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Commodity Market important Updates for 02 May 2017

Commodity Market important Updates for 02 May 2017

Jeera trading range for the day is 19115-19925. Jeera prices gained on expectation of rising exports demand at the spot market.Moreover, the arrivals have been lower during the first 25 days of current month compared to last month same period too fuelled the uptrend . NCDEX accredited warehouses Jeera stocks gained by 18 tonnes to 1123 tonnes.In Unjha, a key spot market in Gujarat, jeera edged up by 20 Rupees to end at 18990 Rupees per 100 kg. Turmeric trading range for the day is 6042-6266.Turmeric dropped on profit booking tracking weakness in spot demand despite of lower arrivals from the producing regions.At Nizamabad market traders reported arrivals at 20000 quintals, higher by 8000 quintals as against previous day.NCDEX accredited warehouses turmeric stocks gained by 119 tonnes to 4023 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5790 Rupees dropped -60 Rupees. Soya bean trading range for the day is 2978-3028.Soyabean prices dropped due to increasing arrivals in the domestic spot markets.All India soybean arrivals were stood at 145,000-150,000 bags (90 kilogram per bag) as compared to 145,00-150,000 bags. NCDEX accredited warehouses soyabean stocks dropped by 2624 tonnes to 149905 tonnes.At the Indore spot market in top producer MP, soybean dropped -11 Rupees to 3077 Rupees per 100 kgs. Mentha oil trading range for the day is 916.8-981.Mentha oil spot at Sambhal closed at 1088.10 per 1kg. Spot prices was up by Rs.4.00-.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...
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