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Commodity Market important Updates for 17 May 2017

Commodity Market important Updates for 17 May 2017

Jeera trading range for the day is 17660-18420.Jeera prices gained trackinng firmness in spot demand on lower arrivals from the producing regions.Sources estimate Indias jeera crop output will be around 2.5 lakh tonnes, lower than the 3.75 to 5 lakh-tonne estimated.NCDEX accredited warehouses jeera stocks gained by 297 tonnes to 2473 tonnes.In Unjha, a key spot market in Gujarat, jeera edged up by 3.1 Rupees to end at 18423.1 Rupees per 100 kg. Turmeric trading range for the day is 5526-5810.Turmeic prices dropped tracking weakness in spot demand as demand was lower from industrial buyers.Andhra Pradesh government projected 2016-17 turmeric crop at 155,000 ton up from 121,000 ton in the previous year.NCDEX accredited warehouses turmeric stocks gained by 239 tonnes to 5625 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5566.65 Rupees gained 6.65 Rupees. Soyabean trading range for the day is 2733-2931.Soyabean prices ended with losses on account of lower demand and arrivals in local mandis spurted as marginal.Arrivals in the local mandis also rose as farmers are offloading to prepare for next sowing.NCDEX accredited warehouses soyabean stocks dropped by 842 tonnes to 127274 tonnes.At the Indore spot market in top producer MP, soybean dropped -45 Rupees to 2996 Rupees per 100 kgs. Menthaoil trading range for the day is 940.8-966.8.Mentha oil spot at Sambhal closed at 1072.00 per 1kg. Spot prices was up by Rs.3.20-.Mentha oil dropped amid reports that carryover stocks are huge against the current consumption level.As per sources, local demand is moderate from both the local industries as well as stockists.Stock positions of Mentha in MCX accredited warehouses were around...
Commodity Market important Updates for 12 May 2017

Commodity Market important Updates for 12 May 2017

Jeera trading range for the day is 18195-18955.Jeera prices ended with gains tracking firmness in spot demand amid expectations good export demand. However, supplies are expected to improve in the major physical market on strong selling pressure from farmers limiting the gains.NCDEX accredited warehouses jeera stocks gained by 15 tonnes to 2458 tonnes.In Unjha, a key spot market in Gujarat, jeera edged down by -135.9 Rupees to end at 18533.35 Rupees per 100 kg. Turmeric trading range for the day is 5564-5732.Turmeric prices gained amid expectations of fresh buying from lower price levels. Market focus may gradually shift towards monsoon in 2017 and sowing acreage under turmeric.NCDEX accredited warehouses turmeric stocks gained by 164 tonnes to 5284 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5497.05 Rupees gained 47.05 Rupees. Soyabean trading range for the day is 2908-2958.Soyabean prices ended with gains as spot prices improved on good meal exports data.According the latest forecast by IMD, India may receive higher monsoon than previous forecast in April.NCDEX accredited warehouses soyabean stocks dropped by 1813 tonnes to 134148 tonnes.At the Indore spot market in top producer MP, soybean gained 3 Rupees to 3077 Rupees per 100 kgs. Menthaoil trading range for the day is 905.4-946.6.Mentha oil spot at Sambhal closed at 1049.00 per 1kg. Spot prices was down by Rs.-7.30-.Mentha oil prices gained amid surge in demand in the domestic spot market.Further, tight stocks position on restricted supplies from producing regions, too supported mentha oil prices.Stock positions of Mentha in MCX accredited warehouses were around 4727 drums, while in process were 24 drums. Aluminium trading range for...
Commodity Market important Updates for 03 May 2017

