Tuesday, 28 June 2016

EPIC RESEARCH NCDEX COTTON UPDATE OF 28 JUNE 2016

Cotton trading range for the day is 19323-19783. Cotton prices rallied on weak sowing prospects in domestic markets. Large drop in sowing due to late and below normal rains are pushing the prices of cotton. About cotton sowing stood lower at 1.9 million hectare as against 3.48 million hectares a year ago. Cotton prices in spot market gained by 230.00 rupees and settled at 19740.00 rupees.
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EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 28 JUNE 2016

Cardamom trading range for the day is 850.2-876. Cardamom prices gained due to dwindling supplies and uncertainty over the next crop. There is shortage of quality stocks and new crops supplies would be late. Cardamom stock in Delhi market is estimated around 5,000 bags of 5 kilogram each. Cardamom prices in spot market gained by 12.10 rupees and settled at 855.30 rupees.
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EPIC RESEARCH NCDEX MUSTARD SEED UPDATE OF 28 JUNE 2016

Rmseed trading range for the day is 4681-4755. Mustard seed prices ended with gains on global supply worries. Mustard seed were supported by supply worries after USDA in its monthly report trimmed rape seed output of Canada. NCDEX accredited warehouses mustard seed stocks gained by 128 tonnes to 52696 tonnes. In Alwar spot market in Rajasthan the prices gained 25.75 rupees to end at 4746 rupees per 100 kg.
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EPIC RESEARCH NCDEX MAIZE UPDATE OF 28 JUNE 2016

Maize trading range for the day is 1639-1695. Maize prices ended with gains tracking firmness in spot demand and overseas prices. India is expected to have produced 21.02 million tonnes of maize in 2015-16. NCDEX accredited warehouses maize stocks gained by 58 tonnes to 5859 tonnes. In Nizamabad maize spot prices gained 5.95 rupees to 1695 rupees per 100kgs.
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