1. business and industrial
2. energy
3. oil
4. oil and gas prices

6-Jul-15
Item
Open
High
35490
35500
Low
Close
% Cng
OI
34945
-1.34
41
Comments
Spices
Pepper
Turmeric
34420
Agro Market
7360
7360
7202
7220
-1.45
Jeera
16280
16410
15910
16010
-1.96
16188
Coriander
12089
12145
11944
11983
-0.64
45260
Cardamom
16815
829
838.2
821
825.2
-0.21
720
Sugar m
2188
2203
2187
2198
0.41
39760
Wheat
1519
1543
1519
1541
1.31
14240
Maize
1239
1242
1225
1231
-0.32
16780
Barley
1245
1245
1231.5
1234
-0.88
10240
Chana
4321
4339
4264
4305
-0.53
169220
Kapas
923
926
915
919
-0.38
2960
16210
16230
16100
16150
-0.37
4958
Mentha Oil
1059.9
1066.5
1048.1
1061.5
0.35
7517
Soya Bean
3640
3664
3532
3552
-2.04
57990
Ref.soya oil
585.5
586.65
583.1
583.9
-0.18
213030
Cpo
446.3
448
445.5
447
0.07
4601
Rmseed
4282
4297
4205
4219
-1.45
62790
Castorseed
4110
4110
4053
4082
-0.24
106090
Cereals
Others
Cotton
The entire spices counter on the
NCDEX yesterday ended with losses.
Jeera prices ended with more than one
and half percent losses followed more
than one percent losses in turmeric
prices and around half percent losses
witnessed in dhaniya prices. Turmeric
prices ended with losses on sluggish
demand from retailers and stockists
against adequate stocks position.
Jeera prices ended with losses on late
profit booking after prices seen
supported
earlier
as
there
is
expectation of revival of export
demand.
DAILY MARKET LEVEL
COMMODITIES
CARDAMOM
WHEAT
MENTHA OIL
CHANA
TURMERIC
JEERA
SOYABEAN
R.SOYA OIL
CLOSE
825.2
1541
1061.5
4305
7220
16010
3552
583.9
852.4
1573
1087.7
4417
7476
16810
3766
591.0
845.3
1558
1077.1
4378
7418
16610
3715
589.0
835.2
1549
1069.3
4342
7318
16310
3634
587.0
828.1
1534
1058.7
4303
7260
16110
3583
585.0
818.0
1525
1050.9
4267
7160
15810
3502
583.0
810.9
1510
1040.3
4228
7102
15610
3451
581.0
800.8
1501
1032.5
4192
7002
15310
3370
579.0
OI
720
14240
7517
169220
16815
16188
57990
213030
OI (%)
-10.78
38.52
2.37
0.29
4.09
4.53
-1.96
-2.23
RESISTANCE
P. POINT
SUPPORT
SPOT MARKETS UPDATE
CORIANDER
SUGAR
SOYABEAN
CHANA
TURMERIC
JEERA
R.SOYA OIL
WHEAT
RM SEED
COTTON
11983
2198
3552
4305
7220
16010
583.9
1541
4219
16150
-0.64
0.41
-2.04
-0.53
-1.45
-1.96
-0.18
1.31
-1.45
-0.37
SOYABEAN
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
3640
3664
3532
3552
-2.04
-74.00
57990
136860
MARKET MOVER
Soyabean trading range for the day is 3451-3715.
Soyabean prices ended with losses led by higher supplies in
the market.
USDA forecast smaller-than-expected supplies at the beginning
of this month, estimating inventories on June 1 at 625 million
bushels.
Soybean planted area for 2015 is estimated at a record high
85.1 million acres, up 2 percent from last year.
At the Indore spot market in top producer MP, soybean
dropped -2 rupee to 3593 rupee per 100 kgs.
