 quintals as against previous day.NCDEX accredited warehouses turmeric stocks gained by 189 tonnes to 3685 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5850 Rupees dropped -12.5 Rupees. Soyabean trading range for the day is 2933-3063.Soyabean prices ended with losses tracked by lower prices in the overseas markets following rapid US planting.As per data, arrivals of soybean during Apr 1-20 is 1,75,634 tonnes while during in Mar it was about 2,09,993 tonnes during same time frame.NCDEX accredited warehouses soyabean stocks dropped by 4805 tonnes to 157477 tonnes.At the Indore spot market in top producer MP, soybean dropped -21 Rupees to 3100 Rupees per 100 kgs. Menthaoil trading range for the day is 930.5-953.1.Mentha oil spot at Sambhal closed at 1093.50 per 1kg. Spot prices was down by Rs.-6.00-.Mentha oil settled down on profit booking and fall in demand in the domestic spot market. Also the farmers are bringing their produce in moderate amount to the market which...
Commodity Market important Updates for 25 April 2017

Commodity Market important Updates for 25 April 2017

Jeera trading range for the day is 18425-19505.Jeera prices ended with losses on profit booking amid slowdown in buying activities due to higher prices.There are expectations that jeera production in current season may decrease slightly from last year as against earlier expectations of higher crop.NCDEX accredited warehouses jeera stocks dropped by 6 tonnes to 903 tonnes.In Unjha, a key spot market in Gujarat, jeera edged down by -55.85 Rupees to end at 18828.55 Rupees per 100 kg. Turmeric trading range for the day is 6092-6332.Turmeric settled flat on steady pace of new crop supplies amid higher production restricted the gains. Turmeric farmers and traders have been hit hard by poor sales during peak season.NCDEX accredited warehouses turmeric stocks gained by 79 tonnes to 3496 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5862.5 Rupees gained 2.5 Rupees. Soyabean trading range for the day is 3020-3084.Soyabean prices dropped tracking weakness in spot demand on increasing arrivals in local mandis.All India soybean arrivals were stood at 125,000-130,000 bags (90 kilogram per bag) as compared to 120,00-125,000 bags.NCDEX accredited warehouses soyabean stocks dropped by 6821 tonnes to 162282 tonnes.At the Indore spot market in top producer MP, soybean gained 14 Rupees to 3121 Rupees per 100 kgs. Menthaoil trading range for the day is 941.1-961.9.Mentha oil spot at Sambhal closed at 1099.50 per 1kg. Spot prices was down by Rs.-9.00-.Mentha oil prices ended with losses on profit booking and fall in demand in the domestic spot market. Further, ample stocks position on higher supplies from producing regions too influenced mentha oil prices.Stock positions of Mentha in MCX accredited...
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