Tuesday, October 23, 2018

EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 23 OCTOBER 2018


  • Cardamom trading range for the day is 1419.4-1453.8.
  • Cardamom settled up amid 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.
  • Cardamom prices in spot market dropped by 5.80 rupees and settled at 1332.00 rupees.


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EPIC RESEARCH NCDEX UPDATE OF JEERA 23 OCTOBER 2018


  • Jeera trading range for the day is 19675-20585.
  • Jeera dropped on profit booking after prices gained amid improved physical domestic and exports demands from China and Bangladesh.
  • During monsoon season, Jeera producing districts of Gujarat received scanty rains, which will affect its production in next season.
  • NCDEX accredited warehouses jeera stocks dropped by 72 tonnes to 2627 tonnes.
  • In Unjha, a key spot market in Gujarat, jeera edged down by -3.45 Rupees to end at 20058.6 Rupees per 100 kg.

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EPIC RESEARCH NCDEX UPDATE OF TURMERIC 23 OCTOBER 2018


  • Turmeric trading range for the day is 6464-6736.
  • Turmeric prices gained on improved demand in the local mandis amid lower stock.
  • However, turmeric arrivals in Sangli mandi were 2,000 bags (60 Kg/bag) today while the arrivals were 1,500-2,000 bags.
  • NCDEX accredited warehouses turmeric stocks gained by 78 tonnes to 3648 tonnes.
  • In Nizamabad, a major spot market in AP, the price ended at 6900 Rupees gained 40.3 Rupees.


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Friday, October 19, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 19 OCTOBER 2018


  • CPO trading range for the day is 590-595.6.
  • Crude palm oil dropped tracking weakness in spot demand despite firmness in overseas prices on expectations of lean production growth in October.
  • Production levels rose 14.4 percent in September at 1.85 million tonnes, according to data from the Malaysian Palm Oil Board.
  • Malaysia's palm oil inventories edged up in September to their highest in eight months, surpassing market expectations.
  • Crude palm oil prices in spot market gained by 1.00 rupees and settled at 591.20 rupees. 

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EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 19 OCTOBER 2018


  • Menthaoil trading range for the day is 1701.1-1732.1.
  • Mentha oil spot at Sambhal closed at 1868.30 per 1kg. Spot prices was down by Rs.-1.20/-.
  • Mentha oil prices rallied due to bullish demand outlook from domestic market as well as exporters.
  • Spot markets are also witnessing strong consumption demand amid restricted supplies.
  • Bumper crop harvest has been discounted in the market and market is moving upwards on rising demand from end users.


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EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 19 OCTOBER 2018


  • Soyabean trading range for the day is 3231-3345.
  • Soyabean gained on short covering after prices dropped amid weakness in overseas prices as a bumper U.S. crop harvest is expected to gather pace.
  • USDA said the U.S. soybean harvest was 38 percent complete, lagging the five-year average of 53 percent and barely up from 32 percent in the previous week.
  • NCDEX accredited warehouses soyabean stocks gained by 2450 tonnes to 12827 tonnes.
  • At the Indore spot market in top producer MP, soybean dropped -40 Rupees to 3303 Rupees per 100 kgs.

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Wednesday, October 17, 2018

EPIC RESEARCH NCDEX UPDATE OF COTTON 17 OCTOBER 2018


  • Cotton trading range for the day is 22690-23050.
  • Cotton dropped on profit booking after prices gained as CAI projected fall in output in its first cotton estimate while the demand is seen modest.
  • China 2019 cotton import quota set at 894,000 T – industry association
  • Cotton prices in spot market gained by 50.00 rupees and settled at 22790.00 rupees. 


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EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 17 OCTOBER 2018


  • Cardamom trading range for the day is 1377.8-1407.4.
  • Cardamom gained amid 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.
  • Cardamom prices in spot market dropped by 1.80 rupees and settled at 1322.80 rupees. 

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