1. business and industrial
2. energy
3. oil

29-Dec-14
Item
Open
High
35490
35500
Low
Close
% Cng
OI
34945
-1.34
41
Comments
Spices
Pepper
Turmeric
34420
Agro Market
8660
8932
8580
8932
3.98
Jeera
14535
15115
14535
15080
3.75
6606
Coriander
12800
12831
12162
12272
-3.13
15420
Cardamom
26190
925
949
923.3
941.7
2.00
1439
Sugar m
2661
2710
2661
2707
0.78
17100
Wheat
1700
1724
1695
1715
1.00
2620
Maize
1240
1253
1235
1253
1.79
11630
Barley
1621
1621
1599
1606.5
-0.34
1830
Chana
3385
3495
3385
3478
3.17
73420
Kapas
812.5
823
809
821
1.48
18668
971
975
970
972.5
0.31
1830
Cotton
15770
15840
15750
15800
0.25
1433
Mentha Oil
732.4
739
729
733.7
0.58
9302
Soya Bean
3377
3457
3377
3402
1.34
111090
67715
Cereals
Most of the spices counter on the
NCDEX yesterday ended with gains.
Turmeric prices ended with four
percent upper circuit followed by more
than three percent losses in jeera
prices while dhaniya prices ended with
more than three percent losses.
Turmeric prices gained amid rising
domestic as well as export demand in
the spot market. Jeera prices gained
heavily following upsurge in demand
in the spot market against restricted
arrivals from producing belts.
Others
Gur
Ref.soya oil
625.5
635.3
623.55
635.3
3.99
Cpo
434.7
442.8
434.7
442.8
3.99
2109
Rmseed
4283
4335
4276
4327
1.64
20950
Castorseed
5250
5350
5237
5294
1.85
236920
DAILY MARKET LEVEL
COMMODITIES
CARDAMOM
WHEAT
MENTHA OIL
CHANA
TURMERIC
JEERA
SOYABEAN
R.SOYA OIL
CLOSE
941.7
1715
733.7
3478
8932
15080
3402
635.3
978.4
1756
748.8
3631
9400
15865
3527
649.0
963.7
1740
743.9
3563
9166
15490
3492
642.0
952.7
1727
738.8
3521
9048
15285
3447
638.0
938.0
1711
733.9
3453
8814
14910
3412
631.0
927.0
1698
728.8
3411
8696
14705
3367
627.0
912.3
1682
723.9
3343
8462
14330
3332
620.0
901.3
1669
718.8
3301
8344
14125
3287
616.0
OI
1439
2620
9302
73420
26190
6606
111090
67715
OI (%)
7.47
-3.68
9.51
-5.98
-3.50
-11.57
-1.37
-2.78
RESISTANCE
P. POINT
SUPPORT
SPOT MARKETS UPDATE
CORIANDER
SUGAR
SOYABEAN
CHANA
TURMERIC
JEERA
R.SOYA OIL
WHEAT
RM SEED
COTTON
12272
2707
3402
3478
8932
15080
635.3
1715
4327
15800
-3.13
0.78
1.34
3.17
3.98
3.75
3.99
1.00
1.64
0.25
SOYABEAN
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
3377
3457
3377
3402
1.34
45.00
111090
88370
MARKET MOVER
Soyabean trading range for the day is 3332-3492.
Soyabean prices rose on higher demand for the bean in global
market and on supply concern for the bean in domestic
market.
Demand for the Indian bean rose on speculation of weak
supply due to damages of the crop in Maharashtra.
COOIT forecasts India soybean output to fall 3.74% to 9.17
million tons as against its last year's estimates of 9.5 million
tons.
At the Indore spot market in top producer MP, soybean gained
58 rupee to 3402 rupee per 100 kgs.
BUY SOYABEAN JAN @ 3380 SL 3340 TGT 3420-3480.NCDEX
MARKET COMMENTARY
Soyabean settled up 1.34% at 3402 on higher demand for the bean in global market and on supply concern for the bean in domestic market.
