Wednesday, February 15, 2017

EPIC RESEARCH NCDEX UPDATE OF COTTON 15 FEBRUARY 2017

Cotton trading range for the day is 20593-20953. Cotton prices dropped as buyers were not willing to buy at high prices. As on now about 167 lakh bales of cotton have arrived in the domestic market.  India's cotton arrivals falls 5% to 12.83 million bales on late commencement of supplies though output for the 2016-17 is expected to higher. Cotton prices in spot market dropped by 40.00 rupees and settled at 20600.00 rupees. 
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EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 15 FEBRUARY 2017

Cardamom trading range for the day is 1435.5-1496.5. Cardamom prices ended with losses due to weakness in spot demand amid profit booking after prics gained beacude of shrinking supply.  Good supplies on spot markets as against fears of slowdown in supplies also weighed on prices.  Total arrivals at the auctions stood at 462 ton up 66 ton over the previous week. Cardamom prices in spot market gained by 15.00 rupees and settled at 1473.80 rupees. 
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EPIC RESEARCH NCDEX UPDATE OF MAIZE 15 FEBRUARY 2017

Maize trading range for the day is 1390-1434. Maize prices ended with gains tracking firmness in spot demand and overseas prices.   USDA reported weekly corn export inspections of 1.256 million tonnes, up from 1.124 million tonnes a week ago. Corn ending stocks for the 2016-17 crop were lowered 35 million bushels to 2.32 billion bushels. In Nizamabad maize spot prices gained 0.35 Rupees to 1481 Rupees per 100kgs.
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EPIC RESEARCH NCDEX UPDATE OF JEERA 15 FEBRUARY 2017

Jeera trading range for the day is 16655-17155. Jeera gained on short covering after pressure seen due to commencement of arrivals of new crop in the producing markets of Gujarat.  Quality of new crop jeera is good but moisture is slightly higher due to cold weather conditions in producing areas.  Jeera output in Gujarat is expected to be higher compared to last year due to favourable weather conditions.  In Unjha, a key spot market in Gujarat, jeera edged down by -108.4 Rupees to end at 17696.15 Rupees per 100 kg. 
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EPIC RESEARCH NCDEX UPDATE OF TURMERIC 15 FEBRUARY 2017

Turmeric trading range for the day is 6762-6898. Turmeric gained on short covering after prices dropped on rising arrivals as the harvesting is going on in key producing states. Moreover, turmeric acreage in Telangana and Andhra Pradesh was higher this year as compared to last year. Production of turmeric in Telangana is seen rising 35% on year to 251,000 tn 2016-17 (Jul Jun) due to favourable rains.  In Nizamabad, a major spot market in AP, the price ended at 7305.25 Rupees dropped -36.85 Rupees. 
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EPIC RESEARCH NCDEX UPDATE OF MUSTARD SEED 15 FEBRUARY 2017

Rmseed trading range for the day is 3758-3808. Mustard seed prices ended with losses tracking weakness in spot demand on oversupply woes. According to market participants carry over stock of mustard seed as of Feb 1 is around 350,000-400,000 tons. In addition to this, harvesting has started in full swing in Kota division while new mustard crop all over Rajasthan is in very good condition In Alwar spot market in Rajasthan the prices remains unchanged at0 Rupees to end at 4025 Rupees per 100 kg.
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EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 15 FEBRUARY 2017

CPO trading range for the day is 557.9-576.1. Crude palm oil ended with losses tracking global palm oil prices amid weak demand. Prices of the palm oil were down on subdued demand following weaker Malaysian palm oil export data.  Malaysia palm oil exports during Feb 1-10 fell 3% compared to a month earlier on weak demand from Middle East, data showed. Crude palm oil prices in spot market dropped by 2.30 rupees and settled at 575.50 rupees. 
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EPIC RESEARCH NCDEX UPDATE OF REF. SOYAOIL 15 FEBRUARY 2017

Ref.Soya oil trading range for the day is 671-689. Ref soyoil prices dropped with the fall in spot market on sufficient stocks and steady demand. The higher production estimates of soyoil in the country may keep the stock sufficient for the stockists. The production of edible oil in 2016/17 will be 72.8 lt, up 25.5% compared to last year. At the Indore spot market in Madhya Pradesh, soyoil was steady at 693.15 Rupees per 10 kgs. 
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