Friday, 21 September 2018

EPIC RESEARCH NCDEX Cardamom UPDATE OF 21 September 2018


Cardamom trading range for the day is 1378.7-1446.7.

Cardamom settled up because of heavy loses to crop due to recent floods and good export hopes after the steep fall in rupee.

Despite last year’s record exports, exports in the current year are likely to be affected due to strict measures by Saudi Arabia due to pesticide issue.

Around 25 tn of new arrivals are coming at auctions daily, which is 25-30% of the total arrivals.


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EPIC RESEARCH NCDEX Jeera UPDATE OF 21 September 2018

Jeera trading range for the day is 19235-20235.

Jeera prices ended with losses on higher arrivals in the physical market.

However downside seen limited on the back of good domestic and export demand from China and Bangladesh.

NCDEX accredited warehouses jeera stocks dropped by 6 tonnes to 2921 tonnes.

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EPIC RESEARCH NCDEX Turmeric UPDATE OF 21 September 2018


Turmeric trading range for the day is 6392-6628.

Turmeric prices dropped amid anticipation of improvement in production in coming season.

In Telangana, Turmeric acreage was reported at 47,114 hectares in the corresponding period last year.

NCDEX accredited warehouses turmeric stocks dropped by 69 tonnes to 3463 tonnes.

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EPIC RESEARCH NCDEX Crude palm oil UPDATE OF 21 September 2018

CPO trading range for the day is 583.9-590.9.

Crude palm oil dropped due to higher stock levels and expectation of cheaper imports from Malaysia due to zero duty.

Prices also remained under pressure tracking weakness in overseas prices on concerns of rising stocks, stronger ringgit and weaker related edible oils.

The base import price of crude palm oil was increase for the second half of September, after cut for 6 successive time to $572 per tn from $567per tn.
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EPIC RESEARCH NCDEX Ref.Soya oil UPDATE OF 21 September 2018


Ref.Soya oil trading range for the day is 725-737.

Ref soyoil ended with losses tracking weakness in spot demand amid reports of higher stocks of edible oil.

However, downside seen limited supported by higher import duty, weaker rupees and improving physical demand.

India's vegoil imports in August rose 11 percent to 1.5 million tonnes from a year ago, a trade body said.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 737.85 Rupees per 10 kgs.

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EPIC RESEARCH NCDEX Rmseed UPDATE OF 21 September 2018

Rmseed trading range for the day is 4181-4273.

Mustard dropped on profit booking after prices gained on improved meal exports data, good crushing demand and diminishing supplies.

However, fresh arrivals by the NAFED auctions limited the upside.

NCDEX accredited warehouses mustard seed stocks dropped by 250 tonnes to 26657 tonnes.

In Alwar spot market in Rajasthan the prices dropped -32.2 Rupees to end at 4327.55 Rupees per 100 kg.

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EPIC RESEARCH NCDEX Soyabean UPDATE OF 21 September 2018

Soyabean trading range for the day is 3227-3383.

Soyabean prices gained as improving exports demand for soy meal exports triggered lower level buying in coming weeks.

China has shown interest in buying soybean de-oiled cake produced in Maharashtra which will help soybean prices to rise above MSP.

USDA has hiked 2018-19 estimates for the US soybean production and ending stockpiles for September.

At the Indore spot market in top producer MP, soybean gained 7 Rupees to 3364 Rupees per 100 kgs.

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EPIC RESEARCH MCX Naturalgas UPDATE OF 21 September 2018

Naturalgas trading range for the day is 205.1-219.3.

Natural gas prices gained as colder than expected weather is expected to cover most of the United States over the next 8-14 days.

The Energy Information Administration said utilities added a bigger-than-normal 86 billion cubic feet (bcf) of gas into storage during that week.

The increase for the week ended Sept. 14 boosted stockpiles to 2.722 tcf, leaving inventories 17.7 percent below the five-year average.

Demand would have been even higher but for the cooling effect and power outages caused by Hurricane Florence, which hit the North Carolina coast on Sept. 14.

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EPIC RESEARCH MCX Crudeoil UPDATE OF 21 September 2018

Crudeoil trading range for the day is 5002-5166.

Crude oil prices turned lower after U.S. President Donald Trump took another swipe at global oil producers.

US President Trump tweeted that the OPEC needs to keep crude prices lower because of the military protection the U.S. provides for the region.

Iran is the third-biggest producer in the OPEC, supplying around 2.5 million barrels per day (bpd) of crude and condensate to markets this year.

The cartel, which includes Saudi Arabia and Iran, will meet in Algeria with non-OPEC producers such as Russia to discuss production levels.
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EPIC RESEARCH MCX Silver UPDATE OF 21 September 2018

Silver trading range for the day is 37093-37473.

Silver prices traded in range as the dollar slumped, boosting the appeal of the metal.

The U.S. currency ebbed amid continued relief that fresh U.S. and Chinese tariffs on reciprocal imports were less harsh than originally feared.

A less-harsh-than-expected volley of tariffs exchanged by US and China earlier this week suggested both nations are in no rush to ramp up their trade dispute.

Investors are eyeing a meeting by the U.S. Federal Reserve next week at which interest rates are widely expected to be raised.

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