SELL SOYABEAN AUG @ 3580 SL 3620 TGT 3530-34803420.NCDEX
MARKET COMMENTARY
Soyabean settled down -2.04% at 3552 led by higher supplies in the market. The United States Department of Agriculture (USDA) forecast smallerthan-expected supplies at the beginning of this month, estimating inventories on June 1 at 625 million bushels compared to expectation of 674
million bushels. The USDA estimated farmers will plant 85.139 million acres of soybeans this year, compared to consensus expectation of 85.187
million acres area. Soybean planted area for 2015 is estimated at a record high 85.1 million acres, up 2 percent from last year. Area for harvest, at
84.4 million acres, is also up 2 percent from 2014 and will be record high, if realized. Record high planted acreage is estimated in Kentucky,
Minnesota, Ohio, Pennsylvania, and Wisconsin. Timely arrival of the South-West monsoon in the key soyabean growing regions of central India has
boosted planting of the oilseed with acreage estimated at 96 lakh hectares as on now. “According to the information gathered from various sources
such as farmers and traders the sowing of soyabean has been completed on 96 lakh hectares as on June 28,” said the Soyabean Processors
Association of India (SOPA). Technically market is under long liquidation as market has witnessed drop in open interest by -1.96% to settled at
57990 while prices down -74 rupee, now Soyabean is getting support at 3501 and below same could see a test of 3451 level, And resistance is now
likely to be seen at 3633, a move above could see prices testing 3715.
RM Seed
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
4282
4297
4205
4219
-1.45
-62.00
62790
63060
MARKET MOVER
Rmseed trading range for the day is 4148-4332.
Mustard seed prices ended with losses tracking weakness in
spot demand amid weak export demand.
Rapeseed meal exports from India dropped 44.86% on year to
69,398 tons in April on weak demand from South Korea, Iran
and Thailand.
NCDEX accredited warehouses mustard seed stocks gained by
49 tonnes to 63850 tonnes.
In the Alwar spot market in Rajasthan the price remains
unchanged at0 rupee to 4321.55 rupees per 100kgs.
SELL RMSEED AUG @ 4230 SL 4260 TGT 4190-4150.NCDEX
MARKET COMMENTARY
Rmseed settled down -1.45% at 4219 tracking weakness in spot demand amid weak export demand. Prices of the seeds will be under pressure on
subdued export demand for the rape seed meal. Rapeseed meal exports from India dropped 44.86% on year to 69,398 tons in April on weak
demand from South Korea, Iran and Thailand, data released from Solvent Extractors Association of India (SEA) showed. Sources have reported that
around 17.77 lakh hectare (lh) mustard crop has been damaged in the Rajasthan, Haryana and Uttar Pradesh, which contribute nearly 25 % of the
area planted in 2014-15. Domestic production for the same period is projected at 5.74 mt, down 12% on lower area according to Solvent Extractors'
Association of India (SEA). The acreage in the country for year 2014-15 season is down by about 3.2% at about 63.8 lakh hectares (lh). This would
imply that the old season inventory currently remains lower versus last year same period. Mustard production in Gujarat may tumble 37% to 3.06
lakh tons during 2014‐15 against 4.86 lakh tons a year ago, according to third advance estimates released by state agriculture department. The
department has projected output at 3.28 lakh tons in second advance estimate. Technically market is under fresh selling as market has witnessed
gain in open interest by 5.48% to settled at 62790 while prices down -62 rupee, now Rmseed is getting support at 4184 and below same could see a
test of 4148 level, And resistance is now likely to be seen at 4276, a move above could see prices testing 4332.
MENTHA OIL
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
1059.9
1066.5
1048.1
1061.5
0.35
3.70
7517
5075
MARKET MOVER
Menthaoil trading range for the day is 1040.3-1077.1.
Menthaoil spot is at 1145/-. Spot market is up by Rs.17/-.
Mentha oil prices ended with gains as reports of lower
production this season supported prices.
Though, falling demand from consuming industries in the spot
market against sufficient stocks, capped some gains.
