Thursday, 27 July 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 27 JULY 2017

Cotton trading range for the day is 17833-18993. Cotton prices gained amid heavy rainfall damaged crops in Gujarat and strong demand. Supply in the physical market is low due to heavy rainfall in major fibre producing Cotton has been sown on 104.29 lakh hectares across the country compared to 86.86 lakh hectares during the same period previous year. Cotton prices in spot market gained by 50.00 rupees and settled at 20340.00 rupees.

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EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 27 JULY 2017

Cardamom trading range for the day is 1092.5-1182.5. Cardamom prices gained on good domestic demand amid thin arrivals at auctions held in Kerala and Tamil Nadu. Prices also seen supported as new crop supply coming to the market lower quality as a result of first picking activity. Normally during first and second picking activity Cardamom quality reported lower. Cardamom prices in spot market gained by 1.70 rupees and settled at 1166.30 rupees.

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EPIC RESEARCH NCDEX JEERA UPDATE OF 27 JULY 2017

Jeera trading range for the day is 18965-19805. Jeera prices gained due to dwindling stocks and restricted arrivals in the major markets of Gujarat. Jeera stocks in the producing and consuming markets are state to be lower due to fall in output during 2016-17. NCDEX accredited warehouses jeera stocks dropped by 270 tonnes to 2197 tonnes. In Unjha, a key spot market in Gujarat, jeera edged up by 34 Rupees to end at 19470 Rupees per 100 kg.

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EPIC RESEARCH NCDEX TURMERIC UPDATE OF 27 JULY 2017

Turmeric trading range for the day is 6656-7304. Turmeric prices gained tracking gains in spot demand supported apprehensions of fall in acreage.As per Andhra Pradesh Govt, normal Turmeric area reported around 17695 hectares. NCDEX accredited warehouses turmeric stocks dropped by 219 tonnes to 6162 tonnes. In Nizamabad, a major spot market in AP, the price ended at 7200 Rupees dropped -34.4 Rupees.

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EPIC RESEARCH NCDEX RM SEED UPDATE OF 27 JULY 2017

Rmseed trading range for the day is 3650-3732. Mustard seed gained amid higher demand for rape-meal in export market. Rape/mustard seed's exports during June also spurted to 44,074 tons as compared to 43,636 tons in June 2016. NCDEX accredited warehouses mustard seed stocks dropped by 546 tonnes to 34213 tonnes.In Alwar spot market in Rajasthan the prices gained 1 Rupees to end at 3806.15 Rupees per 100 kg.



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EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 27 JULY 2017

CPO trading range for the day is 480.6-490.2.Crude palm oil gained on short covering after prices dropped on higher stockpiles in domestic market and prospects of robust output from Indonesia. India's Crude palm oil imports climbed by 37.73% in June to 572,388 tons compared to 415,580 tons imported during June 2016. Further, government of India on July 14 also trimmed CPO tariff value to $693 per tons compared to $697 per tons. Crude palm oil prices in spot market dropped by 1.40 rupees and settled at 483.20 rupees.

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EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 27 JULY 2017

Ref.Soya oil trading range for the day is 639-647. Ref soyoil ended with gains on short covering after prices dropped on higher stockpiles in domestic market and weak demand. Around 160,000 tons of soyoil stocks were at various ports of the country, data released by Solvent Extractors Association showed. Total stock of edible oil at ports and in pipelines increased to 2.27 million tons from 2.16 million tons in June 2017. At the Indore spot market in Madhya Pradesh, soyoil was steady at 630.6 Rupees per 10 kgs.

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EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 27 JULY 2017

Soyabean trading range for the day is 2982-3058. Soyabean recovered from lows after prices dropped amid good spell of rain over major bean growing areas spurted expectation of higher supply. As per government data, area under soybean crop across the country for the 2017-18 kharif was 8.45 million hectares till last week. NCDEX accredited warehouses soyabean stocks dropped by 2206 tonnes to 30174 tonnes. At the Indore spot market in top producer MP, soybean dropped -10 Rupees to 2948 Rupees per 100 kgs.



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EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 27 JULY 2017

Menthaoil trading range for the day is 1021-1055.8. Mentha oil spot at Sambhal closed at 1171.70 per 1kg. Spot prices was down by Rs.-1.20/-. Mentha oil ended with losses tracking weakness in spot demand amid profit booking. Further, higher supplies from major producing regions of Chandausi in Uttar Pradesh too weighed on mentha oil. Stock positions of mentha in MCX accredited warehouses were around 7879 drums which is same in comparison to previous day.

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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 27 JULY 2017

Aluminium trading range for the day is 121.9-126.3.Aluminium dropped despite of rise in LME prices due to better demand outlook from China after second-quarter growth beat expectations.Closures of illegal aluminum capacity may add nearly 170,000 tonnes of alumina to spot market per month in the short term.Alumina supply & demand balance in China will depend on how much more aluminum capacity will be closed for the rest of the year.



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