Monday, 22 January 2018

EPIC RESEARCH NCDEX COTTON UPDATE OF 22 JANUARY 2018

Cotton trading range for the day is 20630-21150. Cotton prices ended with gains due to lower arrivals and robust demand estimates. Further, Cotton prices were also supported by spot market cues amid hoarding by traders and stockist. Arrivals are seen at near average of 160,000 bales compared to expected arrivals of 200,000 bales. Cotton prices in spot market dropped by 80.00 rupees and settled at 20150.00 rupees.



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EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 22 JANUARY 2018

Cardamom trading range for the day is 1123.8-1156.4.Cardamom dropped amid higher arrivals at auctions held in Kerala and Tamil Nadu. Anticipation of a comparatively good crop due to favourable weather conditions coupled with a likely decline in the prices has slowed buying. Total arrivals increased last week to 814 tonnes from 789 tonnes the previous week. Cardamom prices in spot market dropped by 16.30 rupees and settled at 1047.00 rupees.



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EPIC RESEARCH NCDEX JEERA UPDATE OF 22 JANUARY 2018

Jeera trading range for the day is 16365-16805. Jeera prices dropped pressured by the start of new season arrivals coupled with weak physical demand. Jeera production may be higher in coming season on reports of higher acreage of cumin in the current season. NCDEX accredited warehouses jeera stocks gained by 215 tonnes to 10943 tonnes. In Unjha, a key spot market in Gujarat, jeera edged up by 69.05 Rupees to end at 20633.35 Rupees per 100 kg.

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EPIC RESEARCH NCDEX TURMERIC UPDATE OF 22 JANUARY 2018

Turmeric trading range for the day is 7074-7702. Turmeric prices ended with losses due to expectation of arrivals of new season crop. Currently supplies from the new season turmeric have been lower during first 15 days of Jan at 5,405 tonnes compared to 6,586 tonnes last year, as per data.New crop supplies have started in the markets of Talengana, Maharashtra and other producing states.In Nizamabad, a major spot market in AP, the price ended at 7650 Rupees remains unchanged at0 Rupees.



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EPIC RESEARCH NCDEX RM SEED UPDATE OF 22 JANUARY 2018

Rmseed trading range for the day is 3963-4079. Mustard seed prices gained due to fresh buying tracking firmness in demand in physical market. The area under the mustard crop across the country was at 6.5 mln ha, down 6.2% on year, according to data from the farm ministry. NCDEX accredited warehouses mustard seed stocks dropped by 68 tonnes to 10250 tonnes. In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 3934.9 Rupees per 100 kg.

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EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 22 JANUARY 2018

CPO trading range for the day is 549.8-554.2.Crude palm oil dropped tracking weakness in spot demand and overseas prices on concerns that demand could take a hit from a European Union move.Palm oil shipments in the first half of January already showed falling demand, according to cargo surveyor data. Palm oil output in Malaysia, will rise by 3 percent in 2018, an industry body forecasted.Crude palm oil prices in spot market dropped by 0.60 rupees and settled at 547.30 rupees.



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EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 22 JANUARY 2018

Ref.Soya oil trading range for the day is 731-737. Ref soyoil ended with losses on profit booking tracking steady physical demand.India's edible oil imports fell 10% on year to 10.6 lakh tonnes in December due to a sharp hike in import duty.U.S. soybean crush rose to record in December to 166.382 million bushels from 163.546 million bushels in November 2017. At the Indore spot market in Madhya Pradesh, soyoil was steady at 733.65 Rupees per 10 kgs.

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EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 22 JANUARY 2018

Soyabean trading range for the day is 3318-3394.Soyabean prices gained supported by good physical demand and lower supplies.Soybean arrivals during first 15 days in January were down 41% to 2.18 lakh tonnes on year as per data. NCDEX accredited warehouses soyabean stocks gained by 132 tonnes to 217075 tonnes.At the Indore spot market in top producer MP, soybean gained 7 Rupees to 3414 Rupees per 100 kgs.

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EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 22 JANUARY 2018

Menthaoil trading range for the day is 1494-1587.4.Mentha oil spot at Sambhal closed at 1817.00 per 1kg. Spot prices was up by Rs.12.60/-. Mentha oil prices gained tracking a firm trend in the spot market on strong demand from consuming industries. Further, tight stocks position on fall in supplies from Chandausi in Uttar Pradesh too supported mentha oil prices. Stock positions of mentha in MCX accredited warehouses were around 6102 drums which is 96 drums less in comparison to previous day.

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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 22 JANUARY 2018

Aluminium trading range for the day is 139.5-146.1. Aluminium prices dropped on profit booking after prices gained buoyed by a pollution alert in China’s major industrial province. The climb came even as the country's output of the metal posted a surprise jump for December. Deliverable ShFE aluminium inventories grew by 9,818 tonnes from a week earlier to a fresh record of 783,759 tonnes, according to ShFE data.



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