Demand for the Indian bean rose on speculation of weak supply due to damages of the crop in Maharashtra. Indian farmers are hoarding stocks on
hope of prices rebounding in the next few weeks amid fears of damages to crop in Maharashtra. Untimely and delayed monsoon rains during June
and July this year in Maharashtra has damaged soybean crop. Prices of the bean will also be supported after Central Organisation for Oil Industry
and Trade (COOIT) trimmed its forecast for India 2014-15 soybean production. COOIT forecasts India soybean output to fall 3.74% to 9.17 million
tons as against its last year's estimates of 9.5 million tons. Demand for bean will increases after demand from crude palm oil shifts to soybean as
CPO solidified in cold weather. In domestic market prices of the bean will also rise on expectation of higher demand from oil crusher after the
government hikes import duty on edible and crude oil. In daily reporting, United States Department of Agriculture (USDA) last week said China
bought 1.5 million tons soybean in 2015/2016. USDA reported the soybean export inspections pace for the last week at 66.9 million bushels.
Technically market is under short covering as market has witnessed drop in open interest by -1.37% to settled at 111090 while prices up 45 rupee,
now Soyabean is getting support at 3367 and below same could see a test of 3332 level, And resistance is now likely to be seen at 3447, a move
above could see prices testing 3492.
RM Seed
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
4283
4335
4276
4327
1.64
70.00
20950
47510
MARKET MOVER
Rmseed trading range for the day is 4254-4372.
Mustard seed gained due to tight supplies in spot markets and
concerns about production following dry weather in Rajasthan
The buying was driven by expectations that India's rapeseed
output would fall in 2015.
Reports of decline in sowing area and improved winter demand
have prompted stockists to restrict supply of mustard seeds in
mandis
In the Alwar spot market in Rajasthan the price gained 25.75
rupee to 4369.65 rupees per 20kgs.
BUY RMSEED JAN @ 4235 SL 4210 TGT 4260-4285.NCDEX
MARKET COMMENTARY
Rmseed settled up 1.64% at 4327 due to tight supplies in spot markets and concerns about production following dry weather in top producing
Rajasthan state. Reports of decline in sowing area and improved winter demand have prompted stockists to restrict supply of mustard seeds in
mandis. The buying was driven by expectations that India's rapeseed output would fall in 2015.Sowing of the mustard/rape seed, the major rabi
oilseed, until December 18 fell 5.34% to 6.20 million hectare compared to 6.55 million hectare a year ago due to lower sowing in Rajasthan and
Madhya Pradesh. In Madhya Pradesh acreages of rm seed until December 18 fell 17.07% to 646,000 hectare compared to 7.79 million hectare a
year ago. In Rajasthan area covered under mustard seed until December 18 fell 11.16% to 264,100 hectare compared to 297,300 hectare a year
ago. In Rajasthan mustard seed acreage is down due to moisture stress while in Madhya Pradesh and Gujarat late harvesting of cotton impacted the
planting. Prices of the mustard seed were also supported by higher demand following robust export data. India rapeseed meal exports from India
jumps 42.13% on year to 39,133 tons in November on improved demand from South Korea, Iran and Thailand, data released from Solvent
Extractors Association of India (SEA) showed. Technically market is under short covering as market has witnessed drop in open interest by -4.86%
to settled at 20950 while prices up 70 rupee, now Rmseed is getting support at 4290 and below same could see a test of 4254 level, And resistance
is now likely to be seen at 4349, a move above could see prices testing 4372.
MENTHA OIL
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
732.4
739.0
729.0
733.7
0.58
4.20
9302
3217
MARKET MOVER
Menthaoil trading range for the day is 723.9-743.9.
Menthaoil spot is at 840/-. Spot market is up by Rs.16/-.
Mentha oil prices gained amid pick-up in domestic demand
against tight supplies from producing belts.
Besides, restricted arrivals from Chandausi in Uttar Pradesh
also supported uptrend.
Mentha oil production is expected to fall this year by 30 per
cent to 40,000 tonnes from 55,000 tonnes a year ago.
