Friday, October 13, 2017

EPIC RESEARCH NCDEX UPDATE OF TURMERIC 13 OCTOBER 2017


  • Turmeric trading range for the day is 7344-7656.
  • Turmeric prices ended with gains following upsurge in domestic as well as export demand in the spot market.
  • Turmeric output may rise at 1-1.1 million tons in 2017-18 season compared to last year.
  • NCDEX accredited warehouses turmeric stocks gained by 20 tonnes to 2910 tonnes.
  • In Nizamabad, a major spot market in AP, the price ended at 7487.5 Rupees gained 54.15 Rupees.

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EPIC RESEARCH NCDEX UPDATE OF RMSEED 13 OCTOBER 2017


  • Rmseed trading range for the day is 3790-3856.
  • Mustard seed prices gained on reports of good meal exports and increasing demand for winter crushing.
  • There are improved mustard meal exports in first 6 month of FY 2017/18.
  • NCDEX accredited warehouses mustard seed stocks dropped by 625 tonnes to 12321 tonnes.
  • In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 3857.65 Rupees per 100 kg.


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EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 13 OCTOBER 2017


  • CPO trading range for the day is 529.1-545.9.
  • Crude palm oil prices dropped on profit booking after prices gained amid rising demand in the spot market and overseas prices.
  • Malaysia, will increase its crude palm oil export tax to 6.5 percent in November, up from 6.0 percent the previous month.
  • Exports of Malaysian palm oil products for October 1-10 rose 18.1 percent to 448,349 tonnes, up from 379,652 tonnes shipped over September 1-10.
  • Crude palm oil prices in spot market gained by 1.60 rupees and settled at 540.80 rupees.

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EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 13 OCTOBER 2017


  • Soyabean trading range for the day is 2898-2946.
  • Soyabean prices gained on expectations of lower arrivals from the major producing belts in the spot market because of festival season in coming weeks.
  • Soyabean improved further on reports that government is expected to step in for procurement of soybean in Maharashtra and Rajasthan to help farmers.
  • NCDEX accredited warehouses soyabean stocks gained by 1711 tonnes to 14829 tonnes.
  • At the Indore spot market in top producer MP, soybean gained  13 Rupees to 2885 Rupees per 100 kgs.

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EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 13 OCTOBER 2017


  • Menthaoil trading range for the day is 1234.2-1271.2.
  • Mentha oil spot at Sambhal closed at 1412.20 per 1kg. Spot prices was up by Rs.18.10/-.
  • Mentha oil dropped on profit booking weighed down by a pickup in sowing, as low demand further pressurized market sentiments.
  • In recent days, arrivals has been average from the spot market of Chandausi which is also giving support to the prices.
  • Stock positions of mentha in MCX accredited warehouses were around 9896 drums which is 48 drums less in comparison to the previous day.

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Thursday, October 12, 2017

EPIC RESEARCH NCDEX UPDATE OF COTTON 12 OCTOBER 2017


  • Cotton trading range for the day is 18990-19490.
  • Cotton prices ended with flat node due to expectation of good production from major producing belts.
  • Though, some losses were capped on reports of good exports demand from the Asian countries.
  • Moreover, wet weather in the states like Telangana may damage ready to harvest cotton which may further cut down on production.
  • Cotton prices in spot market gained by 120.00 rupees and settled at 19130.00 rupees. 
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EPIC RESEARCH NCDEX UPDATE OF TURMERIC 12 OCTOBER 2017


  • Turmeric trading range for the day is 7202-7646.
  • Turmeric ended with gains on expectation of fresh upcountry demand from November.
  • However, upside seen limited on arrivals of medium and poor quality turmeric from the producing regions.
  • NCDEX accredited warehouses turmeric stocks gained by 40 tonnes to 2890 tonnes.
  • In Nizamabad, a major spot market in AP, the price ended at 7433.35 Rupees gained 53.35 Rupees.
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EPIC RESEARCH NCDEX UPDATE OF RMSEED 12 OCTOBER 2017


  • Rmseed trading range for the day is 3804-3870.
  • Mustard seed prices ended with losses on profit booking after price seen supported on reports of good meal exports.
  • Country exported 242,661 tonnes mustard meal during this period which is 76.4% higher on year.
  • NCDEX accredited warehouses mustard seed stocks dropped by 260 tonnes to 12946 tonnes.
  • In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 3857.65 Rupees per 100 kg.

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