Friday, February 16, 2018

EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 16 FEBRUARY 2018


  • Cardamom trading range for the day is 1136.3-1160.3. 
  • Cardamom prices dropped due to falling supplies due to fag-end of the season.
  • Persistent demand from exporters due to poor availability of quality cardamom from Guatemala also supporting prices.New crop supplies of cardamom may start only in June this year while weak rains in January may impact yield.
  • Cardamom prices in spot market dropped by 8.30 rupees and settled at 1093.80 rupees.

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EPIC RESEARCH NCDEX UPDATE OF JEERA 16 FEBRUARY 2018


  • Jeera trading range for the day is 15670-1610.
    • Jeera prices dropped on increased arrivals of cumin from growing belts.
    • India's 2016-17 cumin output fell to 489,000 ton from 503,000 ton a year ago and as a result stocks with traders and farmers are stated to lower.
    • NCDEX accredited warehouses jeera stocks dropped by 394 tonnes to 8504 tonnes.
    • In Unjha, a key spot market in Gujarat, jeera edged down by -9.55 Rupees to end at 19252.95 Rupees per 100 kg.
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    EPIC RESEARCH NCDEX UPDATE OF RMSEED 16 FEBRUARY 2018


    • Rmseed trading range for the day is 4030-4118. 
    • Mustard seed prices traded in range tracking steady
      demand by the oil mills.
    • India's mustard stocks as on now are seen at 342,000 tn, up 47% from 232,000 tn a year ago.
    • Mustard production in the Madhya Pradesh, is seen at 976,000 tn compared with 920,000 tn the previous year.
    • In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 4025 Rupees per 100 kg.

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    EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 16 FEBRUARY 2018


    • CPO trading range for the day is 574.2-580. 
    • Crude palm oil ended with gains driven by firmness in demand from spot market. 
    • Malaysia exported 608,447 tonnes of palm oil products from Feb. 1 to 15, up 10.1 percent from 552,635 tonnes during Jan. 1 to 15, cargo surveyor Intertek Testing Services said.
    • Crude palm oil output in Malaysia, dropped by 13.49% compared to previous month while exports climbed by 6%, data released by MPOB showed.
    • Crude palm oil prices in spot market dropped by 0.10 rupees and settled at 571.00 rupees.

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    EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 16 FEBRUARY 2018


    • Ref.Soya oil trading range for the day is 734-742. 
    • Ref soyoil ended with losses despite of lower supply in global market amid reviving demand.
    • India's vegoil imports in January rose 25 percent to 1.3 million tonnes from a year ago, a trade body said.
    • India's oilmeal exports dropped by 52% compared to same period a year ago on higher prices amid higher prices, provisional data showed.
    • At the Indore spot market in Madhya Pradesh, soyoil was steady at 736.1 Rupees per 10 kgs.

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    EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 16 FEBRUARY 2018


    • Soyabean trading range for the day is 3662-3878 
    • Soyabean prices dropped on profit booking after prices gained amid improved demand from the oil mills.
    • Survey by SOPA, estimates India's soybean output at 8.35 million tonnes for the harvesting season 2017-18, about 24 percent lower
    • NCDEX accredited warehouses soyabean stocks dropped by 260 tonnes to 185888 tonnes.
    • At the Indore spot market in top producer MP, soybean dropped  -33 Rupees to 3822 Rupees per 100 kgs.

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    EPIC RESEARCH NCDEX UPDATE OF TURMERIC 16 FEBRUARY 2018


    • Menthaoil trading range for the day is 1301.4-1419.4.
    • Mentha oil spot at Sambhal closed at 1568.40 per 1kg. Spot prices was down by Rs.-55.20/-.
    • Mentha oil prices dropped due to subdued demand from consuming industries at the spot market.
    • However, higher supplies from major producing belts of Chandausi in Uttar Pradesh, capping some gains.
    • Stock positions of mentha in MCX accredited warehouses were around 3197 drums which is 24 drums less in comparison to previous day.

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    Thursday, February 15, 2018

    EPIC RESEARCH NCDEX UPDATE OF JEERA 15 FEBRUARY 2018


    • Jeera trading range for the day is 15680-16160.
    • Jeera prices dropped on anticipation of higher production and start of new season arrivals amid reports of higher acreage.
    • Pressure also seen as for the current year output estimates are higher.
    • NCDEX accredited warehouses jeera stocks gained by 394 tonnes to 8898 tonnes.
    • In Unjha, a key spot market in Gujarat, jeera edged down by -4.15 Rupees to end at 19262.5 Rupees per 100 kg.
    911 133 9000 911 133 9000
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