Commodity Market important Updates for 03 May 2017

Jeera trading range for the day is 18415-20255.Jeera dropped 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 also weighed.NCDEX accredited warehouses jeera stocks gained by 159 tonnes to 1282 tonnes.In Unjha, a key spot market in Gujarat, jeera edged up by 66.25 Rupees to end at 19056.25 Rupees per 100 kg. Turmeric trading range for the day is 5748-6168.Turmeric prices dropped as fresh selling is observed due to steady demand despite lower arrivals in the physical 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 289 tonnes to 4312 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 2904-3056.Soyabean prices ended with losses tracking weakness in spot demand due to ample available stocks in the country.The USDA raised its forecast for Brazilian soybean production for the 20162017 crop year.NCDEX accredited warehouses soyabean stocks dropped by 1777 tonnes to 148128 tonnes.At the Indore spot market in top producer MP, soybean gained 4 Rupees to 3081 Rupees per 100 kgs. Mentha oil trading range for the day is 909.3-960.7.Mentha oil spot at Sambhal closed at 1084.50 per 1kg. Spot prices was down by Rs.-3.60-.Mentha oil dropped amid sluggish demand in the domestic spot market.Further, ample stocks position on higher supplies from major producing belts of Chandausi in Uttar Pradesh, too influenced mentha oil prices.A large number of small and marginal farmers from Uttar Pradesh,...
Commodity Market important Updates for 18 April 2017

Commodity Market important Updates for 18 April 2017

Jeera trading range for the day is 18810-20030.Jeera prices gained on a lower output forecast and strong demand from overseas buyers. Reports to poor output in two other major producing countries, Syria and Turkey also supporting ptices. NCDEX accredited warehouses jeera stocks gained by 15 tonnes to 855 tonnes.In Unjha, a key spot market in Gujarat, jeera edged up by 499.15 Rupees to end at 19186.65 Rupees per 100 kg. Turmeric trading range for the day is 6032-6292.Turmeric prices dropped continuing its weak trend due to new crop supplies amid weak buying. However, there are concerns over crop in TN amid drought like situation which could support prices in medium term. NCDEX accredited warehouses turmeric stocks gained by 288 tonnes to 3109 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5935 Rupees dropped -40 Rupees. Soyabean trading range for the day is 2956-3042.Soyabean prices ended with gains tracking firmness in overseas prices as rains delayed fieldwork in parts of the U.S. grain belt.The USDA raised its forecast of global soybean stocks at the end of the 2016-17 marketing year to 87.41 million tonnes.NCDEX accredited warehouses soyabean stocks dropped by 4108 tonnes to 178164 tonnes.At the Indore spot market in top producer MP, soybean gained 10 Rupees to 3082 Rupees per 100 kgs. Menthaoil trading range for the day is 948.4-1001.4.Mentha oil spot at Sambhal closed at 1117.30 per 1kg. Spot prices was down by Rs.-7.10-.Mentha oil dropped on the speculation the area under cultivation can increase this year resulting good production.A better price recovery in mentha oil is expected to boost production of the crop...
Commodity Market important Updates for 11 April 2017

Commodity Market important Updates for 11 April 2017

Jeera trading range for the day is 18770-19510.Jeera prices gained in the wake of reports of fall in output in both Gujarat and Rajasthan. Daily jeera arrivals have been rising in the markets of Gujarat.NCDEX accredited warehouses jeera stocks gained by 189 tonnes to 828 tonnes.In Unjha, a key spot market in Gujarat, jeera edged up by 123.35 Rupees to end at 18713.35 Rupees per 100 kg. Turmeric trading range for the day is 6130-6406.Turmeric prices dropped due to rising arrivals on the back of increased output.Indias Apr-Dec turmeric export 25% to 85,500 ton on year. Last year, India exported 68,500 ton in the same period.NCDEX accredited warehouses turmeric stocks gained by 128 tonnes to 2454 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5981.65 Rupees remains unchanged at0 Rupees. Soyabean trading range for the day is 2880-2958.Soyabean dropped tracking weakness in spot demand on oversupply woes despite of hope of higher demand.Prices remained under pressure on expectation of bumper output in India and other top producers of the world.NCDEX accredited warehouses soyabean stocks dropped by 1679 tonnes to 186561 tonnes.At the Indore spot market in top producer MP, soybean gained 12 Rupees to 3042 Rupees per 100 kgs. Menthaoil trading range for the day is 974-1012.2.Mentha oil spot at Sambhal closed at 1133.30 per 1kg. Spot prices was up by Rs.7.80-.Mentha oil prices dropped on speculation that the area under cultivation can increase this year resulting good production. However downside seen limited amid tight stocks position on restricted supplies from producing belts.Sources mentioned that nearly 14500 MT of mint products were exported in six...
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