Friday, 30 September 2016

EPIC RESEARCH NCDEX COTTON UPDATE OF 30 Sep 2016

Cotton trading range for the day is 19393-20273. Cotton prices ended with losses due to higher output estimates for 2016-17. Despite lower area coverage, higher productivity of Cotton has resulted in to higher production of 32.12 million bales. Daily arrivals of cotton across the country are estimated around 20,000 bales out of which 15,000 bales are arriving in Punjab and Haryana. Cotton prices in spot market dropped by 160.00 rupees and settled at 21970.00 rupees.

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EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 30 Sep 2016

Cardamom trading range for the day is 1104.7-1151.5. Cardamom prices gained amid a rise in physical demand in the domestic spot market. Prices also seen supported on fears of fall in output and hopes of good demand for the coming festive season while stocks are tight. Delayed arrivals and lower stocks coupled with good export demand from West Asia also supporting prices. Cardamom prices in spot market dropped by 0.40 rupees and settled at 117.30 rupees.         
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EPIC RESEARCH NCDEX MAIZE UPDATE OF 30 Sep 2016

Maize trading range for the day is 1597-1635. Maize prices gained due to uptick in demand from consuming industries, restricted supplies from producing belts. In India, maize has been sown in around 83.22 lakh hectares which is higher than 76.34 lakh hectare covered during corresponding period last year. U.S. corn harvests have been advancing slower than average, U.S. Department of Agriculture (USDA) data showed. In Nizamabad maize spot prices gained 2.9 rupees to 1936.65 rupees per 100kgs.For more information and accurate MCX TipsNCDEX Tips ✆ – 0731-6642300
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EPIC RESEARCH NCDEX CRUDEPALMOIL UPDATE OF 30 Sep 2016

CPO trading range for the day is 576.8-585. Crude palm oil prices ended with gains supported on the back of pickup in demand at the spot market. Malaysia palm oil exports during Sep 1-25 dropped 15% compared to a month earlier. Malaysia palm oil exports slipped to 1.11 million tons during Sep 1-25 compared to 1.31 million tons for the same period a month ago. Crude palm oil prices in spot market gained by 1.10 rupees and settled at 582.60 rupees.

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