Friday, 22 September 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 22 SEPTEMBER 2017

Cotton trading range for the day is 18147-18527.Cotton prices ended with losses due to subdued demand from domestic mills at the spot market. Further, cotton acreage has also increased in Guntur district of Andhra Pradesh also fuelled the downtrend. Cotton has been sown on 121.51 lakh hectares, 2017 across the country compared to 102.23 lakh hectares during the same period previous year.Cotton prices in spot market dropped by 110.00 rupees and settled at 19150.00 rupees.

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EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 22 SEPTEMBER 2017

Cardamom trading range for the day is 1120.6-1196.2.Cardamom prices ended with gains on lower supply amid strong demand.Prices of cardamom were up on lower supply in the physical market while the production is also expected to decline. Demand for cardamom in the domestic market is robust on account of festive season while the export demand is expected to increase.Cardamom prices in spot market dropped by 11.00 rupees and settled at 1210.00 rupees.

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EPIC RESEARCH NCDEX JEERA UPDATE OF 22 SEPTEMBER 2017

Jeera trading range for the day is 19340-19960. Jeera prices gained on expectation of good physical demand anticipating a diminishing stocks in the physical as well as exchange warehouses. Jeera exports have been lower than anticipated during the first quarter of new financial year 2017/18. NCDEX accredited warehouses jeera stocks gained by 518 tonnes to 4381 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by -95.7 Rupees to end at 19364.3 Rupees per 100 kg.



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EPIC RESEARCH NCDEX TURMERIC UPDATE OF 22 SEPTEMBER 2017

Turmeric trading range for the day is 7262-7562.Turmeric prices ended with losses on prospects of good monsoon amid robust demand. Prices of turmeric were down as turmeric yield and output is expected to improve in 2017-18 on good monsoon in the Southern India.NCDEX accredited warehouses turmeric stocks gained by 134 tonnes to 4611 tonnes. In Nizamabad, a major spot market in AP, the price ended at 7600 Rupees dropped -42.1 Rupees.



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EPIC RESEARCH NCDEX RM SEED UPDATE OF 22 SEPTEMBER 2017

Rmseed trading range for the day is 3713-3797.Mustard seed prices dropped due to weak demand from the oil mills on higher supplies. As per SEA recent data, mustard oil imports down 23% to 1.94 lt in current oil year compared to 2.55 lt in the previous year. NCDEX accredited warehouses mustard seed stocks dropped by 814 tonnes to 21058 tonnes.In Alwar spot market in Rajasthan the prices gained 12.85 Rupees to end at 3870.5 Rupees per 100 kg.

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EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 22 SEPTEMBER 2017

CPO trading range for the day is 535.7-544.9. Crude palm oil ended with losses tracking weakness in spot demand amid profit booking after prices gained in last some sessions. Malaysia palm oil exports during Sep 1-20 climbed 25.4% compared to same period a month on strong demand from China, India & Subcontinents and Middle East. However, India's palm oil exports during Sep 1-20 dropped by 32.74% to 77,500 tons compared to 115,240 tons in the same period a year ago. Crude palm oil prices in spot market dropped by 0.30 rupees and settled at 543.00 rupees.

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EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 22 SEPTEMBER 2017

Ref.Soya oil trading range for the day is 672-678. Ref soyoil ended with gains on anticipation of good physical demand in coming festival season and reports of lower imports on soyoil. SEA has raised its concerns on the decline in the oilseeds acreage this kharif season (2017), where monsoon played truant hampering sowing prospects. As per data, kharif oilseed sowing was recorded at 172 lakh hectares as against 188.63 lakh hectare last year, down by nearly 16.6 lakh hectares. At the Indore spot market in Madhya Pradesh, soyoil was steady at 671.3 Rupees per 10 kgs.



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EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 22 SEPTEMBER 2017

Soyabean trading range for the day is 3062-3160. Soyabean prices ended with losses tracking weakness in spot demand on profit booking after prices gained tracking lower acreage. The area under the soybean crop in India was at 10.58 mln ha , down 7.8% from a year ago. NCDEX accredited warehouses soyabean stocks gained by 151 tonnes to 1328 tonnes. At the Indore spot market in top producer MP, soybean gained 30 Rupees to 3101 Rupees per 100 kgs.

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EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 22 SEPTEMBER 2017

Menthaoil trading range for the day is 1159.5-1191.1. Mentha oil spot at Sambhal closed at 1341.80 per 1kg. Spot prices was up by Rs.1.40/-. Mentha oil ended with losses tracking weakness in spot demand on higher supply. Prices of mentha oil were down on higher supplies from oil producing regions while the demand is sluggish. Stock positions of mentha in MCX accredited warehouses were around 10826 drums which is 12 drums more in comparison to previous day.

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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 22 SEPTEMBER 2017

Aluminium trading range for the day is 135.1-143.1. Aluminium eased from highs on profit booking after prices gained on expectations of tighter supply into early next year underpinned prices. China’s aluminium makers begin to ramp down production ahead of mandated capacity closures during the winter heating season. China’s Henan province has announced that aluminium capacity from three smelters that have shut down would be available for transfer to other regions in the country.



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