Friday, April 21, 2017

EPIC RESEARCH NCDEX UPDATE OF Cotton 21 April 2017

  • Cotton trading range for the day is 20863-21503. 
  • Cotton prices gained due to rising demand from traders and stockists at the spot market. 
  • Prices also seen supported on probability that the El Nino phenomenon may occur during second half of monsoon month which may affect cotton yield. 
  • As per CAI, cotton crop estimate for the ongoing cotton season at 340.50 lakh bales of 170 kgs each. 
  • Cotton prices in spot market gained by 80.00 rupees and settled at 20720.00 rupees.
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EPIC RESEARCH NCDEX UPDATE OF TURMERIC 21 April 2017

  • urmeric trading range for the day is 6054-6210. 
  • Turmeric prices ended with gains as support seen due to rising exports demand at the spot market. 
  •  At Nizamabad market arrivals were reported at 15000 quintals, lower by 3000 quintals as against previous day. 
  • NCDEX accredited warehouses turmeric stocks dropped by 318 tonnes to 3208 tonnes. 
  • In Nizamabad, a major spot market in AP, the price ended at 5800 Rupees dropped -50 Rupees.
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EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 21 April 2017

  • Soyabean trading range for the day is 2966-3100. 
  • Soyabean prices gained as supplies are diminishing but the demand for crushing is intact due to encouraging soy meal exports. 
  • As per data, arrivals of soybean during Apr 1-15 are 120,423 while during in Mar it was about 1,64,286 tonnes during same time frame. 
  • NCDEX accredited warehouses soyabean stocks dropped by 664 tonnes to 170780 tonnes. 
  • At the Indore spot market in top producer MP, soybean gained 3 Rupees to 3089 Rupees per 100 kgs.
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EPIC RESEARCH NCDEX UPDATE OF MENTHAOIL 21 April 2017

  • Menthaoil trading range for the day is 935.6-956.4. 
  • Mentha oil spot at Sambhal closed at 1103.50 per 1kg. Spot prices was up by Rs.8.50/-. 
  • Mentha oil prices gained on short covering amid rise in demand in the domestic spot market. *Further, tight stocks position on restricted supplies from producing regions, too supported mentha oil prices. 
  •  India exported 21,150 metric tonnes of mentha and allied products, valued at Rs 2,577.59 crore in FY16.
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Thursday, April 20, 2017

EPIC RESEARCH NCDEX UPDATE OF JEERA 20 April 2017

  • Jeera trading range for the day is 19055-19975. 
  • Jeera prices ended with losses on profit booking after prices gained on a lower output forecast and strong demand from overseas buyers. 
  • Sources estimate India’s 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 12 tonnes to 873 tonnes. 
  •  In Unjha, a key spot market in Gujarat, jeera edged up by 82.15 Rupees to end at 19082.15 Rupees per 100 kg.
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EPIC RESEARCH NCDEX UPDATE OF TURMERIC 20 April 2017

  • Turmeric trading range for the day is 5990-6206. 
  • Turmeric prices ended with losses on profit booking after prices gained as support seen as the turmeric arrivals in the country is sliding. 
  • India's crucial monsoon rains are expected to be average in 2017, a senior official at the weather office said, easing concerns over farm. 
  • NCDEX accredited warehouses turmeric stocks gained by 357 tonnes to 3526 tonnes. 
  •  In Nizamabad, a major spot market in AP, the price ended at 5800 Rupees dropped -50 Rupees.
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EPIC RESEARCH NCDEX UPDATE OF MUSTARD SEED 20 April 2017

  • Rmseed trading range for the day is 3768-3844. 
  • Mustard seed prices ended with flat node on oversupply woes and weak demand.  
  • Good weather and increase in MSP, which attracted farmers to plant higher mustard, resulted into record crop of over 71.09 lakh tonnes 
  • NCDEX accredited warehouses mustard seed stocks gained by 524 tonnes to 17307 tonnes. 
  • In Alwar spot market in Rajasthan the prices gained 7.5 Rupees to end at 3767.5 Rupees per 100 kg. 

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EPIC RESEARCH NCDEX UPDATE OF MENTHAOIL 20 April 2017

  • Menthaoil trading range for the day is 917.9-972.1. 
  • Mentha oil spot at Sambhal closed at 1095.00 per 1kg. Spot prices was down by Rs.-15.60/-. 
  • 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 by 12% this year. 
  • A large number of small and marginal farmers from Uttar Pradesh, Himachal Pradesh, Haryana and other places sowed mentha in January.
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