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 JULY ABV 1065 SL BELOW 1048 TGT 10741085-1098. MCX
MARKET COMMENTARY
Menthaoil settled up 0.35% at 1061.5 as reports of lower production this season supported prices. Though, falling demand from consuming
industries in the spot market against sufficient stocks, capped some gains. Farmers are preparing field for new crop in major regions of Uttar
Pradesh, Bihar and Haryana. As per sources, this year Mentha acreage is likely to down by around 10-15% from last year in Uttar Pradesh. 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. Acreage is
expected to fall by 20 per cent this year, to 17,500 hectare on the back of a large carry-over stock from last year. At Barabanki market total arrivals
are at 400 Drums(1-drum-180kg), steady as against previous day’s arrival. At Chandausi market total arrivals are at 35 Drums(1-drum-180kg),
lower by 15 Drums(1-drum-180kg) as against previous day. At Sambhal market total arrivals are at 80 Drums(1-drum=180kg), down by 20
Drums(1-drum=180kg) as against previous day. At Bareilly market total arrivals are at 5 Drums(1-drum-180kg), up by 3 Drums(1-drum-180kg) as
against previous day. Technically market is under fresh buying as market has witnessed gain in open interest by 2.37% to settled at 7517 while
prices up 3.7 rupee, now Menthaoil is getting support at 1050.9 and below same could see a test of 1040.3 level, And resistance is now likely to be
seen at 1069.3, a move above could see prices testing 1077.1.
CHANA
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
4321
4339
4264
4305
-0.53
-23.00
169220
155220
MARKET MOVER
Chana trading range for the day is 4228-4378.
Chana prices ended with losses on account of fall in demand in
the spot market against higher supplies from the major
producing belts.
The area under Kharif Pulses has risen to 11.04 lakh ha as of
now June vs 6.14 lakh ha same period last year.
NCDEX accredited warehouses chana stocks gained by 30
tonnes to 141305 tonnes.
In Delhi spot market, chana dropped by -26.45 rupee to end
at 4373.55 rupee per 100 kgs.
SELL CHANA AUG BELOW 4320 SL ABV 4360 TGT 4280-4240.
NCDEX (STBT)
MARKET COMMENTARY
Chana settled down -0.53% at 4305 on account of fall in demand in the spot market against higher supplies from the major producing belts.
However, reports of Monsoon likely to weaken in July, capped some losses. As per latest Govt reports, the area under Kharif Pulses has risen to
11.04 lakh ha as of now June vs 6.14 lakh ha same period last year. Above normal rains in Central and South India have improved sowing for
Pulses, keeping prices down. Rajasthan Govt relaxed imposing stock limit on Pulses w.e.f. 15th July to 30th Nov, the limit for wholesalers: 2500 Q
for 45 days and for retailers: 400 Q. Chana withstood a government's move to import pulses to augment local supplies of the nutrient and curb
prices on speculation that a less than average monsoon rainfall will hit local output and demand will outpace the available stock. India's 2014-15
total chana output is at 7.59 million tons as compared to 9.93 million tons a year ago due to lower sowing and untimely rains. Domestic chana
prices rose to Rs 4,885 per quintal due to lower output estimates. India will be importing pulses between six to seven million tons at very high prices
resulting unprecedented hike in the market if adequate precautionary measures are not taken timely. Technically market is under fresh selling as
market has witnessed gain in open interest by 0.29% to settled at 169220 while prices down -23 rupee, now Chana is getting support at 4266 and
below same could see a test of 4228 level, And resistance is now likely to be seen at 4341, a move above could see prices testing 4378.
TURMERIC
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
7360
7360
7202
7220
-1.45
-106.00
16815
8460
MARKET MOVER
Turmeric trading range for the day is 7102-7418.
Turmeric prices ended with losses on sluggish demand from
retailers and stockists against adequate stocks position.
Sources are expecting the total production in the range of 5052 lakh bags in the current year, down 20 lakh bags from the
last year.
NCDEX accredited warehouses turmeric stocks gained by 50
tonnes to 14479 tonnes.
In Nizamabad, a major spot market in AP, the price ended at
7276.3 rupees dropped -13.7 rupees.
