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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 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 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...
Commodity Market important Updates for 23 March 2017

Commodity Market important Updates for 23 March 2017

Jeera trading range for the day is 16695-17545. Jeera prices ended with gains on reports of lower production estimates in the producing belts of Gujarat. The carryover stock has dipped to about 2 lakh bags (each of 55 kg) as against the normal 20-25 lakh bags. NCDEX accredited warehouses jeera stocks gained by 30 tonnes to 339 tonnes. In Unjha, a key spot market in Gujarat, jeera edged up by 89.85 Rupees to end at 17504.15 Rupees per 100 kg. Turmeric trading range for the day is 6132-6440.Turmeric prices dropped due to increasing in the face of weak domestic and weak export buying. Tight money market and reports of increased production the back of favorable weather may pressurize prices. NCDEX accredited warehouses turmeric stocks gained by 159 tonnes to 1209 tonnes. In Nizamabad, a major spot market in AP, the price ended at 6212.5 Rupees dropped -0.85 Rupees. Soyabean trading range for the day is 2870-2962.Soyabean prices ended with gains on account of lower supplies at the spot market. Soybean exports during Oct-Feb were estimated at 112,000 tonnes, compared with 80,186 tonnes in the year-ago period, as per SOPA data. NCDEX accredited warehouses soyabean stocks dropped by 2694 tonnes to 199277 tonnes. At the Indore spot market in top producer MP, soybean gained 2 Rupees to 3034 Rupees per 100 kgs. Menthaoil trading range for the day is 948.3-999.5.Mentha oil spot at Sambhal closed at 1119.20 per 1kg. Spot prices was down by Rs.-16.00-.Mentha oil dropped on fresh selling after the speculation that sowing activity had been increased in key production area. Mentha oil prices also dropped on account...
Commodity Important Updates for 2 Feb 2017

Commodity Important Updates for 2 Feb 2017

Jeera trading range for the day is 17635-18305.Jeera prices gained on anticipation of higher demand for the new season jeera crop. There is a forecast of fall in jeera production by 12 % to 387,000 tonnes during 2016-17 due to lower acreage. At Rajkot market in Rajkot (Guj.), total arrivals are at 125 quintal, lower by 60 quintal as against previous day. In Unjha, a key spot market in Gujarat, jeera remains unchanged at0 Rupees to end at 18446.15 Rupees per 100 kg. Soyabean trading range for the day is 3047-3143.Soyabean prices gained as support seen on lower level buying after prices dropped amid ample supplies in the physical market. The bulk buyers and oil millers are quite active at lower levels keeping pressure on prices. NCDEX accredited warehouses soyabean stocks gained by 2797 tonnes to 184088 tonnes. At the Indore spot market in top producer MP, soybean gained 21 Rupees to 3041 Rupees per 100 kgs. Menthaoil trading range for the day is 996.7-1023.9.Mentha oil spot at Sambhal closed at 1123.80 per 1kg. Spot prices was up by Rs.5.80-.Mentha oil prices gained amid rise in physical demand for mentha oil in the domestic spot market. Further, tight stocks position on restricted supplies from major producing belts of Chandausi in Uttar Pradesh, too supported 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 120.4-124.4.Aluminium dropped as the dollar recovered and profit-taking after the prices rose on talk of potential capacity cuts in China. U.S. factory activity accelerated to more...
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