Wednesday, October 17, 2018


  • Cotton trading range for the day is 22690-23050.
  • Cotton dropped on profit booking after prices gained as CAI projected fall in output in its first cotton estimate while the demand is seen modest.
  • China 2019 cotton import quota set at 894,000 T – industry association
  • Cotton prices in spot market gained by 50.00 rupees and settled at 22790.00 rupees. 


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  • Cardamom trading range for the day is 1377.8-1407.4.
  • Cardamom gained amid heavy loses to crop due to recent floods and good export hopes after the steep fall in rupee.
  • Despite last year’s record exports, exports in the current year are likely to be affected due to strict measures by Saudi Arabia due to pesticide issue.
  • Around 25 tn of new arrivals are coming at auctions daily, which is 25-30% of the total arrivals.
  • Cardamom prices in spot market dropped by 1.80 rupees and settled at 1322.80 rupees. 

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  • Jeera trading range for the day is 19690-20290.
  • Jeera prices dropped on profit booking after prices gained due to firm physical domestic and exports demands from China and Bangladesh.
  • Jeera producing districts of Gujarat received scanty rains, which will affect its production in next season.
  • NCDEX accredited warehouses jeera stocks gained by 96 tonnes to 2433 tonnes.
  • In Unjha, a key spot market in Gujarat, jeera edged down by -15 Rupees to end at 19835 Rupees per 100 kg.

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  • Turmeric trading range for the day is 6406-6710.
  • Turmeric dropped on profit booking after prices gained as there are expectation of improving demand coupled with diminishing arrivals.
  • Acreage of turmeric in Erode may jump nearly 80% on year to 5,300 ha in 2018-19 (Jul-Jun) because of very good rainfall this year.
  • NCDEX accredited warehouses turmeric stocks gained by 21 tonnes to 3389 tonnes.
  • In Nizamabad, a major spot market in AP, the price ended at 6872.5 Rupees dropped -120 Rupees.

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  • Rmseed trading range for the day is 4134-4202.
  • Mustard seed dropped on profit booking after prices gained on expectation of improved export demand for meal.
  • As per SEA data, India's rapeseed meal exports up 24% on year to 88,236 tn in August due to good export demand.
  • NCDEX accredited warehouses mustard seed stocks dropped by 2989 tonnes to 13340 tonnes.
  • In Alwar spot market in Rajasthan the prices dropped -6.45 Rupees to end at 4282.5 Rupees per 100 kg.

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  • CPO trading range for the day is 585.6-597.4.
  • Crude palm oil gained on improving physical demand for edible oil due to festive demand and weaker rupees.
  • Malaysian palm oil exports for the first half of October fell 27.5% versus the corresponding period last month.

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