BUY MENTHA OIL JAN ABV 732 SL BELOW 720 TGT 740-748756. MCX (BTST)
MARKET COMMENTARY
Menthaoil settled up 0.58% at 733.7 amid pick-up in domestic demand against tight supplies from producing belts. Besides, restricted arrivals from
Chandausi in Uttar Pradesh also supported uptrend. Mentha Oil found some support at the lower levels as closure of International markets for
Christmas and New Year adversely affected the export demand that had picked up recently. However, domestic demand from pharmaceutical
Industries in Indian markets may support the falling rates in coming days. Exports expected to pick up in Jan 2nd week as International markets
open. At Sambhal market total arrivals are at 60 Drums(1-drum=180kg), higher by 10 Drums(1-drum=180kg) as against previous day. At
Barabanki market arrivals were reported at 150 Drums(1-drum-180kg), steady as against previous day’s arrival. At Bareilly market total arrivals are
at 2 Drums(1-drum-180kg), lower by 1 Drums(1-drum-180kg) from previous day’s arrivals. At Rampur market sources reported arrivals at 5
Drums(1-drum=180kg), down by 1 Drums(1-drum=180kg) from previous trading day. Mentha oil production is expected to fall this year by 30 per
cent to 40,000 tonnes from 55,000 tonnes a year ago, with acreage under the commodity declining as farmers sentiment were dampened due to
lower prices. Mentha oil arrivals to the spot market, especially from the Chandausi in Uttar Pradesh, have increased substantially. The resulting fall in
prices was capped due to lower production of the commodity this season. Technically market is under fresh buying as market has witnessed gain in
open interest by 9.51% to settled at 9302 while prices up 4.2 rupee, now Menthaoil is getting support at 728.8 and below same could see a test of
723.9 level, And resistance is now likely to be seen at 738.8, a move above could see prices testing 743.9.
CHANA
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
3385
3495
3385
3478
3.17
107.00
73420
96580
MARKET MOVER
Chana trading range for the day is 3343-3563.
Chana prices rose on improved demand from bulk consumers
and lower sowing as well as acreage.
India 2014-15 rabi gram sowing until now at 7.51 million
hectares as compared to 8.94 million hectare previous year.
Domestic demand for chickpea is strong in local mandis as
quality available in market is of superior variety.
In Delhi spot market, chana gained by 110.9 rupee to end at
3474.8 rupee per 100 kgs.
BUY CHANA JAN @ 3450 SL 3410 TGT 3495-3550.NCDEX
MARKET COMMENTARY
Chana settled up 3.17% at 3478 on improved demand from bulk consumers and lower sowing as well as acreage. Domestic demand for chickpea is
strong in local mandis as quality available in market is of superior variety. Chana prices were also supported on lower sowing as acreage leading to a
fall in output next year. India 2014-15 rabi gram sowing until now at 7.51 million hectares as compared to 8.94 million hectare previous year.
Acreage of the crop harvested in 2015 is forecasted 12% lower at 8.90 million hectare as compared to 10.19 million hectare in previous season.
Pulses sowing fell by 10.9% to 11.9 million hectare as as compared to last year due to lower rains and late harvesting to kharif crops in Madhya
Pradesh, Maharashtra and Andhra Pradesh. Lower prices on the back of record output and comfortable supplies may force farmers to switch over to
other remunerative crops such as mustard and coriander which could yield better returns. Due to this, the government has set a target of 9.3 million
tons for chana output for 2014-15 rabi season, down 5.87% compared to previous year. Meanwhile, according to Australian Bureau of Agriculture
and Resource Economics (ABARE) total acreage in Australia was down by 33% to 339,000 hectare as compared to previous year. Technically market
is under short covering as market has witnessed drop in open interest by -5.98% to settled at 73420 while prices up 107 rupee, now Chana is
getting support at 3410 and below same could see a test of 3343 level, And resistance is now likely to be seen at 3520, a move above could see
prices testing 3563.
TURMERIC
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
8660
8932
8580
8932
3.98
342.00
26190
25040
MARKET MOVER
Turmeric trading range for the day is 8462-9166.
