Thursday, December 15, 2016

EPIC RESEARCH NCDEX UPDATE OF COTTON 15 DECEMBER 2016

Cotton trading range for the day is 18850-19250. Cotton gained due to improved demand from traders and stocksists at the spot market. World cotton stocks are forecast to decline 8 percent (7.7 million bales) in 2016/17 to 89.1 million bales, the lowest in 5 years. CAB estimated cotton output at 35.1 million bales of 170 kg each for the cotton year 2016-17. Cotton prices in spot market gained by 60.00 rupees and settled at 18740.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 15 DECEMBER 2016

Cardamom trading range for the day is 1285.1-1369.3. Cardamom prices ended with losses tracking weakness in spot demand after prices gained squeeze in supplies. The upsurge in cardamom prices so far this year does not seem to have cheered the growers as it is not benefiting them financially. The average yield per hectare in Kerala in 2015-16, when the total output was highest ever, stood at 491 kg as against 403 kg in 2014-15. Cardamom prices in spot market gained by 4.20 rupees and settled at 1347.90 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF RAPE MUSTARD SEED 15 DECEMBER 2016

Rmseed trading range for the day is 4517-4667. Mustard seed dropped on expectation of higher supply following robust sowing data and on weak demand during winter season. Mustard seed prices dropped following subdued demand from processors and prospects of higher crop year on year. NCDEX accredited warehouses mustard seed stocks gained by 423 tonnes to 4100 tonnes. In Alwar spot market in Rajasthan the prices gained 51.5 rupees to end at 4746 rupees per 100 kg. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF MAIZE 15 DECEMBER 2016

Maize trading range for the day is 1414-1442. Maize dropped tracking weakness in spot demand and overseas prices. Due to cash crunch in the market, farmers are bringing less stock in the market as traders are not able to pay the farmers. NCDEX accredited warehouses maize stocks gained by 255 tonnes to 5803 tonnes. In Nizamabad maize spot prices gained 3.6 rupees to 1441.1 rupees per 100kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 15 DECEMBER 2016

CPO trading range for the day is 559.8-570.6. Crude palm oil gained on supply worries after MPOB reported sharp fall in Malaysian palm oil output. Moreover, strong export demand from China and India for Indonesian palm oils following the reports on robust demand. Palm oil output in Malaysia fell by 6.1% while exports have also fallen by 4.2%, data published by MPOB showed. Crude palm oil prices in spot market gained by 2.20 rupees and settled at 565.20 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 15 DECEMBER 2016

Ref.Soya oil trading range for the day is 719-727. Ref soyoil ended with gains amid expectation of demand for the refined soy oil. The exports of oilmeal fell by 9.75% and stood at 1,08,342 tonnes in November this year. The government raised the base import price of all edible oils by $4-$62 per tn, the Central Board of Excise and Customs said in a notification. At the Indore spot market in Madhya Pradesh, soyoil was steady at 729.05 rupees per 10 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF JEERA 15 DECEMBER 2016

Jeera trading range for the day is 17420-17910. Jeera dropped on profit booking after prices gained due to lower level buying and reports of good demand for exports as supplies have dwindled. Gujarat farmers have planted jeera in 1,80,300 hectares, up by 41% compared to last year acreage. NCDEX accredited warehouses jeera stocks gained by 24 tonnes to 197 tonnes. In Unjha, a key spot market in Gujarat, jeera edged up by 20.85 rupees to end at 18392.3 rupee per 100 kg. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF TURMERIC 15 DECEMBER 2016

Turmeric trading range for the day is 7136-7256. Turmeric settled flat due to the arrival of medium and poor quality turmeric from the producing belts. However downside seen limited amid forecast of heavy rains in turmeric area. NCDEX accredited warehouses turmeric stocks dropped by 75 tonnes to 1928 tonnes. In Nizamabad, a major spot market in AP, the price ended at 7809.5 rupees gained 32.95 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 15 DECEMBER 2016

Soyabean trading range for the day is 3045-3121. Soyabean prices gained on supply worries in global market and on robust demand export market. Due to holiday mood arrivals were low at 2.5-3 lakh bags as against 400,000-450,000 bags during last week. NCDEX accredited warehouses soyabean stocks gained by 2865 tonnes to 119356 tonnes. At the Indore spot market in top producer MP, soybean gained 2 rupee to 3036 rupee per 100 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 15 DECEMBER 2016

Menthaoil trading range for the day is 983-1038.8. Mentha oil spot at Sambhal closed at 1082.80 per 1kg. Spot prices is up by Rs.26.60/-. Mentha oil prices ended with gains amid increasing demand in the domestic spot market. Further, tight stocks position on restricted supplies from producing regions, too supported mentha oil prices. At Chandausi market total arrivals are at 70 Drums (1-drum-180kg), up by 20 Drums (1-drum-180kg) as against previous day. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

