Monday, 18 June 2018

EPIC RESEARCH MCX CARDAMOM UPDATE OF 18 June 2018

Cardamom trading range for the day is 947.3-970.9.

Cardamom prices dropped on reports of bumper output on the back of favourable weather amid poor stocks of quality goods.

There has been raining in the producing centres of Kerala and present weather is conducive to the coming crop.

Producing centres of Kerala are getting good rains and monsoon is also expected to hit Kerala coast three days before schedule.

Cardamom prices in spot market gained by 12.10 rupees and settled at 1006.70 rupees.
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EPIC RESEARCH NCDEX JEERA UPDATE OF 18 June 2018

Jeera trading range for the day is 16435-16805.

Jeera dropped on profit booking after prices amid expectations of improved physical and exports demand.

Further, expectation of strong overseas demand on supply uncertainties in other producing nations owing to geo-political turmoil in Syria limited the downside

NCDEX accredited warehouses jeera stocks dropped by 309 tonnes to 2012 tonnes.

In Unjha, a key spot market in Gujarat, jeera edged down by -4.25 Rupees to end at 16482.7 Rupees per 100 kg.

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EPIC RESEARCH NCDEX TURMERIC UPDATE OF 18 June 2018

Turmeric trading range for the day is 7270-7518.

Turmeric prices dropped tracking weakness in spot demand on forecast of normal rains in south peninsula.

Supplies from the new season turmeric have been lower during May at 53,500 t compared last year, as per data.

NCDEX accredited warehouses turmeric stocks gained by 20 tonnes to 5797 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 7391.65 Rupees dropped -20 Rupees
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EPIC RESEARCH NCDEX RMSEED UPDATE OF 18 June 2018


Rmseed trading range for the day is 3995-4045.

Mustard seed prices gained due to expectation of good meal and crushing demand.

Mustard crushing across the country was estimated at 800,000 tn in March, more than double from last month's 375,000 tn.

NCDEX accredited warehouses mustard seed stocks dropped by 123 tonnes to 98601 tonnes.

In Alwar spot market in Rajasthan the prices gained 38.65 Rupees to end at 4115.15 Rupees per 100 kg.

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EPIC RESEARCH MCX CRUDE PALM OIL UPDATE OF 18 June 2018

CPO trading range for the day is 631.4-655.2.

Crude palm oil dropped on profit booking after prices gained tracking increase in prices of rival soy oil due to increase in import duty.

India’s palm oil imports in May plunged 38 per cent from a year earlier to their lowest in nearly four and a half years.

Malaysia, kept its crude palm oil export tax at 5 percent in July, the Malaysian Palm Oil Board said in a statement, citing the national customs department.

Crude palm oil prices in spot market gained by 0.60 rupees and settled at 644.80 rupees.

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EPIC RESEARCH NCDEX REF.SOYA OIL UPDATE OF 18 June 2018


Ref.Soya oil trading range for the day is 742-756.

Ref soyoil gained on reports of increase in import duty on refine and crude soyoil.

Duty on crude soft edible oils has been hiked to 35 per cent and on and soft oils to 45 per cent.

There are reports of sufficient stocks with the traders and ample availability of oilseeds in the country.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 745 Rupees per 10 kgs.

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EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 18 June 2018

Soyabean trading range for the day is 3412-3526.

Soyabean prices gained on anticipation of higher domestic crushing of soybean after government increase customs duty.

Around 25% of soybean stocks are with farmers and stockiest on weak demand from crushers.

NCDEX accredited warehouses soyabean stocks dropped by 250 tonnes to 15997 tonnes.

At the Indore spot market in top producer MP, soybean gained 31 Rupees to 3558 Rupees per 100 kgs.

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EPIC RESEARCH MCX MENTHA OIL UPDATE OF 18 June 2018

Menthaoil trading range for the day is 1132-1186.4.

Mentha oil spot at Sambhal closed at 1316.00 per 1kg. Spot prices was up by Rs.5.60/-.

Mentha oil gains on rise in demand from the consuming industries at the spot market.

However, there is anticipation of bumper crop harvest and nearing of harvesting season.

As per preliminary estimates, acreage under mentha crop will rise this year as the farmers are encouraged by higher prices.

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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 18 June 2018

Aluminium trading range for the day is 149.3-155.7.

Aluminium prices dropped tracking weakness in LME prices as rising Sino-U.S. trade tensions creating additional pressure on China’s economy.

China's aluminium production in May rose 1.5 percent to 2.79 million tonnes from a year earlier.

Aluminium stocks held at three major Japanese ports rose 6.4 percent to 284,200 tonnes by the end of May from the previous month.
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EPIC RESEARCH MCX NICKEL UPDATE OF 18 June 2018

Nickel trading range for the day is 1015.6-1051.8.

Nickel ended with small losses on concerns about slowing growth in China and the impact of U.S. trade tariffs.

 Japan's Sumitomo Metal Mining, expects a global nickel market deficit to widen to 88,000 tonnes this year, from 72,000 tonnes last year.

Global demand for nickel is seen increasing by 7.3 percent in 2018 from last year to 2.298 million tonnes, while supply rises 6.8 percent to 2.210 million tonnes.

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