Friday, July 21, 2017

  • Cardamom trading range for the day is 1363.8-1412.8.
  • Cardamom prices dropped as stockists are on the fence due to tight money market though stock position is tight.
  • However, warmer weather in the all the producing centres of south India may check price fall.
  • Poor South West and North East monsoon is likely to impact adversely on the production of cardamom for the coming season as well.
  • Cardamom prices in spot market gained by 9.10 rupees and settled at 1455.80 rupees. 

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  • Maize trading range for the day is 1398-1468.
  • Maize prices ended with gains on short covering after prices dropped due to new crop arrival pressure.
  • Some quantity of new crop of maize arrived into the market, contains 20% moisture level.
  • NCDEX accredited warehouses maize stocks dropped by 7 tonnes to 2669 tonnes.
  • In Nizamabad maize spot prices gained 4.2 Rupees to 1466.1 Rupees per 100kgs.

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  • Jeera trading range for the day is 16295-16985.
  • Jeera dropped amid hopes of up in arrivals from across the major growing regions.
  • Jeera arrivals have started rising in all the major markets of Gujarat while demand continued to be slack.
  • Arrivals are likely to rise in the coming days after Holi festival farmers may hold stocks if prices continue to decline.
  • In Unjha, a key spot market in Gujarat, jeera edged down by -271.8 Rupees to end at 17061.55 Rupees per 100 kg.

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Thursday, July 20, 2017

  • Soyabean trading range for the day is 2969-3019.
  • Soyabean dropped on hopes that monsoon rains in soybean areas in MP, Maharashtra and Rajasthan may boost crop.
  • NCDEX accredited warehouses soyabean stocks dropped by 2432 tonnes to 38589 tonnes.
  • At the Indore spot market in top producer MP, soybean gained 4 Rupees to 2965 Rupees per 100 kgs.

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  • Ref.Soya oil trading range for the day is 633-645.
  • Ref soyoil ended with losses on higher stockpiles in domestic market and weak demand.
  • Around 160,000 tons of soyoil stocks were at various ports of the country, data released by Solvent Extractors Association showed.
  • According to NOPA, U.S. June soybean crush fell 7.48 percent to 138.074 million bushels from 149.246 million bushels in May 2017.
  • At the Indore spot market in Madhya Pradesh, soyoil was steady at 630.8 Rupees per 10 kgs.

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  • Menthaoil trading range for the day is 945-990.
  • Mentha oil spot at Sambhal closed at 1115.40 per 1kg. Spot prices was up by Rs.19.80/-.
  • Mentha oil prices gained due to pick-up in demand in the domestic spot market.
  • As per local sources, due to heavy rains in the north India spots market activity got disrupted which will reduce arrivals in the physical market.
  • Stock positions of mentha in MCX accredited warehouses were around 7279 drums which is same in comparison to previous day.

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