Wednesday, 28 February 2018

EPIC RESEARCH NCDEX COTTON UPDATE OF 28 FEBRUARY 2018

Cotton trading range for the day is 20223-20683.Cotton prices dropped tracking weakness in spot demand amid rise in arrivals. India's cotton arrivals until now during the current season 2017-18 (Oct-Sep) registered a growth of 10.2% at 22.31 million bales of 170 each. Cotton Association of India has lowered its estimate of the cotton crop for the ongoing season by 8 lakh bales due to pink bollworm attack in major producing.Cotton prices in spot market gained by 150.00 rupees and settled at 19730.00 rupees.

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EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 28 FEBRUARY 2018

Cardamom trading range for the day is 1080.2-1114.2. Cardamom gained tracking fimness in spot demand despite of reports of rains in some the producing areas are likely to benefit plants. Further sustained demand from exporters due to good export orders also supported prices. India exported 2,230 ton cardamom during Apr-Sept 2017-18 up from 1,624 ton a year ago- showing a significant increase of 37%. Cardamom prices in spot market gained by 2.20 rupees and settled at 1091.40 rupees.

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EPIC RESEARCH NCDEX JEERA UPDATE OF 28 FEBRUARY 2018

Jeera trading range for the day is 14500-15420. Jeera prices dropped due to narrowing of bets by investors driven by sluggish demand amid relentless supplies from growing regions. Moreover, expectation of higher production in current year also kept prices down. NCDEX accredited warehouses jeera stocks gained by 174 tonnes to 8767 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by -24.85 Rupees to end at 17422.2 Rupees per 100 kg.

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EPIC RESEARCH NCDEX TURMERIC UPDATE OF 28 FEBRUARY 2018

Turmeric trading range for the day is 6554-6822.Turmeric prices dropped triggered by ample stocks position amid increased arrivals from producing belts.Turmeric prices slumped on improved supply prospects owing to higher arrivals in domestic market.NCDEX accredited warehouses turmeric stocks gained by 90 tonnes to 150 tonnes. In Nizamabad, a major spot market in AP, the price ended at 6800 Rupees dropped -12.5 Rupees.



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EPIC RESEARCH NCDEX RM SEED UPDATE OF 28 FEBRUARY 2018

Rmseed trading range for the day is 4038-4128. Mustard seed prices dropped amid lower demand from crushers. Crushing of mustard during January month slipped 23.52% compared to previous month on disparity. Mustard seed crushing dropped to 325,000 tons in January compared to 425,000 tons in December month. In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 3973.5 Rupees per 100 kg.

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EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 28 FEBRUARY 2018

CPO trading range for the day is 588.5-595.9.Crude palm oil prices gained on uptick in demand from consuming industries at the spot market. Crude palm oil (CPO) output and exports from Indonesia, the world's top producer, likely post a small increase in January. Output in January was forecast to rise to 3.59 million tonnes, up slightly from 3.52 million tonnes in December.Crude palm oil prices in spot market gained by 1.20 rupees and settled at 587.30 rupees.

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EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 28 FEBRUARY 2018

Ref.Soya oil trading range for the day is 749-757. Ref soyoil ended flat tracking weakness in spot demand amid increasing supply worries. Unfavourable weather condition in Brazil is delaying harvesting of the crop while in Argentina dry weather condition is leading to lowering yield levels. Country veg oil imports rose 25% on year to 1.29 mln tn in January while overall import of vegetable oils during Nov-Jan was at 3.63 mln tn.At the Indore spot market in Madhya Pradesh, soyoil was steady at 745.8 Rupees per 10 kgs.

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EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 28 FEBRUARY 2018

Soyabean trading range for the day is 3669-3787. Soyabean prices dropped on late profit booking after seen supported on improved demand from the oil mills and diminishing physical supplies. India’s soybean output in the 2017 -18 season is likely to decline by 24 per cent to 8.35 MMT compared to previous year’s estimates of 10.9 MMT. NCDEX accredited warehouses soyabean stocks dropped by 1684 tonnes to 179380 tonnes. At the Indore spot market in top producer MP, soybean gained 34 Rupees to 3800 Rupees per 100 kgs.

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EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 28 FEBRUARY 2018

Menthaoil trading range for the day is 1245.6-1379.8. Mentha oil spot at Sambhal closed at 1519.00 per 1kg. Spot prices was up by Rs.20.80/-. Mentha oil dropped driven by subdued demand from consuming industries in the spot market. Further, ample stocks position on higher supplies from major producing belts of Chandausi in Uttar Pradesh, too influenced mentha oil prices. Stock positions of mentha in MCX accredited warehouses were around 2992 drums which is same in comparison to previous day.

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EPIC RESEARCH MCX ALUMINIUM UPDATE OF 28 FEBRUARY 2018

Aluminium trading range for the day is 139.2-141.6. Aluminium prices ticked up on signs of tightness in near-term supply. China's social inventory of refined aluminium including SHFE warrants amounted to 2.07 million mt as of Monday February 26, according to data.A global aluminium producer has offered Japanese buyers a premium of $135 per tonne for primary metal shipments during the April to June quarter.

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