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Friday, May 10, 2019

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 10 MAY 2019

Soyabean trading range for the day is 3701-3773.
Soyabean gained amid hopes of emergence of soymeal demand from China.
China has curtailed its imports of soybean from the US after the Washington imposed tariff on Chinese goods.
However, upside seen limited due to forecast of near normal monsoon forecast by IMD.
At the Indore spot market in top producer MP, soybean gained 53 Rupees to 3828 Rupees per 100 kgs.

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EPIC RESEARCH NCDEX UPDATE OF JEERA 2 MAY 2019

Jeera trading range for the day is 16705-17305.
Jeera dropped on profit booking after prices gained due to the increase in the export demand.
Cumin seed production in Syria and Turkey is estimated to decline, Syria production is estimated around 25,000 tonnes this year
Production of Jeera in Gujarat in 2018-19 is expected to be lower by about 25 percent to 2.23 lakh MT compared to last year’s.
In Unjha, a key spot market in Gujarat, jeera edged down by -181.75 Rupees to end at 16961.1 Rupees per 100 kg.

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Turmeric trading range for the day is 6336-6608.
Turmeric dropped due to near normal monsoon forecast and higher carryover stocks.
Farmers in Telangana and Andhra Pradesh are holding stocks hoping improvement in prices after the ongoing Lok Sabha elections.
Worries over El Nino conditions have eased and there are indications of another year of robust monsoon rain.
In Nizamabad, a major spot market in AP, the price ended at 6400 Rupees dropped -40 Rupees.

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EPIC RESEARCH NCDEX UPDATE OF JEERA 25 APRIL 2019

Jeera futures traded higher on NCDEX due to improving demand from bulk buyers. However, higher availability of jeera this season, trimmed some gains.
The contract for May delivery was trading at Rs 17105.00, up by 0.15% or Rs 25.00 from its previous closing of Rs 17080.00. The open interest of the contract stood at 6645 lots.
The contract for June delivery was trading at Rs 17235.00, gain by 0.12% or Rs 20.00 from its previous closing of Rs 17215.00. The open interest of the contract stood at 1296 lots on NCDEX.

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EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 24 APRIL 2019

Soyabean trading range for the day is 3681-3761.
Soyabean prices gained on low level buying after prices have been under pressure due to forecast of near normal monsoon forecast by IMD.
Soybean arrivals for the Oct-Mar period are pegged at 77 lt, up by 23.2% on year by SOPA.
In the US, soybean inventories have swelled as the U.S.-China trade has hurt shipments of American soy to Chinese buyers.
At the Indore spot market in top producer MP, soybean gained 12 Rupees to 3834 Rupees per 100 kgs.

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Menthaoil trading range for the day is 1348.3-1373.5.
Mentha oil spot at Sambhal closed at 1603.30 per 1kg. Spot prices was remain unchangeby Rs.0.00/-.
Menthaoil dropped amid improvement and expectation of higher production in key areas of UP.
Production is expected to increase by 30-40 percent during the year 2019-20.
Prices also seen pressure amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.

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EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 18 APRIL 2019

CPO trading range for the day is 539.2-544.6.
CPO gained on short covering after prices dropped amid weakness in spot demand and overseas prices weighed down by expectations of rising production.
Official data from the Malaysian Palm Oil Board (MPOB) showed March end-stocks and production at higher levels than expected.
Malaysia's palm oil stockpiles at the end of March fell 4.6 percent from the previous month to 2.92 million tonnes.
Crude palm oil prices in spot market gained by 3.90 rupees and settled at 535.40 rupees.

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Ref.Soya oil trading range for the day is 714-726.
Ref.Soya oil dropped due to higher stocks at port, expectation of higher imports due to low tariff value.
Earlier pressure also seen due to bumper production outlook of soybean for India and subdued domestic buying.
According to report, soy oil import jumped by 64.7% to 2.20 lt in February compared to 1.34 lt last year same month.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 740 Rupees per 10 kgs.

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Menthaoil trading range for the day is 1478.1-1512.9.
Mentha oil spot at Sambhal closed at 1599.10 per 1kg. Spot prices was down by Rs.-4.10/-.
Menthaoil settled up amid improved demand from consuming industries at the domestic spot market.
However, upside seen limited amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.

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EPIC RESEARCH NCDEX UPDATE OF RMSEED 16 APRIL 2019

Rmseed trading range for the day is 3764-3836.
Rmseed dropped on profit booking after prices gained tracking firmness in spot demand as government buying picked up
NAFED bought 139,224 ton mustard seeds from farmers in the markets of Rajasthan, Haryana and Madhya Pradesh.
Rape seed meal export from India during month of March, 2019 reported at 50964 MT, down by 36 % compare to prior month.
In Alwar spot market in Rajasthan the prices gained 77.25 Rupees to end at 3870.5 Rupees per 100 kg.