Turmeric prices gained amid rising domestic as well as export
demand in the spot market.
Besides, tight supplies in the physical market following
restricted arrivals from producing regions supported the
upside.
At Nizamabad market sources reported arrivals at 1200
quintals, down by 500 quintals from previous trading day.
In Nizamabad, a major spot market in AP, the price ended at
7380.95 rupees remains unchanged at0 rupees.
BUY TURMERIC APR @ 8850 SL 8700 TGT 8980-91009220.NCDEX
MARKET COMMENTARY
Turmeric settled up 3.98% at 8932 amid rising domestic as well as export demand in the spot market. Besides, tight supplies in the physical market following
restricted arrivals from producing regions supported the upside. Demand is expected to pick up further in coming weeks. Falling stocks too are likely to support
the prices. At Erode market estimated market supply was at 12000 quintals, up by 2000 quintals from previous trading day. At Nizamabad market sources
reported arrivals at 1200 quintals, down by 500 quintals from previous trading day. As per the market sources, the total production of turmeric in the current
year is expected to be around 35-37 lakh bags against 52 lakh bags of the last year. This is mainly due to weak production forecast in major producing states
such as Andhra Pradesh and Tamilnadu. Sources mentioned that weak rainfall so far in the major growing regions of turmeric in the state such as Nizamabad
and Warangal will reduce the crop to 17-18 lakh bags from 22 lakh bags projected in the last year. Hybrid turmeric prices in Erode markets touched Rs. 9,600
a quintal for the first time during this year on the back of new orders from upcountry traders. The price of hybrid and local turmeric were up due to speculative
buying. Some exporters have received fresh upcountry demand procured more than 5,000 bags. technically market is under short covering as market has
witnessed drop in open interest by -3.5% to settled at 26190 while prices up 342 rupee, now Turmeric is getting support at 8697 and below same could see a
test of 8463 level, And resistance is now likely to be seen at 9049, a move above could see prices testing 9167.
JEERA
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
14535
15115
14535
15080
3.75
545.00
6606
17055
MARKET MOVER
Jeera trading range for the day is 14330-15490.
Jeera prices gained heavily following upsurge in demand in the
spot market against restricted arrivals from producing belts.
Lower production expected this time but improved climate in
growing states are reportedly good for the standing crop.
NCDEX accredited warehouses jeera stocks gained by 285
tonnes to 2911 tonnes.
In Unjha, a key spot market in Gujarat, jeera edged up by
434.4 rupees to end at 14409.4 rupee per 100 kg.
BUY JEERA JAN @ 14980 SL 14800 TGT 15140-1526015400.NCDEX
MARKET COMMENTARY
Jeera settled up 3.75% at 15080 following upsurge in demand in the spot market against restricted arrivals from producing belts. Rise in exports and
expectations of a fall in production kept trend Bullish even as International markets close for the Christmas and New Year Holidays. The exports are
likely to slow down, but will pick up as markets open after 1st week of January. Lower production expected this time but improved climate in
growing states are reportedly good for the standing crop. At Rajkot market arrivals were reported at 480 quintals, down by 120 quintals from
previous trading day. At Unjha market in Mehsana sources reported arrivals at 15000 quintals, unchanged as compared to previous day’s arrival. At
Jodhpur market sources reported arrivals at 250 quintals, higher by 100 quintals from previous day’s arrivals. Sources expect arrivals to remain
moderate but till exports pick up significantly, trend likely to remain slight weak as of now. Area under jeera in Gujarat was reported at 455,000 ha
as against 335,200 ha last year while about 390,000 ha were sown in Rajasthan. Geo-political tensions in Syria and Turkey have led to a supply
crunch in the global markets raising supply concerns from the two major exporting countries. Export orders are diverted to India. Production is also
expected to fall in Syria and Turkey due to crop failure. Technically market is under short covering as market has witnessed drop in open interest by 11.57% to settled at 6606 while prices up 545 rupee, now Jeera is getting support at 14705 and below same could see a test of 14330 level, And
resistance is now likely to be seen at 15285, a move above could see prices testing 15490.
