Friday, April 21, 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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  • Turmeric 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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  • 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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  • 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

  • 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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  • 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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