Monday, March 27, 2017

EPIC RESEARCH NCDEX UPDATE OF TURMERIC 27 MARCH 2017

  • Turmeric trading range for the day is 6174-6638. 
  • Turmeric prices ended with losses due to higher arrivals and lower demand physical demand. 
  • The supplies are improving and there is good demand for the new season crop too. 
  • NCDEX accredited warehouses turmeric stocks gained by 60 tonnes to 1408 tonnes. 
  • In Nizamabad, a major spot market in AP, the price ended at 6173.1 Rupees remains unchanged at0 Rupees.
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EPIC RESEARCH NCDEX UPDATE OF JEERA 27 MARCH 2017

  • Jeera trading range for the day is 17395-18785. 
  • Jeera prices pared all of its gains on profit booking after prices rallied on expectation of rising exports demand in coming months. 
  •  The carryover stock has dipped to about 2 lakh bags as against the normal 20-25 lakh bags, thereby reducing the availability. 
  • NCDEX accredited warehouses jeera stocks dropped by 93 tonnes to 411 tonnes. 
  • In Unjha, a key spot market in Gujarat, jeera remains unchanged at0 Rupees to end at 18025 Rupees per 100 kg.
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EPIC RESEARCH NCDEX UPDATE OF MAIZE 27 March 2017

  • Maize trading range for the day is 1395-1423. 
  • Maize prices ended with flat node tracking weakness in spot demand and overseas prices amid ample global supply expectations. 
  • The falls come despite the USDA pegging corn exports in the last week above trade expectations. 
  •  At Khanna market in Punjab estimated market supply was at 1050 Quintal, lower by 450 Quintal as against previous day. 
  • In Nizamabad maize spot prices remains unchanged at0 Rupees to 1445 Rupees per 100kgs.
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EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 27 March 2017

  • Cardamom trading range for the day is 1374-1388.6. 
  • Cardamom prices gained on good buying amid a squeeze in supply at auctions held in Kerala and Tamil Nadu. 
  • Cardamom enters its lean season which is between February and May when the supply comes down.  
  • Arrivals last week stood at 295 tonnes as against 390 tonnes the previous week. 
  • Cardamom prices in spot market gained by 10.40 rupees and settled at 1444.00 rupees.  

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EPIC RESEARCH NCDEX UPDATE OF COTTON 27 MARCH 2017

  • Cotton trading range for the day is 21173-21453. 
  • Cotton traded in range amid expectation of export demand on poor response to state reserve auction in China. 
  • Cotton yarn exports to China may increase due to poor response to state reserve auction in China. 
  • Cotton prices can see support on speculation of an El Nino at the beginning of the monsoon. 
  • Cotton prices in spot market gained by 10.00 rupees and settled at 21090.00 rupees.
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Friday, March 24, 2017

EPIC RESEARCH NCDEX UPDATE OF TURMERIC 24 MARCH 2017

  • Turmeric trading range for the day is 6168-6648. 
  • Turmeric prices ended with gains on rising exports demand at the spot market. 
  • Production in the ongoing season is expected to increase mainly on higher sowing area and favourable weather conditions. 
  • NCDEX accredited warehouses turmeric stocks gained by 139 tonnes to 1348 tonnes. 
  • In Nizamabad, a major spot market in AP, the price ended at 6190 Rupees dropped -22.5 Rupees.
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EPIC RESEARCH NCDEX UPDATE OF JEERA 24 MARCH 2017

  • Jeera trading range for the day is 16910-18400. 
  • Jeera prices ended with gains on rising domestic as well as exports demand at the spot market. 
  • Reports showed that production of Jeera in Gujarat will be 2.21 lt, down almost 11%. 
  • NCDEX accredited warehouses jeera stocks gained by 165 tonnes to 504 tonnes. 
  • In Unjha, a key spot market in Gujarat, jeera edged up by 218.95 Rupees to end at 17723.1 Rupees per 100 kg.
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EPIC RESEARCH NCDEX UPDATE OF MAIZE 24 March 2017

  • Maize trading range for the day is 1394-1424. 
  • Maize gained on short covering after prices dropped amid overseas prices on pressure from record South American supplies. 
  • Corn prices dropped after the government Crop Estimates Committee forecast a 2017 harvest of 13.918 million tonnes, 79 percent more than in 2016. 
  • The U.S. Department of Agriculture reported export inspections of U.S. corn in the latest week at 1,547,022 tonnes. 
  • In Nizamabad maize spot prices remains unchanged at0 Rupees to 1440 Rupees per 100kgs.
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