CASTORSEED
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
5250
5350
5237
5294
1.85
96.00
236920
164050
SUP-3
5125
SUP-2
5181
SUP-1
5238
P.P.
5294
RES-1
5351
RES-2
5407
RES-3
5464
OI (%)
-10.18
MARKET COMMENTARY
Castorseed settled up 1.85% at 5294, technically
market is under short covering as market has
witnessed drop in open interest by -10.18% to
settled at 235070 while prices up 96 rupee, now
Castorseed is getting support at 5238 and below
same could see a test of 5181 level, And resistance
is now likely to be seen at 5351, a move above
could see prices testing 5407.
Castorseed trading range for the day is 5181-5407.
BUY CASTORSEED JUNE @ 3160 SL 3135 TGT 3185-3210.NCDEX
The spot prices of castorseed in Disa mandi gained 80.45 rupee to 4338.8 rupees per kg.
MAIZERABI
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
1240
1253
1235
1253
1.79
22.00
11630
VOLUME
3790
SUP-3
SUP-2
SUP-1
P.P.
RES-1
RES-2
RES-3
OI (%)
1223
1229
1241
1247
1259
1265
1277
0.43
MARKET MOVER
Maize trading range for the day is 1229-1265.
Maize prices ended with gains due to support from strong
demand.
Maize have been sown in 9.73 lakh hectares as on now during
Rabi season, higher by 0.05 lakh hectares as compared to last
year.
NCDEX accredited warehouses maize stocks gained by 167
tonnes to 6828 tonnes.
In Nizamabad market, maize prices dropped -2 rupee to end at
1342 rupees per 10 kg.
BUY MAIZERABI JAN @ 1225 SL 1210 TGT 1240-1256.NCDEX
MARKET COMMENTARY
Maize settled up 1.79% at 1253 due to support from strong demand. As per ministry of agriculture, maize have been sown in 9.73 lakh
hectares as on now during Rabi season, higher by 0.05 lakh hectares as compared to last year. As per IBIS data, exports of corn were
reported around 0.029 million tons for the period of 8th Dec to 14th Dec mainly to Malaysia, Vietnam, Srilanka and Canada. At Khanna
market in Punjab estimated market supply was at 1800 Quintal, higher by 300 Quintal from previous trading day. At New Delhi market
total arrivals are at 500 quintals, down by 100 quintals as compared to previous day. At Naugachia market in Bihar arrivals were reported
at 833 Quintal, steady as against previous day’s arrival. At Ahmedabad market in Gujarat arrivals were reported at 4000 bags, lower by
2000 bags from previous day’s arrivals. U.S. corn was competitive in global markets through most of the first half of 2015, supporting
futures even as global supplies remained plentiful and growing conditions favourable in South America. China has allowed imports of one of
Argentina's genetically modified varieties of corn, Argentina's agriculture ministry said, adding to a number of approvals given in recent
days by the world's second-largest corn consumer. World corn stockpiles will be 192.2 million metric tons, up from 191.5 million forecast
last month, the U.S. Department of Agriculture said. Technically market is under fresh buying as market has witnessed gain in open
interest by 0.43% to settled at 11630 while prices up 22 rupee, now Maize is getting support at 1241 and below same could see a test of
1229 level, And resistance is now likely to be seen at 1259, a move above could see prices testing 1265.
MONTH
OPEN
HIGH
LOW
CLOSE
OPEN INT
CHANGE
IN RS.