SELL TURMERIC AUG @ 7250 SL 7400 TGT 7100-6980.NCDEX
MARKET COMMENTARY
Turmeric settled down -1.45% at 7220 on sluggish demand from retailers and stockists against adequate stocks position. Sources are expecting the total
production in the range of 50-52 lakh bags in the current year, down 20 lakh bags from the last year in the same period. Sources also stated that around
75lakh bags of total stocks have been reported in local mandies. At Erode market arrivals were reported at 3000 quintals, up by 1000 quintals from previous
day’s arrivals. At Nizamabad market total arrivals are at 1500 quintals, unchanged as compared to previous day’s arrival. At Sangli market total arrivals are at
1200 quintals, higher by 400 quintals from previous trading day. There are also reports of stockists reportedly holding on to the stocks in anticipation of a
recovery in price. Agriculture Department estimates put turmeric production this year at around 3.7 million bags compared with 5.2 million bags a year ago.
As per the Spice Board of India, turmeric exports rose 8% in 2014-15. In the early nine months of the fiscal year India exported 65,000 tons of turmeric
against 60,000 tons in the corresponding period a year ago while its target is 80,000 tons. Technically market is under fresh selling as market has witnessed
gain in open interest by 4.09% to settled at 16815 while prices down -106 rupee, now Turmeric is getting support at 7161 and below same could see a test of
7103 level, And resistance is now likely to be seen at 7319, a move above could see prices testing 7419.
JEERA
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
16280
16410
15910
16010
-1.96
-320.00
16188
7254
MARKET MOVER
Jeera trading range for the day is 15610-16610.
Jeera prices ended with losses on late profit booking after
prices seen supported earlier as there is expectation of revival
of export demand.
According to latest spice board press release, cumin export is
stood at 155,500 tonnes for 2014-15 period.
NCDEX accredited warehouses jeera stocks gained by 195
tonnes to 20371 tonnes.
In Unjha, a key spot market in Gujarat, jeera edged up by
69.25 rupees to end at 16869.25 rupee per 100 kg.
SELL JEERA AUG @ 16150 SL 16350 TGT 15980-15800.NCDEX
MARKET COMMENTARY
Jeera settled down -1.96% at 16010 on late profit booking after prices seen supported earlier as there is expectation of revival of export demand.
Tight arrivals in major trading centres have kept Jeera buoyant in local mandies. Production and Exports As per third advance estimate of Gujarat
State, production is expected at 1.58 lakh tonnes in 2014-15 which is 54.3 per cent lower compared to last years’ production of 3.46 lakh tonnes.
According to Gujarat government data released on 19th Jan 15, Jeera recorded 2.64 lakh hac, 42% less sowing compared to last year’s 4.54 lakh
hac. There is concern over production due to untimely rainfall in March in Gujarat and Rajasthan. As per Government data, 2.41 lakh hectare of
cumin crop is damaged in Rajasthan. According to latest spice board press release, cumin export is stood at 155,500 tonnes for 2014-15 period and
earned foreign exchange worth Rs 1,838.20 crore while in 2013-14, the figures stood at 121,500 tonnes valued at Rs 1,600 crore. Export orders are
diverted to India due to Geo-political tensions in Syria and Turkey. As per Government data, 2.41 lakh hectare of cumin crop is damaged in
Rajasthan. Harvesting has been affected on late rains in Rajasthan and overall output could suffer. Technically market is under fresh selling as
market has witnessed gain in open interest by 4.53% to settled at 16188 while prices down -320 rupee, now Jeera is getting support at 15810 and
below same could see a test of 15610 level, And resistance is now likely to be seen at 16310, a move above could see prices testing 16610.
CASTORSEED
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
4110
4110
4053
4082
-0.24
-10.00
106090
VOLUME
28800
SUP-3
3997
SUP-2
4025
SUP-1
4054
P.P.
4082
RES-1
4111
RES-2
4139
RES-3
4168
OI (%)
1.67
MARKET COMMENTARY
Castorseed settled down -0.24% at 4082,
technically market is under fresh selling as market
has witnessed gain in open interest by 1.67% to
settled at 106090 while prices down -10 rupee, now
Castorseed is getting support at 4054 and below
same could see a test of 4025 level, And resistance
is now likely to be seen at 4111, a move above
could see prices testing 4139.
