Thursday, August 17, 2017

EPIC RESEARCH NCDEX UPDATE OF JEERA 17 AUGUST 2017


  • Ref.Soya oil trading range for the day is 644-654. 
  • Ref soyoil dropped tracking weakness in spot demand on profit booking after prices rose as the government raised import duty on edible oils.
  • Import duty on refined edible oil or RBD Palmolein has been increased to 25% from 15% at present.
  • India's edible oil imports during July climbed by 33% to 1.48 million tons as compared to 1.11 million tons in July 2016.
  • At the Indore spot market in Madhya Pradesh, soyoil was steady at 637.3 Rupees per 10 kgs.

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EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 17 AUGUST 2017


  • Soyabean trading range for the day is 3068-3204. 
  • Soyabean ended with gains on supply worries following reports of lower acreages and strong demand for Indian soymeal in export market.
  • As per government data, soybean planting fell 10.4% to 99 lakh hectares compared with the same period last year.
  • NCDEX accredited warehouses soyabean stocks gained by 101 tonnes to 12463 tonnes.
  • At the Indore spot market in top producer MP, soybean dropped -1 Rupees to 3020 Rupees per 100 kgs.

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EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 17 AUGUST 2017


  • Menthaoil trading range for the day is 1154.1-1214.5. 
  • Mentha oil spot at Sambhal closed at 1333.50 per 1kg. Spot prices was up by Rs.27.70/-.
  • Mentha oil extended gains amid pick-up in demand from consuming industries at domestic spot market.
  • Due to tight stock position on fall in arrivals from major producing belts of Chandausi in Uttar Pradesh, mentha prices are getting support.
  • Stock positions of mentha in MCX accredited warehouses were around 10555 drums which is same in comparison to previous day while in process were 1176 drums.


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Wednesday, August 16, 2017

EPIC RESEARCH NCDEX UPDATE OF JEERA 16 AUGUST 2017


  • Jeera trading range for the day is 19130-19770.
  • Jeera prices ended with losses due to fall in domestic as well as export demand at the spot market.
  • Jeera stocks in all the major producing centres are stated to be lower because of weak output in 2016-17.
  • NCDEX accredited warehouses jeera stocks gained by 30 tonnes to 2572 tonnes.
  • In Unjha, a key spot market in Gujarat, jeera edged up by 71.25 Rupees to end at 19384.6 Rupees per 100 kg.

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EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 16 AUGUST 2017


  • Cardamom trading range for the day is 1144.6-1187.6.
  • Cardamom gained on speculative support amid reports of weak rains in the main producing centres of Kerala-the major producing state.
  • Arrivals in auction centres have improved but still insufficient to meet the domestic and export demand.
  • Apart from domestic, export demand is also good as exporters have orders with them.
  • Cardamom prices in spot market gained by 6.80 rupees and settled at 1203.30 rupees.

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EPIC RESEARCH NCDEX UPDATE OF COTTON 16 AUGUST 2017


  • Cotton trading range for the day is 18147-18787.
  • Cotton prices ended with losses due to subdued demand from domestic mills at the spot market.
  • USDA in its WASDE predicted India's 2017-18 fibre consumption to fall to 24.50 million tons compared to 24.75 million in the month of July.
  • This season cotton crop sowing is completed in 11.7 million hectares against 9.90 million hectares in the same period last year.
  • Cotton prices in spot market gained by 120.00 rupees and settled at 20530.00 rupees.
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Monday, August 14, 2017

EPIC RESEARCH NCDEX UPDATE OF JEERA 14 AUGUST 2017



    • Jeera trading range for the day is 18915-19955.
    • Jeera prices gained on reports lower arrivals in Gujarat on expectation of damage to stored jeera due to heavy rains.
    • Jeera output in Gujarat-the major producing states-during 2016-17 was estimated lower at 212,000 ton due to fall in acreage.
    • NCDEX accredited warehouses jeera stocks gained by 51 tonnes to 2542 tonnes.
    • In Unjha, a key spot market in Gujarat, jeera edged up by 13.35 Rupees to end at 19313.35 Rupees per 100 kg.

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EPIC RESEARCH NCDEX UPDATE OF COTTON 14 AUGUST 2017


  • Cotton trading range for the day is 18430-18730.
  • Cotton prices dropped tracking weakness in spot demand on profit booking after prices rose due to concern over loss due to heavy rains.
  • Moreover, industry sources believe that India's cotton yield may decline on whitefly, pink bollworm attacks.
  • All India cotton arrivals are estimated at around 4,800 bales on Aug 9 compared to 5,300 bales in the previous day
  • Cotton prices in spot market dropped by 20.00 rupees and settled at 20410.00 rupees.

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