Friday, 2 December 2016

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 2 DECEMBER 2016

Menthaoil trading range for the day is 948-996.8. Mentha oil spot at Sambhal closed at 1063.00 per 1kg. Spot prices is down by Rs.-23.90/-. Mentha oil prices ended with gains amid pick-up in demand at the spot market. As per local sources, during last three weeks around 20 percent arrivals have decreased in the spot markets. At Barabanki market, total arrivals are at 50 Drums(1-drum-180kg), higher by 20 Drums(1-drum-180kg) as compared to previous day.

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EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 2 DECEMBER 2016

Soyabean trading range for the day is 3147-3235. Soyabean prices settled flat amid improving arrivals in the physical market and expectations that the peak arrivals will be observed. The SOPA has put India’s soyabean crop at 114.9 lakh tonnes (lt) — about 5 per cent higher than the initial crop estimate of 108.8 lt. NCDEX accredited warehouses soyabean stocks gained by 570 tonnes to 98534 tonnes. At the Indore spot market in top producer MP, soybean gained 19 rupee to 3131 rupee per 100 kgs.

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EPIC RESEARCH NCDEX TURMERIC UPDATE OF 2 DECEMBER 2016

Turmeric trading range for the day is 6878-7022. Turmeric prices gained on receipt of some fresh demand from North India. Further, expectation of heavy rains in the Turmeric growing areas of Tamil Nadu, Andhra Pradesh and Telengana too fuelled the uptrend. Currently the supplies are for medium and poor quality in December till new crop arrives. In Nizamabad, a major spot market in AP, the price ended at 7640 rupees gained 10 rupees.

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EPIC RESEARCH NCDEX JEERA UPDATE OF 2 DECEMBER 2016

Jeera trading range for the day is 17975-18745. Jeera prices gained due to some fresh export enquiries at the spot market. Current year sowing area reported up in Gujarat also reported ontime sowing due to favourable weather. NCDEX accredited warehouses jeera stocks dropped by 6 tonnes to 135 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by -52.75 rupees to end at 18885.7 rupee per 100 kg.

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EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 2 DECEMBER 2016

Ref.Soya oil trading range for the day is 721-741. Ref soyoil ended with gains on expectation of strong demand in global market and on lower stockpiles in United States. United States Environmental Protection Agency (EPA) raised 2017 bio-fuel target amid robust demand in export market. NOPA estimated that its members crushed 164.6 million bushels of soybeans in October, up from 129.4 million in September. At the Indore spot market in Madhya Pradesh, soyoil was steady at 724.8 rupees per 10 kgs.

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EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 2 DECEMBER 2016

CPO trading range for the day is 551.8-562.2. Crude palm oil prices gained on supply worries from Indonesia, the world's biggest palm oil grower. Indonesian Palm Oil Association Chairman said that production may be 30.9 million tons due to impact of El Nino on palm oil trees. USDA said ending stocks of palm oil in India in 2016-17 will dropped 30% in October to 381,000 tons compared to previous month estimates. Crude palm oil prices in spot market gained by 5.40 rupees and settled at 560.80 rupees.

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EPIC RESEARCH NCDEX MAIZE UPDATE OF 2 DECEMBER 2016

Maize trading range for the day is 1431-1463. Maize prices ended with gains tracking firmness in spot demand and overseas prices. At Ahmedabad market in Gujarat sources reported arrivals at 5000 bags, down by 5000 bags as against previous day. NCDEX accredited warehouses maize stocks gained by 150 tonnes to 4222 tonnes. In Nizamabad maize spot prices gained 14.5 rupees to 1455 rupees per 100kgs.

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EPIC RESEARCH NCDEX RM SEED UPDATE OF 2 DECEMBER 2016

Rmseed trading range for the day is 4769-4935. Mustard seed dropped on profit booking after prices gained on supply worries and on strong demand. However downside seen limited as good demand from crusher amid higher sales of mustard by-product supporting the spot prices. All-India acreage of mustard in the ongoing rabi season was nearly 1.9 mln ha, up 175.2% from a year ago. In Alwar spot market in Rajasthan the prices gained 12.85 rupees to end at 4849 rupees per 100 kg.

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EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 2 DECEMBER 2016

Cardamom trading range for the day is 1367.1-1426.7. Cardamom prices gained on the back of muted domestic as well as exports demand in the spot market. Growers are happy to hold back their produce as the crop is going to be less than 50 per cent this season. Total arrivals at five auctions stood at 144 tonnes as against 416 tonnes the week before and the sales were at 136 tonnes. Cardamom prices in spot market dropped by 2.90 rupees and settled at 1362.60 rupees.

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EPIC RESEARCH NCDEX COTTON UPDATE OF 2 DECEMBER 2016

Cotton trading range for the day is 18977-19297. Cotton prices ended with gains due to rising demand in the domestic market. Though, news on Pakistan suspending cotton imports from India due to failed in fulfillment of phyto-sanitary certification, capped some gains. According to USDA, production in India is forecast at 26.5 million bales (5.77 mt), up marginally from 2015/16. Cotton prices in spot market gained by 40.00 rupees and settled at 18900.00 rupees.

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