Thursday, 30 July 2015

EPIC RESEARCH NCDEX MUSTARD SEED UPDATE OF 30 JULY 2015

Rmseed trading range for the day is 4119-4183.

Mustard seed prices gained tracking firmness in spot demand on supply concerns in global market.

According to latest USDA report, global rapeseed production is forecast to decline 3.5 million tons in 2015/16.

NCDEX accredited warehouses mustard seed stocks gained by 119 tonnes to 66887 tonnes.

In the Alwar spot market in Rajasthan the price remains unchanged at0 rupee to 4273.65 rupees per 100kgs.

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EPIC RESEARCH NCDEX MAIZE UPDATE OF 30 JULY 2015

Maize trading range for the day is 1246-1262.

Maize settled flat tracking weakness in overseas prices as near-perfect weather weighed on prices.

South Africa kept its 2015 maize output unchanged at 9.755 tonnes, the government's Crop Estimates Committee (CEC) said.

NCDEX accredited warehouses maize stocks dropped by 458 tonnes to 16274 tonnes.

In Nizamabad maize prices gained 6.25 rupee to end at 1384.55 rupees per 100 kg.

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EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 30 JULY 2015

CPO trading range for the day is 416.3-426.9.

Crude palm oil prices dropped due to sluggish demand at the spot market.

Malaysia palm oil exports during July 1-20 dropped 15.52% compared to a month earlier on weak demand from China, India & Subcontinent and European Union.

India's palm oil imports in June jumped 23 percent from a year earlier to 734,358 tonnes, lifting total vegetable oil imports in the month by 15 percent.

Crude palm oil prices in spot market dropped by 3.10 rupees and settled at 419.50 rupees.

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EPIC RESEARCH NCDEX REF. SOYA OIL UPDATE OF 30 JULY 2015

Ref.Soya oil trading range for the day is 566-574.

Ref soyoil prices ended with gains on late short covering after prices dropped earlier tracking weakness in spot demand on oversupply woes.

As per SEA, India’s vegetable oil imports during Jun at 10 lakh tonnes (lh) compared to 8.83 lh in June 2015.

India soybean oil imports are raised 250,000 tons to 2.45 million due to lower domestic crush of soybeans, as per USDA report.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 579.85 rupees per 10 kgs.

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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 30 JULY 2015

Aluminium trading range for the day is 103.2-104.8.

Aluminium settled as prices seen supported as Beijing's latest efforts to prop up values restored a measure of stability.

China imported 7,100 mt of primary aluminum in June, down 51.63% YoY, but up 5.97% MoM, customs data showed.

Aluminum consumption in China’s automobile sector fell 5.8% month-on-month and 0.3% year-on-year to 236,000 tonnes in June.

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EPIC RESEARCH MCX NATURAL GAS UPDATE OF 30 JULY 2015

Naturalgas trading range for the day is 180-185.8.

Naturalgas gained ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel.

Updated weather forecasting models called for hotter than normal temperatures across most parts of the Midwest and East Coast over the next five days.

Goldman Sachs cut its forecasts for natural-gas prices to $2.75/mmBtu in the second half of this year, down from its prior forecast of $3.30/mmBtu.

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EPIC RESEARCH NCDEX JEERA UPDATE OF 30 JULY 2015

Jeera trading range for the day is 14490-15230.

Jeera prices gained on buying support on lower levels amid lower production.

There is a possibility of arriving Jeera from Syria and Turkey in the world market from August.

NCDEX accredited warehouses jeera stocks dropped by -63 tonnes to 17034 tonnes.

In Unjha, a key spot market in Gujarat, jeera remains unchanged at0 rupees to end at 16327.15 rupee per 100 kg.

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EPIC RESEARCH NCDEX TURMERIC UPDATE OF 30 JULY 2015

Turmeric trading range for the day is 6682-7070.

Turmeric prices gained due to lower production on account of adverse Monsoon in producing regions.

Turmeric sowing area reported high in Maharashtra and Tamil Nadu state during the current sowing period.

NCDEX accredited warehouses turmeric stocks dropped by 1339 tonnes to 13471 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 7191.65 rupees dropped -3.55 rupees.

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EPIC RESEARCH NCDEX CHANA UPDATE OF 30 JULY 2015

Chana trading range for the day is 4525-4659.

Chana prices gained driven by pickup in demand against declining supplies at major trading stations.

Agriculture Ministry in its Kharif sowing update has increased Kharif Pulses acreage jumped by 50% to 7.26 million hectare.

NCDEX accredited warehouses chana stocks gained by 49 tonnes to 133948 tonnes.

In Delhi spot market, chana gained by 33.6 rupee to end at 4650 rupee per 100 kgs.

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EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 30 JULY 2015

Soyabean trading range for the day is 3224-3344.

Soyabean prices dropped on late profit booking after gained earlier in the day due to lower stockpiles after USDA trimmed US stockpiles forecast.

Soybean’s downside was limited support seen from USDA report that showed national good-to-excellent ratings for the crop held steady.

The USDA said 62 percent of the U.S. soybean crop was in good to excellent condition, same as last week, but below the previous year's 71 percent.

At the Indore spot market in top producer MP, soybean gained 6 rupee to 3310 rupee per 100 kgs.

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