Friday, 28 August 2015

EPIC RESEARCH NCDEX CORIANDER UPDATE OF 28 AUGUST 2015

Coriander gains 0.68% on limited suppliesCoriander prices rose by 0.7 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, coriander futures for September 2015 contract was trading at Rs. 10,834 per quintal, up by 0.7 per cent after opening at Rs. 10,759 against the previous closing price of Rs. 10,759.
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EPIC RESEARCH NCDEX CASTORSEED UPDATE OF 28 AUGUST 2015

Pickup in demand lifts Castorseed futuresCastorseed prices rose by 0.05 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings.
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EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 28 AUGUST 2015

Good buying  support lifts Cardamom futuresCardamom prices rose by 0.26 per cent on Friday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. At MCX, Cardamom futures for September 2015 contract were trading at Rs 805.50 per kg, up by 0.26 per cent, after opening at Rs. 810 against the previous closing price of Rs. 803.40. It touched the intra-day high of Rs. 810.90 till the trading. (At 10.45 AM today).
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EPIC RESEARCH NCDEX MUSTARD SEED UPDATE OF 28 AUGUST 2015

Rmseed trading range for the day is 4196-4272.

Mustard Seed settled flat despite of supply worries and on improvement in demand.

Prices of the mustard seed were also supported as consumption of mustard oil increases during the festival months of Aug-Nov.

NCDEX accredited warehouses mustard seed stocks dropped by 433 tonnes to 63590 tonnes.

In the Alwar spot market in Rajasthan the price remains unchanged at0 rupee to 4417.4 rupees per 100kgs.

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EPIC RESEARCH NCDEX MAIZE UPDATE OF 28 AUGUST 2015

Maize trading range for the day is 1350-1384.

Maize prices dropped due to weak physical market sentiments, where prices remained under supply pressure.

South Africa slightly raised its 2015 maize output forecast to 9.838 million tonnes, the government's Crop Estimates Committee said.

The crop in Africa's biggest producer will consist of an estimated 4.65 million tonnes of white maize and 5.18 million tonnes of yellow, the CEC said.

In Nizamabad maize prices dropped -14.75 rupee to end at 1492.5 rupees per 100 kg.

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EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 28 AUGUST 2015

CPO trading range for the day is 349.2-365.8.

Crude palm oil prices ended with gains on short covering and on improved export demand.

The Malaysian Palm Oil Board’s latest July statistics showed that palm oil stocks rose to 2.27 million tonnes with production surging to 1.82 million tonnes.

Malaysia, kept its crude palm oil export tax for September at zero percent, extending duty-free exports from August.

Crude palm oil prices in spot market dropped by 0.10 rupees and settled at 356.00 rupees.

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EPIC RESEARCH NCDEX REF. SOYA OIL UPDATE OF 28 AUGUST 2015

Ref.Soya oil trading range for the day is 564-580.

Ref soyoil prices ended with gains tracking firmness in spot demand amid short covering.

Prices also seen supported tracking firmness in soyabean prices on account of weak arrivals from the major producing belts.

Oilseeds sowing rose to 12.71 million hectare from only 3.8 million hectare a year ago on the back of steep rise in soybean and groundnut acreage.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 576.75 rupees per 10 kgs.

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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 28 AUGUST 2015

Aluminium trading range for the day is 99.2-103.6.

Aluminium prices gained as US stock market rose on positive US Q2 GDP, so did crude oil prices, boosting sentiment in base metals market.

China Aluminum International Trading Co. cut aluminum prices by 10-110 yuan per tonnes this past week after raising prices a week ago.

Russia's Rusal, warned that it sees aluminium prices remaining under pressure due to a glut of exports from China new supply from the Middle East.
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EPIC RESEARCH MCX NATURAL GAS UPDATE OF 28 AUGUST 2015

Naturalgas trading range for the day is 173.6-182.6.

Natural gas prices fell once again to settled down at 178.20 on Thursday as domestic inventories grew more than expected.

EIA said gas stockpiles rose 69 billion cubic feet in the week ended Aug. 21, higher than the 61 bcf estimate projected.

Total inventories now stand at 2.9% above average, with the market fully recovered from the severe supply drawdown prompted by the harsh winter of 2014.

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EPIC RESEARCH NCDEX JEERA UPDATE OF 28 AUGUST 2015

Jeera trading range for the day is 15405-15955.

Jeera prices ended with gains with expectations of exports rising in coming weeks.

Steady demand among stockists on dwindling stocks in domestic market support prices in spot market too supported prices.

NCDEX accredited warehouses jeera stocks gained by 201 tonnes to 11623 tonnes.

In Unjha, a key spot market in Gujarat, jeera remains unchanged at0 rupees to end at 16371.45 rupee per 100 kg.

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