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Tuesday, August 04, 2015

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 04 AUGUST 2015

Menthaoil trading range for the day is 900.4-976.4.

Mentha oil spot at Sambhal closed at 1031.40 per 1kg. Spot prices is down by Rs.-6.70/-.

Mentha oil prices dropped amid sluggish demand from consuming industries in the spot market.

Besides, ample stocks in the physical markets following increased arrivals from producing regions too added pressure on mentha oil prices.

At Sambhal market estimated market supply was at 50 Drums (1-drum=180kg), down by 50 Drums (1-drum=180kg) from previous trading day.

For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co 

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 04 AUGUST 2015

Soyabean trading range for the day is 3071-3171.

Soyabean prices dropped as absence of positive news from MP and developments in global soy bean markets continued generating negative tone.

China had cancelled an order for 200,000 tons, USDA report said With the revival of monsoon during the second half of this month the overall sowing and crop conditions are comfortable in the country.

At the Indore spot market in top producer MP, soybean dropped -78 rupee to 3232 rupee per 100 kgs.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co

EPIC RESEARCH NCDEX JEERA UPDATE OF 04 AUGUST 2015

Jeera trading range for the day is 15170-15690.

Jeera prices gained on late short covering after prices dropped as rains in Gujarat and Rajasthan pressurized the market sentiments.

There is a possibility of arriving Jeera from Syria and Turkey in the world market from August, which may be negative for jeera export from India.

NCDEX accredited warehouses jeera stocks dropped by 346 tonnes to 16622 tonnes.

In Unjha, a key spot market in Gujarat, jeera edged up by 123.25 rupees to end at 16264.7 rupee per 100 kg.

For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co

EPIC RESEARCH NCDEX REF. SOYA OIL UPDATE OF 04 AUGUST 2015

Ref.Soya oil trading range for the day is 548-562.

Ref soyoil prices ended with losses due to oversupply woes in global market.

Prices of the soyoil were under pressure on oversupply woes following robust production data from Argentina.

The country produced 3.6 million tons of soy oil in the first half of the year, 3.5% more than the same period last year, the ministry data showed.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 577.85 rupees per 10 kgs.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co 

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 04 AUGUST 2015

CPO trading range for the day is 401.4-418.6.

Crude palm oil prices dropped due to subdued demand following weak Malaysia palm oil export data.

Malaysian palm oil exports in July fell 6.4% from June to 1.54 million tons, DowJones reported citing Intertek Testing Services.

Global palm oil production in 2015/16 forecasted to increase by 6 % to 65.17 million tons (mt) compared to 61.65 mt in 2014/15.

Crude palm oil prices in spot market dropped by 7.30 rupees and settled at 408.80 rupees.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co

EPIC RESEARCH NCDEX MAIZE UPDATE OF 04 AUGUST 2015

Maize trading range for the day is 1248-1298.

Maize prices dropped tracking weakness in spot demand and overseas prices due to forecasts of near-perfect weather across the U.S. Midwest.

For the next two months, August and September the requirement is about 3 million tonne and corn production is not going to hit the market in October.

The availability from Uttar Pradesh is poor and prices are now at over Rs 12,600 per tonne and delivered to Haryana ranging between Rs 14,000-14,400 per tonne.

In Nizamabad maize prices remains unchanged at0 rupee to end at 1209 rupees per 100 kg.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co 

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 04 AUGUST 2015

Rmseed trading range for the day is 4155-4259.

Mustard seed ended with losses tracking weakness in spot demand amid profit booking after prices seen supported on supply concern

However downside seen limited due to hope of improvement in demand from China after the Chinese government lifts a ban on Indian rapeseed meal.

NCDEX accredited warehouses mustard seed stocks dropped by 450 tonnes to 66627 tonnes.

In the Alwar spot market in Rajasthan the price dropped -23.95 rupee to 4297.6 rupees per 100kgs.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co

Monday, August 03, 2015

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 03 AUGUST 2015

Mentha oil trading range for the day is 939.5-967.7.

Mentha oil spot at Sambhal closed at 1038.10 per 1kg. Spot prices is up by Rs.14.10/-.

Mentha oil prices ended with gains amid rising domestic and export demand.

Besides, decline in arrivals from Chandausi in Uttar Pradesh also pushed up mentha oil prices.

Traders waited for the harvesting to get over for a pick up in demand.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co