Castorseed trading range for the day is 4025-4139.
BUY CASTORSEED JUNE @ 3160 SL 3135 TGT 3185-3210.NCDEX
The spot prices of castorseed in Disa mandi dropped -17.1 rupee to 4007.9 rupees per kg.
MAIZERABI
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
1239
1242
1225
1231
-0.32
-4.00
16780
VOLUME
2330
SUP-3
SUP-2
SUP-1
P.P.
RES-1
RES-2
RES-3
OI (%)
1207
1216
1224
1233
1241
1250
1258
0.30
MARKET MOVER
Maize trading range for the day is 1216-1250.
Maize dropped on profit booking after supported by overseas
prices as adverse weather in the parts of the U.S. Midwest and
Western Europe threatened crops.
The latest production estimate for the total maize harvest this
season in South Africa which was release last week is 9,755
million tons.
NCDEX accredited warehouses maize stocks gained by 511
tonnes to 16975 tonnes.
In Nizamabad maize prices dropped -4.6 rupee to end at 1325
rupees per 100 kg.
SELL MAIZE AUG @ 1240 SL 1265 TGT 1220-1200.NCDEX
MARKET COMMENTARY
Maize settled down -0.32% at 1231 on profit booking after supported by overseas prices as adverse weather in the parts of the U.S.
Midwest and Western Europe threatened crops. The latest production estimate for the total maize harvest this season in South Africa
which was release last week is 9,755 million tons with an average yield of 3,7 tons per hectare. The total harvest last year was 14,25
million tons with an average yield of 5,3 tons per hectare. Sowing area of summer maize and summer coarse cereals have respectively
increased to 2.72 lakh hectare and 6.30 lakh hectare compared to 1.97 lakh hectare and 5.59 lakh hectare in previous year. Similarly,
sowing area of summer maize and summer coarse cereals have respectively increased to 2.72 lakh hectare and 6.30 lakh hectare
compared to 1.97 lakh hectare and 5.59 lakh hectare in previous year. At Naugachia market in Bihar estimated market supply was at 3333
Quintal, unchanged as compared to previous day’s arrival. At Nizamabad market in Andhra Pradesh estimated market supply was at 400
Qtl, unchanged as compared to previous day’s arrival. At Khanna market in Punjab total arrivals are at 1950 Quintal, steady as against
previous day’s arrival. At New Delhi market estimated market supply was at 500 quintals, down by 200 quintals from previous day’s
arrivals. At Davanagere market total arrivals are at 1000 Bags, steady as against previous day’s arrival. Technically market is under fresh
selling as market has witnessed gain in open interest by 0.3% to settled at 16780 while prices down -4 rupee, now Maize is getting support
at 1223 and below same could see a test of 1216 level, And resistance is now likely to be seen at 1240, a move above could see prices
testing 1250.
MONTH
OPEN
HIGH
LOW
CLOSE
OPEN INT
CHANGE
IN RS.