CHANGE
IN %
VOLUME
OI (%)
1825
7.47
OTHER COMMODITY ITEMS TRADING LEVEL
MCX CARDAMOM
Jan 2015
INTRA-DAY
LEVEL FOR
Jan 2015
MONTH
925.0
Support
Resistance
949.0
923.3
941.7
Sup-1
Sup-2
Sup-3
927
912
901
Res-1
Res-2
Res-3
953
964
978
635.3
623.6
635.3
Sup-1
Sup-2
Sup-3
627
620
616
Res-1
Res-2
Res-3
638
642
649
442.8
434.7
442.8
Sup-1
Sup-2
Sup-3
437.4
432.0
429.3
Res-1
Res-2
Res-3
445.5
448.2
453.6
1621.0
1599.0
1606.5
Sup-1
Sup-2
Sup-3
1597
1587
1575
Res-1
Res-2
Res-3
1619
1631
1641
4335
4276
4327
Sup-1
Sup-2
Sup-3
4291
4254
4232
Res-1
Res-2
Res-3
4350
4372
4409
3457.0
3377.0
3402.0
Sup-1
Sup-2
Sup-3
3367.0
3332.0
3287.0
Res-1
Res-2
Res-3
3447.0
3492.0
3527.0
1724
1695
1715
Sup-1
Sup-2
Sup-3
1698
1682
1669
Res-1
Res-2
Res-3
1727
1740
1756
2710
2661
2707
Sup-1
Sup-2
Sup-3
2676
2644
2627
Res-1
Res-2
Res-3
2725
2742
2774
1439
18.5
2.00
P.POINT
Positive
938
NCDEX REF.SOYA OIL
Jan 2015
INTRA-DAY
LEVEL FOR
Jan 2015
MONTH
625.5
Support
Resistance
67715
24.4
3.99
69340
-2.78
P.POINT
Positive
631
MCX CRUDE PALM OIL
Dec 2014
INTRA-DAY
LEVEL FOR
Dec 2014
MONTH
434.7
Support
Resistance
2109
17
3.99
750
-7.94
P.POINT
Positive
440.1
NCDEX BARLEY
Jan 2015
INTRA-DAY
LEVEL FOR
Jan 2015
MONTH
1621.0
Support
Resistance
1830
-5.5
-0.34
180
-3.17
P.POINT
Weak
1609
NCDEX RMSEED
Jan 2015
INTRA-DAY
LEVEL FOR
Jan 2015
MONTH
4283
Support
Resistance
20950
70
1.64
47510
-4.86
P.POINT
Positive
4313
NCDEX SOYABEAN
Jan 2015
INTRA-DAY
LEVEL FOR
Jan 2015
MONTH
3377.0
Support
Resistance
111090
45
1.34
88370
-1.37
P.POINT
Weak
3412.0
NCDEX WHEAT
Jan 2015
INTRA-DAY
LEVEL FOR
Jan 2015
MONTH
1700
Support
Resistance
2620
17
1.00
1110
-3.68
P.POINT
Positive
1711
NCDEX SUGARM
Mar 2015
INTRA-DAY
LEVEL FOR
Mar 2015
MONTH
2661
Support
Resistance
17100
21
0.78
2400
P.POINT
Positive
2693
NCDEX REF.SOYA OIL JUNE
-0.41
SPREAD UPDATE
DAILY SPREAD IN MENTHA OIL - MCX
MONTH
RATE
Jan 2015
733.7
Feb 2015
744.2
Mar 2015
753.7
Jan 2015
DAILY SPREAD IN SOYABEAN - NCDEX
Feb 2015
Mar 2015
MONTH
RATE
10.5
20
Jan 2015
3402
9.5
Feb 2015
3472
Apr 2015
3531
Jan 2015
Feb 2015
Apr 2015
70
129
59
Spread between Menthaoil JAN & FEB contracts yesterday ended Spread between Soyabean JAN & FEB contracts yesterday ended
at Rs.10.5, we have seen yesterday Menthaoil future had traded at Rs.70, we have seen yesterday Soyabean future had traded in
in a positive zone and settled 0.58% up.
a positive zone and settled 1.34% up.
DAILY SPREAD IN CPO - MCX
MONTH
RATE
Dec 2014
442.8
Jan 2015
453.2
Feb 2015
459
Dec 2014
DAILY SPREAD IN CHANA - NCDEX
Jan 2015
Feb 2015
MONTH
RATE
10.4
16
Jan 2015
3478
5.8
Feb 2015
3525
Apr 2015
3628
Jan 2015
Feb 2015
47
Apr 2015
150
103
Spread between CPO DEC & JAN contracts yesterday ended at Spread between Chana JAN & FEB contracts yesterday ended at
Rs.10.4, we have seen yesterday CPO future had traded in a Rs.47, we have seen yesterday Chana future had traded in a
positive zone and settled 3.99% up.
positive zone and settled 3.17% up.
