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Thursday, August 28, 2014

AGRI COMMODITY NEWS UPDATE MENTHA OIL 28 - AUG -2014


Menthaoil trading range for the day is 689.5-699.9.
Menthaoil spot is at 765/-. Spot market is up by Rs.3/-.
Mentha oil prices ended with gains supported by improving demand from consuming industries in the spot market.
At Chandausi market sources reported arrivals at 7 Drums (1-drum-180kg), lower by 3 Drums (1-drum-180kg) from previous trading day.
At Bareilly market sources reported arrivals at 5 Drums (1-drum-180kg), down by 1 Drums (1-drum-180kg) from previous day’s arrivals.Visit Here
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AGRI COMMODITY NEWS UPDATE SOYABEAN 28 - AUG -2014



Soyabean trading range for the day is 3294-3388.
Soyabean settled down as pressure seen on an outlook for record U.S. production.
The total sown area as on now stands at 935.06 lakh hectare as compared to 975.87 lakh hectare at this time last year.
Soybean area has increased to 109.09 lakh ha, which is significantly above the 5 year average of 95.7 lakh ha.
At the Indore spot market in top producer MP, soybean gained  8 rupee to 3757 rupee per 100 kgs.Visit Here
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AGRI COMMODITY NEWS UPDATE CHANA 28 - AUG -2014


Chana trading range for the day is 2791-2879.
Chana dropped as market sentiments about output prospects improved due to higher coverage.
Domestic demand for the pea is not strong as quality available in ware house stocks is of inferior variety.
NCDEX accredited warehouses chana stocks dropped by 518 tonnes to 116038 tonnes.
In Delhi spot market, chana dropped  by -3.8 rupee to end at 2915.3 rupee per 100 kgs.Visit Here
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AGRI COMMODITY NEWS UPDATE HALDI 28 - AUG -2014


Turmeric trading range for the day is 6317-6609.
Turmeric settled down tracking weakness in spot demand after prices gained amid export enquiries.
The late monsoon has pushed back turmeric sowing in the top cultivating areas, raising concerns about yields.
NCDEX accredited warehouses turmeric stocks gained by 40 tonnes to 1310 tonnes.
In Nizamabad, a major spot market in AP, the price ended at 6302.6 rupees gained 7.6 rupees.Visit Here
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AGRI COMMODITY NEWS UPDATE JEERA 28 - AUG -2014


Jeera trading range for the day is 11068-11288.
Jeera ended with gains due to the return of buying interest at low levels.
Moreover, fall in supplies from producing belts against fresh buying by retailers and stockiest also supported the uptrend.
India's jeera exports has crossed 50,000 tonnes in the first four months of 2014-15, a rise of 15 per cent from the corresponding period of the previous year.
In Unjha, a key spot market in Gujarat, jeera edged up by 66.35 rupees to end at 11233 rupee per 100 kg.Visit Here
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AGRI COMMODITY NEWS UPDATE REF SOYA OIL 28 - AUG -2014


Ref.Soya oil trading range for the day is 612-630.
Ref soyoil ended with gains as support seen tracking firmness in spot demand amid short covering and lower sowing in Madhya Pradesh.
India's soy exports slumped to 93,000 ton during Apr-Jul from 518,000 ton a year ago due to uncertain soybean crop prospects.
The oilseeds area has increased to 168.28 lakh ha compared to 183.31 lakh ha of last year.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 626.35 rupees per 10 kgsVisit Here
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AGRI COMMODITY NEWS UPDATE MAIZE 28 - AUG -2014


Maize trading range for the day is 1112-1162.
Maize settled down tracking weakness in spot demand and overseas prices pressured by expectations of a bumper crop.
The acreage under Maize stands at 72.18 lakh hectares, which is down 7 lakh hectares compared to the last year.
At New Delhi market sources reported arrivals at 800 quintals, higher by 200 quintals from previous trading day.
In Nizamabad market, maize prices dropped -4.3 rupee to end at 1344 rupees per 10 kg.


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AGRI COMMODITY NEWS UPDATE RM SEED 28 - AUG -2014


Mustard seed futures corrected on Wednesday on profit taking at higher levels and settled 1.06% lower. Weak soybean prices also added to the downside pressure. Prices gained over the last few days on mustard meal export demand.
Mustard meal export increased 114.26% to 87,637 tn in July ’14 compared to 40,902 tn in July ’13. Sowing of mustard seed in 2013-14 stood at 7.13 mn ha as against 6.73 mn ha last year. Agriculture ministry in its 4th advance estimates has pegged 2013-14 mustard output at 7.96 mn tn, down 0.85% compared to 8.03 mn tn in 2012-13.
Outlook
Mustard seed may trade on a mixed note. Meal export demand, lower arrivals and lower output may support prices. However, weak soybean prices may cap the upside and pressurize prices at higher levels.
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