CHANGE
IN %
VOLUME
OI (%)
824
-10.78
OTHER COMMODITY ITEMS TRADING LEVEL
MCX CARDAMOM
Jul 2015
INTRA-DAY
LEVEL FOR
Jul 2015
MONTH
829.0
Support
Resistance
838.2
821.0
825.2
Sup-1
Sup-2
Sup-3
818
811
801
Res-1
Res-2
Res-3
835
845
852
586.7
583.1
583.9
Sup-1
Sup-2
Sup-3
583
581
579
Res-1
Res-2
Res-3
587
589
591
448.0
445.5
447.0
Sup-1
Sup-2
Sup-3
445.6
444.3
443.1
Res-1
Res-2
Res-3
448.1
449.3
450.6
1245.0
1231.5
1234.0
Sup-1
Sup-2
Sup-3
1229
1223
1215
Res-1
Res-2
Res-3
1243
1251
1257
4297
4205
4219
Sup-1
Sup-2
Sup-3
4183
4148
4091
Res-1
Res-2
Res-3
4275
4332
4367
3664.0
3532.0
3552.0
Sup-1
Sup-2
Sup-3
3502.0
3451.0
3370.0
Res-1
Res-2
Res-3
3634.0
3715.0
3766.0
1543
1519
1541
Sup-1
Sup-2
Sup-3
1525
1510
1501
Res-1
Res-2
Res-3
1549
1558
1573
2203
2187
2198
Sup-1
Sup-2
Sup-3
2189
2180
2173
Res-1
Res-2
Res-3
2205
2212
2221
720
-1.7
-0.21
P.POINT
Weak
828
NCDEX REF.SOYA OIL
Aug 2015
INTRA-DAY
LEVEL FOR
Aug 2015
MONTH
585.5
Support
Resistance
213030
-1.05
-0.18
47985
-2.23
P.POINT
Weak
585
MCX CRUDE PALM OIL
Jul 2015
INTRA-DAY
LEVEL FOR
Jul 2015
MONTH
446.3
Support
Resistance
4601
0.3
0.07
815
-4.88
P.POINT
Positive
446.8
NCDEX BARLEY
Aug 2015
INTRA-DAY
LEVEL FOR
Aug 2015
MONTH
1245.0
Support
Resistance
10240
-11
-0.88
2550
4.7
P.POINT
Weak
1237
NCDEX RMSEED
Aug 2015
INTRA-DAY
LEVEL FOR
Aug 2015
MONTH
4282
Support
Resistance
62790
-62
-1.45
63060
5.48
P.POINT
Weak
4240
NCDEX SOYABEAN
Aug 2015
INTRA-DAY
LEVEL FOR
Aug 2015
MONTH
3640.0
Support
Resistance
57990
-74
-2.04
136860
-1.96
P.POINT
Weak
3583.0
NCDEX WHEAT
Aug 2015
INTRA-DAY
LEVEL FOR
Aug 2015
MONTH
1519
Support
Resistance
14240
20
1.31
8470
38.52
P.POINT
Positive
1534
NCDEX SUGARM
Oct 2015
INTRA-DAY
LEVEL FOR
Oct 2015
MONTH
2188
Support
Resistance
39760
9
0.41
3540
P.POINT
Positive
2196
NCDEX REF.SOYA OIL JUNE
-1.85
SPREAD UPDATE
DAILY SPREAD IN MENTHA OIL - MCX
MONTH
RATE
Jul 2015
1061.5
Aug 2015
1077.4
Sep 2015
1091.8
Jul 2015
DAILY SPREAD IN SOYABEAN - NCDEX
Aug 2015
Sep 2015
MONTH
RATE
15.9
30
Aug 2015
3552
14.4
Oct 2015
3329
Nov 2015
3309
Aug 2015
Oct 2015
Nov 2015
-223
-243
-20
Spread between Menthaoil JUL & AUG contracts yesterday ended Spread between Soyabean AUG & OCT contracts yesterday
at Rs.15.9, we have seen yesterday Menthaoil future had traded ended at Rs.-223, we have seen yesterday Soyabean future had
in a positive zone and settled 0.35% up.
traded in a negative zone and settled -2.04% down.
DAILY SPREAD IN CPO - MCX
MONTH
RATE
Jul 2015
447
Aug 2015
447
Sep 2015
447
Jul 2015
DAILY SPREAD IN CHANA - NCDEX
Aug 2015
Sep 2015
MONTH
RATE
0
0
Aug 2015
4305
0
Sep 2015
4395
Oct 2015
4476
Aug 2015
Sep 2015
Oct 2015
90
171
81
Spread between CPO JUL & AUG contracts yesterday ended at Spread between Chana AUG & SEP contracts yesterday ended at
Rs.0, we have seen yesterday CPO future had traded in a positive Rs.90, we have seen yesterday Chana future had traded in a
zone and settled 0.07% up.
negative zone and settled -0.53% down.