DAILY SPREAD IN JEERA - NCDEX
MONTH
RATE
Jan 2015
15080
Feb 2015
15330
Mar 2015
15535
Jan 2015
DAILY SPREAD IN TURMERIC - NCDEX
Feb 2015
Mar 2015
MONTH
RATE
250
455
Apr 2015
8932
205
May 2015
8998
Jun 2015
9072
Apr 2015
May 2015
Jun 2015
66
140
74
Spread between Jeera JAN & FEB contracts yesterday ended at Spread between Turmeric APR & MAY contracts yesterday ended
Rs.250, we have seen yesterday Jeera future had traded in a at Rs.66, we have seen yesterday Turmeric future had traded in
positive zone and settled 3.75% up.
a positive zone and settled 3.98% up.
DAILY SPREAD IN CARDAMOM - MCX
MONTH
RATE
Jan 2015
941.7
Feb 2015
970.1
Mar 2015
997.2
Jan 2015
DAILY SPREAD IN REF.SOYA - NCDEX
Feb 2015
Mar 2015
MONTH
RATE
28.4
56
Jan 2015
635.3
27.1
Feb 2015
634.65
Apr 2015
621
Jan 2015
Feb 2015
-0.65
Apr 2015
-14
-13.65
Spread between Cardamom JAN & FEB contracts yesterday ended Spread between Ref.Soyaoil JAN & FEB contracts yesterday
at Rs.28.4, we have seen yesterday Cardamom future had traded ended at Rs.-0.65, we have seen yesterday Ref.Soyaoil future
in a positive zone and settled 2% up.
had traded in a positive zone and settled 3.99% up.
NEWS YOU CAN USE
Government has raised the import tax on crude edible oils and refined oils by 5 percentage points each to protect local farmers
from rising imports from Malaysia and Indonesia. In an order made public on Thursday, it said the import tax on the crude variety
of vegetable oil would rise to 7.5 percent from 2.5 percent, while that on refined oil would rise to 15 from 10 percent with
immediate effect. India is the world's biggest vegetable oil importer. It meets nearly 60 percent of its 18-19 million tonnes of
annual demand from overseas, mostly in the form of palm oil from top producers Indonesia and Malaysia. The increase in import
duties is expected to hit Malaysian palm oil futures, the regional benchmark. Still, the food ministry had sought to double the tax
on crude edible oils while increasing that on refined oils by 50 percent. Hit by cheaper vegetable oil imports from Malaysia and
Indonesia, industry body the Solvent Extractors Association of India (SEA) had petitioned the government to raise the import duty
on crude vegetable oils to 10 percent and 25 percent on refined products.
Russia's grain exports have stopped due to curbs brought in to protect domestic supply, putting big deals at risk, an influential
farm lobby group said. Russia's main wheat buyers are Turkey, Iran and, very vulnerable to supply disruption, Egypt. Moscow
imposed informal grain export controls with tougher quality monitoring and limits on railroad loadings earlier this month, as it
tackles a financial crisis linked to plunging oil and Western sanctions. Officials also plan to impose duty on grain exports.
Zlochevsky said its exact level was an unimportant detail, as he was sure it would be prohibitive. Russia imposed a duty on wheat
exports in 2008 and an official ban in 2010 when a drought hit its crop. The 2010 ban was partially responsible for triggering social
unrest and a revolution in Egypt, as more than 500,000 tonnes were not supplied and global prices rose damaging Egypt's state
bread subsidy programme, Zlochevsky said. About 3 million tonnes of grain due for export until the end of January were now stuck,
Zlochevsky said. As a result, Russia may fail to supply wheat to Egypt's General Authority for Supply Commodities (GASC), the
state buyer of the world's largest wheat importer, in January, he added.
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