Tuesday, 31 May 2016

EPIC RESEARCH NCDEX CORIANDER UPDATE OF 31 MAY 2016

Coriander prices rose by 0.18 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited  as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, coriander futures for June 2016 contract was trading at Rs. 6,845 per quintal, up by 0.18 per cent after opening at Rs. 6,816 against the previous closing price of Rs. 6,833. It touched the intra-day high of Rs. 6,860 till the trading. Sentiment improved further as the investors enlarged their holdings tracking the surge in the demand for the commodity. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian cuisine.
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EPIC RESEARCH NCDEX COTTON UPDATE OF 31 MAY 2016

Cotton trading range for the day is 17823-18323.
Cotton prices gained as stocks have fallen to 5 year low because of lower output and increased exports.
India's cotton stocks at the beginning of 2016-17 are projected at only 3 million bales, which is lowest in the last five years.
India's 2015-16 cotton acreage was down by 11% at 11.6 million hectare because of below normal 2015 monsoon rains.
Cotton prices in spot market gained by 290.00 rupees and settled at 17820 rupees.
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EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 31 MAY 2016

Cardamom trading range for the day is 786.3-832.1.
Cardamom prices gained due to paucity of supplies and anticipation of delay in new crop supplies.
Current rains over several growing areas are favourable for the standing crops.
Despite rains, new crop arrivals will be late nearly by two months.
Cardamom prices in spot market gained by 2.40 rupees and settled at 786.70 rupees.
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EPIC RESEARCH NCDEX MUSTARD SEED UPDATE OF 31 MAY 2016

Rmseed trading range for the day is 4373-4487.
Mustard seed prices settled flat due to profit booking amid lower demand.
The total crop size of Rajasthan is estimated at 26.02 lakh tonnes against 23.02 lakh tonnes of the previous year.
NCDEX accredited warehouses mustard seed stocks dropped by 283 tonnes to 50498 tonnes.
In Alwar spot market in Rajasthan the prices gained 38.6 rupees to end at 4488.5 rupees per 100 kg.
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