DAILY SPREAD IN JEERA - NCDEX
MONTH
RATE
Aug 2015
16010
Sep 2015
16385
Oct 2015
16845
Aug 2015
DAILY SPREAD IN TURMERIC - NCDEX
Sep 2015
Oct 2015
MONTH
RATE
375
835
Aug 2015
7220
460
Sep 2015
7306
Oct 2015
7476
Aug 2015
Sep 2015
86
Oct 2015
256
170
Spread between Jeera AUG & SEP contracts yesterday ended at Spread between Turmeric AUG & SEP contracts yesterday ended
Rs.375, we have seen yesterday Jeera future had traded in a at Rs.86, we have seen yesterday Turmeric future had traded in
negative zone and settled -1.96% down.
a negative zone and settled -1.45% down.
DAILY SPREAD IN CARDAMOM - MCX
MONTH
RATE
Jul 2015
825.2
Aug 2015
821.6
Sep 2015
804.5
Jul 2015
DAILY SPREAD IN REF.SOYA - NCDEX
Aug 2015
Sep 2015
MONTH
RATE
-3.6
-21
Aug 2015
583.9
-17.1
Oct 2015
569.55
Nov 2015
566.45
Aug 2015
Oct 2015
-14.35
Nov 2015
-17
-3.1
Spread between Cardamom JUL & AUG contracts yesterday Spread between Ref.Soyaoil AUG & OCT contracts yesterday
ended at Rs.-3.6, we have seen yesterday Cardamom future had ended at Rs.-14.35, we have seen yesterday Ref.Soyaoil future
traded in a negative zone and settled -0.21% down.
had traded in a negative zone and settled -0.18% down.
NEWS YOU CAN USE
The Cabinet Committee on Economic Affairs (CCEA) may consider a proposal to extend by one year the ban on hoarding of onions
beyond a prescribed limit. The validity of the order, that empowers states to impose stock limits on traders for holding onion and
ban hoarding beyond the set limit, expires on July 2. ‘The CCEA meeting is scheduled for tomorrow. A proposal related to stock
holding limit order on onion is on the agenda for discussion,’ according to sources. In the Cabinet note, the consumer affairs
ministry has sought extension of the order by another year in view of increase in onion prices due to short supply. The proposal
aims to enable state governments take effective de-hoarding measures under the Essential Commodities Act (ECA), 1955 and help
tackle the problem of rising prices and improve the availability of onion for general public. Last year, both onions and potatoes
were brought under the purview of the ECA and gave powers to state governments to impose upper limit for holding the stock of
these two items by traders and ban hoarding beyond the set ceiling for an year. Other commodities that come under the ambit of
stock holding limits order are pulses, edible oils, oilseeds, rice and paddy.
Timely arrival of the South-West monsoon in the key soyabean growing regions of central India has boosted planting of the oilseed
with acreage estimated at 96 lakh hectares as on now. “According to the information gathered from various sources such as
farmers and traders the sowing of soyabean has been completed on 96 lakh hectares as on June 28,” said the Soyabean Processors
Association of India (SOPA), the apex industry body in a statement. Madhya Pradesh, the largest producer of the oilseed, leads the
acreage presently estimated at 54 lakh hectares (lh), followed by Maharashtra at 28 lh, Rajasthan at 6 lh and other States at 8 lh.
“We expect the area this year will be 7-10 per cent higher than last year,” SOPA said estimating that acreage could touch 118 lakh
hectares. SOPA officials said the germination of the planted soyabean has been good and that farmers are switching over from
crops such as cotton and paddy to the oilseed due to the timely arrival of the rains. Also, there is a preference for early maturing
varieties such as 9560 – an 85-day crop. SOPA expects acreage to touch 60 lh in Madhya Pradesh, 38 lh in Maharashtra, 10 lh in
Rajasthan and another 10 lh in other States including Karnataka, Andhra Pradesh and Gujarat. According to Skymet, a private
forecaster, the monsoon will be slightly weak in Madhya Pradesh and Maharashtra from July 2-6 and light rains are expected on
July 6 and 7. It will revive thereafter and there will be rainfall on July 13 and 14 and again between July 20 and 22. This is
favourable for soyabean crop, SOPA added.
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