Friday, March 22, 2019


  • Jeera trading range for the day is 15440-15740.
  • Jeera gained on the back of increased buying as a result of lower output amid lower acreage in Gujarat.
  • India's cumin seed output is set to touch 416,000 tons for 2018-19 season, about 9% higher than the previous year.
  • According to 1st Adv est. by Agriculture Ministry, cumin output may be higher by 10% on year to 7.56 lakh tonne.
  • In Unjha, a key spot market in Gujarat, jeera edged down by -2.5 Rupees to end at 15937.5 Rupees per 100 kg.

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  • Turmeric trading range for the day is 6050-6190.
  • Turmeric settled down amid new season arrivals and good production prospects.
  • Farmers have demanded the Tamil Nadu Government procure turmeric from farmers at Rs. 12,000 a quintal immediately.
  • There are concerns that drought conditions and cold weather will adversely affect the production.
  • In Nizamabad, a major spot market in AP, the price ended at 6160 Rupees gained 5 Rupees.


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Wednesday, March 20, 2019


  • Ref.Soya oil trading range for the day is 731-743.
  • Ref.Soya oil gained on short covering after prices dropped amid reports of higher availability of oil from domestic crushing.
  • Soyoil imports surged 65 percent to 220,376 tonnes in February, the Solvent Extractors' Association of India (SEA) said in a statement.
  • According to NOPA, members are expected to crush 3.3 % higher Soybean to 158.73 million bushel in February 2019 compared to last year record in the same month
  • At the Indore spot market in Madhya Pradesh, soyoil was steady at 760 Rupees per 10 kgs.

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  • Rmseed trading range for the day is 3716-3804.
  • Mustard seed gained on short covering after prices dropped on expectation of higher production prospects this year.
  • Mustard production is forecast about 84 lakh tonnes, up 1% y/y, in second advance estimate for 2018-19 by Government.
  • As per SEA, the production will be higher by about 19% this season to over 81 lakh tonnes due to better climate and higher area.
  • In Alwar spot market in Rajasthan the prices gained 28 Rupees to end at 3741.75 Rupees per 100 kg.

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  • Soyabean trading range for the day is 3616-3714.
  • Soyabean gained tracked by improving demand at the spot market despite of higher availability in the physical market.
  • Soybean production in 2018/19 is estimated to have risen 38 percent from a year ago to 11.5 million tonnes, according to the SOPA.
  • Meantime, soybean arrivals during current soybean year 2018-19 (October-September) jumped nearly 25% to 7.3 million tons until February
  • At the Indore spot market in top producer MP, soybean gained 16 Rupees to 3753 Rupees per 100 kgs.

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Tuesday, March 19, 2019


  • MCX cotton closed higher on Monday on reports of export demand coming from China.
  • India has already shipped around 600,000 bales to China so far in the 2018/19 marketing year that started on Oct. 1. 
  • In a recent development, Indian traders have signed contracts to ship 800,000 bales of cotton to China as demand surged from the world's biggest consumer due to a rally in prices in China. Cotton prices have improved since last one month on reports of lower production.
  •  In 2018/19, production of Cotton is estimated at 300.9 l-bales (of 170 kg each), down about 7.4% compared to previous estimate of 324 l-bales

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