Thursday, 18 January 2018

EPIC RESEARCH NCDEX COTTON UPDATE OF 18 JANUARY 2018

Cotton trading range for the day is 20513-20853. Cotton dropped amid improved supply prospects owing to higher production and weak demand. USDA hiked global production forecast by one million bales to 120.97 million bales on higher China output. Cotton production in China is likely to increase by 16% in the current year. USDA lowered global ending stocks slightly to 87.79 million bales in Jan.Cotton prices in spot market gained by 10.00 rupees and settled at 19930.00 rupees.



For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664

EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 18 JANUARY 2018

Cardamom trading range for the day is 1114.8-1134.8. Cardamom dropped amid higher arrivals at auctions held in Kerala and Tamil Nadu. Arrivals dropped at the Cardamom Planters Association (CPA) Santhanpara auction in Bodinayakannur. Total arrivals increased last week to 814 tonnes from 789 tonnes the previous week. Cardamom prices in spot market gained by 10.20 rupees and settled at 1055.80 rupees.



For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664

EPIC RESEARCH NCDEX JEERA UPDATE OF 18 JANUARY 2018

Jeera trading range for the day is 16500-16950.Jeera prices ended with losses on increased supply amid good progress of jeera sowing in Gujarat. Pressure also seen as output is expected to be higher in the wake of increased sowing in both the producing states-Gujarat and Rajasthan. NCDEX accredited warehouses jeera stocks dropped by 140 tonnes to 10205 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by -146.4 Rupees to end at 20689.3 Rupees per 100 kg.

For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664

EPIC RESEARCH NCDEX TURMERIC UPDATE OF 18 JANUARY 2018

Turmeric trading range for the day is 7414-7674.Turmeric prices gained on expectation of improvement in up country demands for new season crop. Daily arrivals in Nizamabad are estimated around 1,000 bags of 70 kg each with moisture of nearly 12-13%. New crop would commence by the end of this month and expectations of selling by the AP Markfed. In Nizamabad, a major spot market in AP, the price ended at 7650 Rupees gained 25 Rupees.

For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664

EPIC RESEARCH NCDEX RM SEED UPDATE OF 18 JANUARY 2018

Rmseed trading range for the day is 4022-4098. Mustard seed prices dropped due to profit booking by the market participants tracking weak response in physical market. The area under the mustard crop across the country was at 6.5 mln ha, down 6.2% on year, according to data from the farm ministry. NCDEX accredited warehouses mustard seed stocks dropped by 271 tonnes to 10309 tonnes.In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 3973.5 Rupees per 100 kg.

For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 18 JANUARY 2018

CPO trading range for the day is 547.2-558.2. Crude palm oil dropped tracking weakness in spot demand and overseas prices amid sufficient supplies. Malaysia exported 552,635 tonnes of palm oil products from Jan. 1 to 15, down 7.4 percent from 596,862 tonnes during Dec. 1 to 15. Government increase tariff value for CPO by $16 per tn to $676 while reduce tariffs for RBD Palmolein $22 to $690 for the second half of Jan.Crude palm oil prices in spot market dropped by 2.50 rupees and settled at 547.60 rupees.



For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 18 JANUARY 2018

Ref.Soya oil trading range for the day is 733-745. Ref soyoil ended with losses tracking weakness in physical demand.Prices have been trading in a range due to higher stocks in the country and sufficient stocks in the pipeline amid improved domestic crushing and higher imports. India's edible oil imports fell 10% on year to 10.6 lakh tonnes in December due to a sharp hike in import duty. At the Indore spot market in Madhya Pradesh, soyoil was steady at 738.1 Rupees per 10 kgs.

For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 18 JANUARY 2018

Menthaoil trading range for the day is 1549.7-1607.1.Mentha oil spot at Sambhal closed at 1849.10 per 1kg. Spot prices was up by Rs.43.30/-. Mentha oil prices ended with gains amid pick-up in demand from consuming industries in the domestic spot market. Further, tight stocks position on restricted supplies from Chandausi in Uttar Pradesh too supported mentha oil prices upside. Due to the increased production and usage of synthetic mentha in the recent years, demand for natural mentha has decreased.

For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 18 JANUARY 2018

Soyabean trading range for the day is 3270-3390. Soyabean prices remained supported as its supplies have been diminishing slowly in the physical market Soybean arrivals in local mandis averaged at 300,000-350,000 bag (per bag of 90-100 kg) during past five trading days. NCDEX accredited warehouses soyabean stocks gained by 839 tonnes to 218379 tonnes. At the Indore spot market in top producer MP, soybean gained 18 Rupees to 3368 Rupees per 100 kgs.



For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 18 JANUARY 2018

Aluminium trading range for the day is 138.9-141.3. Aluminium dropped as improving weather conditions smoothed the flow of ingots from China's remote northwestern Xinjiang region. Pressure also seen on prices as deliverable Shanghai Futures Exchange aluminium stocks at a record 773,941 tonnes. Aluminium stocks held at three major Japanese ports rose about 3 percent to 241,900 tonnes by end-December from the previous month.



For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664

 
biz.