Wednesday, December 14, 2016

EPIC RESEARCH NCDEX UPDATE OF COTTON 14 DECEMBER 2016

Cotton trading range for the day is 18760-19140. Cotton prices gained due to improved demand from domestic mills in the spot market. India's cotton output forecast for 2016-17 at 27 million bales (480 lb bales), USADA said in its WASDE report. USDA trimmed India's cotton consumption to 23.75 million bales as compared to 24 million bales previous estimates. Cotton prices in spot market gained by 90.00 rupees and settled at 18680.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 14 DECEMBER 2016

Cardamom trading range for the day is 1301.5-1393.5. Cardamom prices dropped on profit booking after prices gained recently amid good export from exporters. Total cardamom arrivals across Kerala in last week were around 410 MT against 333 MT arrived during last week. India’s production is likely to fall by 30-40% in 2016-17 due to unfavourable weather conditions. Cardamom prices in spot market dropped by 18.40 rupees and settled at 1343.70 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF RAPE MUSTARD SEED 14 DECEMBER 2016

Rmseed trading range for the day is 4487-4697. Mustard seed dropped tracking weakness in spot demand amid high acreage and favourable weather. India's mustard crop sowing rose 12.23% to 6.42 million hectare until now to good moisture and prevailing high prices. NCDEX accredited warehouses mustard seed stocks gained by 221 tonnes to 3677 tonnes. In Alwar spot market in Rajasthan the prices gained 1.5 rupees to end at 4696 rupees per 100 kg. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF MAIZE 14 DECEMBER 2016

Maize trading range for the day is 1424-1440. Maize prices ended with small gains tracking firmness in spot demand and overseas prices. In India, maize has been sown in around 8.99 lakh hec as on 9th December’ 16 which is higher than 8.63 lakh hec. NCDEX accredited warehouses maize stocks gained by 508 tonnes to 5548 tonnes. In Nizamabad maize spot prices dropped -11 rupees to 1437.5 rupees per 100kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 14 DECEMBER 2016

CPO trading range for the day is 554.9-569.3. Crude palm oil prices ended with gains tracking firmness in spot demand and overseas prices. Palm oil stockpiles in Malaysia is likely to be at 4-month high in November after India's cash ban seen curbing palm-oil imports. Malaysia palm oil reserves seen at 4-month high in November as per survey while output is estimated at -3% m/m to 1.63m tons. Crude palm oil prices in spot market gained by 0.40 rupees and settled at 563.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 14 DECEMBER 2016

Ref.Soya oil trading range for the day is 713-729. Ref soyoil prices ended with losses tracking weakness in spot demand and overseas prices. United States Environmental Protection Agency (EPA) raised 2017 bio-fuel target amid robust demand in export market. As per data compiled by the Solvent Extractors Association of India (SEA), the country had shipped 1,20,059 tonnes of oilmeal At the Indore spot market in Madhya Pradesh, soyoil was steady at 728.05 rupees per 10 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF JEERA 14 DECEMBER 2016

Jeera trading range for the day is 17175-18015. Jeera gained because of tight stocks and dwindling supplies due to fag-end of season but reports of higher sowing may limited the upside. Jeera sowing in Gujarat as on now stood at 180,000 hectare as against 127,000 hectare a year ago. NCDEX accredited warehouses jeera stocks gained by 50 tonnes to 173 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by -128.55 rupees to end at 18371.45 rupee per 100 kg. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF TURMERIC 14 DECEMBER 2016

Turmeric trading range for the day is 7096-7268. Turmeric prices gained tracking physical demand and forecast of heavy rains in turmeric area. Turmeric acreage in Telangana and Andhra Pradesh was higher this year as compared last year. NCDEX accredited warehouses turmeric stocks dropped by 55 tonnes to 2003 tonnes. In Nizamabad, a major spot market in AP, the price ended at 7776.55 rupees gained 33.9 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 14 DECEMBER 2016

Soyabean trading range for the day is 3040-3092. Soyabean prices gained on account of good crushing demand from the mills. However, improving arrivals in the domestic market and forecasts for some much-needed rain in Argentina’s growing areas, capped some gains. NCDEX accredited warehouses soyabean stocks gained by 5723 tonnes to 116491 tonnes. At the Indore spot market in top producer MP, soybean dropped -1 rupee to 3034 rupee per 100 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300

EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 14 DECEMBER 2016

Menthaoil trading range for the day is 959-1031.8. Mentha oil spot at Sambhal closed at 1056.20 per 1kg. Spot prices is up by Rs.4.20/-. Mentha oil gained amid rising demand in the domestic spot market. Stock positions of Mentha in MCX accredited warehouses were around 11459 drums which is 27 drums less against the previous day. Trade sources estimate that total area under Mentha planting has dropped by 20% to 1.75 lakh ha this season. To get reliable and quality NCDEX Tips ✆ – 0731-6642300