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Soyabean trading range for the day is 3692-3842.
Soyabean dropped on profit booking after prices gained due to buying by millers in physical on demand hope for soymeal.
USDA in its monthly report trimmed its forecast of U.S. 2018/19 soybean stocks to 895 million bushels, down from 900 million in March.
Soybean production is estimated higher by 20 per cent at 136.89 lakh tonnes as compared to 113.90 lakh tonnes produced during 2017-18.
At the Indore spot market in top producer MP, soybean dropped -30 Rupees to 3879 Rupees per 100 kgs.

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EPIC RESEARCH NCDEX UPDATE OF TURMERIC 15 APRIL 2019

Turmeric trading range for the day is 6522-6742.
Turmeric prices dropped on the back of fresh season arrivals and good production prospects.
Pressure also seen as some good quality produce is also arriving for sale in Erode market.
Worries over El Nino conditions have eased and there are indications of another year of robust monsoon rain.
In Nizamabad, a major spot market in AP, the price ended at 6469.05 Rupees dropped -69.05 Rupees.

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EPIC RESEARCH NCDEX UPDATE OF JEERA 12 APRIL 2019

Jeera trading range for the day is 16300-16620.
Jeera prices gained as demand for good quality new crop is gradually picking up.
The fall in output in Syria and Turkey on account of loss of quality due to weather adversities will possibly make India the sole supplier.
At Unjha market, new crop enter to the market with moisture percentage reported around 5 to 10%.
In Unjha, a key spot market in Gujarat, jeera edged up by 12.5 Rupees to end at 16537.5 Rupees per 100 kg.

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Turmeric trading range for the day is 6502-6738.
Turmeric prices dropped on the back of fresh season arrivals and good production prospects.
Worries over El Nino conditions have eased and there are indications of another year of robust monsoon rain.
In Nizamabad, a major spot market in AP, the price ended at 6538.1 Rupees remains unchanged at0 Rupees.

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EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 11 APRIL 2019

Ref.Soya oil trading range for the day is 714-732.
Ref.Soya oil dropped due to higher stocks at port, expectation of higher imports due to low tariff value.
However, downside seen limited amid reports of good seasonal demand in physical markets and lack of selling.
In a fortnightly notification, Government cut tariff value of crude soy oil by 18 dollar to $711 per tn for the first half of April.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 748 Rupees per 10 kgs.

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Rmseed trading range for the day is 3758-3802.
Mustard seed ended with gains on short covering after prices dropped amid forecast of bumper crop production.
Rape meal exports in February were provisionally reported at 41,728 tonnes (Vs 52,071 t), down 20% on year as per SEA press release.
Japan's weather bureau said the El Nino weather pattern appeared to be continuing, with an 80 percent chance it would stretch into the northern hemisphere summer.
In Alwar spot market in Rajasthan the prices gained 10 Rupees to end at 3773.95 Rupees per 100 kg.

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Soyabean trading range for the day is 3725-3837.
Soyabean prices ended with losses triggered by subdued demand at the domestic spot market and higher output projection.
India's 2018-19 soybean output is projected 24.7% higher at 13.69 million tons as per second advance estimates released by agriculture ministry.
As per the Second Advance Estimates for 2018-19 crops, Soybean production is estimated higher by 20 per cent at 136.89 lakh tonnes.
At the Indore spot market in top producer MP, soybean dropped -20 Rupees to 3893 Rupees per 100 kgs.

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EPIC RESEARCH NCDEX UPDATE OF REF SOYA OIL 9 APRIL 2019

Ref.Soya oil trading range for the day is 724-738.
Ref.Soya oil dropped on profit booking after prices gained amid reports of good seasonal demand in physical markets and lack of selling.
Pressure also seen due to higher stocks at port, expectation of higher imports due to low tariff value.
In a fortnightly notification, Government cut tariff value of crude soy oil by 18 dollar to $711 per tn for the first half of April.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 755.65 Rupees per 10 kgs.

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Soyabean trading range for the day is 3762-3928.
Soyabean prices ended with losses on profit booking after prices gained as demand started to improve at lower levels against tight supplies.
As per market sources, supplies are comparatively slow as stockiest and farmers are not willing to release their crops at the current market prices.
As per the Second Advance Estimates for 2018-19 crops, Soybean production is estimated higher by 20 per cent at 136.89 lakh tonnes.
At the Indore spot market in top producer MP, soybean gained 9 Rupees to 3931 Rupees per 100 kgs.

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Menthaoil trading range for the day is 1464.6-1526.6.
Mentha oil spot at Sambhal closed at 1609.60 per 1kg. Spot prices was down by Rs.-59.30/-.
Menthaoil dropped due to low demand at major physical centers.
Prices also seen pressure earlier amid expectations of higher acreage under mint in 2019 due to lucrative prices throughout last year.
Export demand of oil in global market is likely to be improved due to recovery in currency which is supportive for prices.

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Friday, May 10, 2019

Thursday, May 2, 2019

Thursday, April 25, 2019

Wednesday, April 24, 2019

Thursday, April 18, 2019

Tuesday, April 16, 2019

Monday, April 15, 2019

Friday, April 12, 2019

Thursday, April 11, 2019

Tuesday, April 9, 2019

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