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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 17 April 2017

Soyabean trading range for the day is 2945-3023.Soyabean gained on account of higher demand and tighter supplies in the domestic market.Soybean arrivals in local mandis during March fell by 23% compared to previous month as farmers were reluctant to sell crops at lower prices.NCDEX accredited warehouses soyabean stocks dropped by 787 tonnes to 182272 tonnes.At the Indore spot market in top producer MP, soybean gained 13 Rupees to 3072 Rupees per 100 kgs. Menthaoil trading range for the day is 979-999.8.Mentha oil spot at Sambhal closed at 1124.40 per 1kg. Spot prices was up by Rs.4.20-.Mentha oil settled up amid pick-up in demand in the domestic spot market.Further, tight stocks due to fall in arrivals from Chandausi too led to the rise in mentha oil prices.Total production of mentha oil during the current season is 32,000-34,000 tonnes against preliminary estimates of around 40,000 tonnes. Aluminium trading range for the day is 121.8-124.Aluminium prices gained amid short covering after Chinas economic outlook brightens as trade beats forecasts.China exported 410,000 tonnes of unwrought aluminium and aluminium products, up from Februarys 260,000 tonnes. Chinas aluminium makers have stepped up exports as a healthier global manufacturing climate and declining world stockpiles boost demand. Nickel trading range for the day is 619.7-637.9.Nickel prices ended with losses as pressure continues as mounting geopolitical tensions curbed appetite for risk.Inventories of nickel ore at Chinas major ports were about 7.80 million tonnes by the end of March, and those ores were only 2.9-month sufficient for production.Nickel market returns to be subject to market fundamentals after the commodity market digested the news in early April that China will...
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