capitalheight
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06-01-2011
In this thread we will provide Daily overview of NCDEX or Agri Market.
In this thread we will provide Daily overview of NCDEX or Agri Market.
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Market Wrap For Daily Agri Commodity
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MARKET WRAP FOR AGRI COMMODITY :- 06-01-2011
Turmeric futures edged lower due to slow down in demand. Since the buyers and stockiest are waiting for the new crop arrival. But existing low demand and fall in prices cast doubt about farmers bringing the new crop. Jeera cultivation is expected to decline in major places like Gujarat since farmers shifting to wheat and pulses cultivation due to higher water availability. More participation in Pepper is expected from the second week of January. The domestic demand of cardamom is expected increase on wedding season consumption. The retailers and millers are actively buying across the spot markets ahead of marriage season. Imports from Australia and Canada are lower extending support for the prices to gain. The mustard seed futures are expected to trade lower on extended selling pressure. Weakness in soy market is likely to weigh on the market. Domestic traders are likely to sell Soybean futures anticipating shrink in demand for soybean from crushers. Weakness in overseas market on improved weather condition in Argentina is likely to have a bearish impact on Indian market.
- Turmeric drops on profit booking
- Pepper gains on short covering
- Indian rupee weakens on strong Dollar
- Soya-oil tumbles on weak global cues
- Mustard seed weakens on short selling
- Chana declines on profit booking
- Mentha oil falls on subdued demand
Turmeric futures edged lower due to slow down in demand. Since the buyers and stockiest are waiting for the new crop arrival. But existing low demand and fall in prices cast doubt about farmers bringing the new crop. Jeera cultivation is expected to decline in major places like Gujarat since farmers shifting to wheat and pulses cultivation due to higher water availability. More participation in Pepper is expected from the second week of January. The domestic demand of cardamom is expected increase on wedding season consumption. The retailers and millers are actively buying across the spot markets ahead of marriage season. Imports from Australia and Canada are lower extending support for the prices to gain. The mustard seed futures are expected to trade lower on extended selling pressure. Weakness in soy market is likely to weigh on the market. Domestic traders are likely to sell Soybean futures anticipating shrink in demand for soybean from crushers. Weakness in overseas market on improved weather condition in Argentina is likely to have a bearish impact on Indian market.
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MARKET WRAP FOR AGRI COMMODITY :- 07-01-2011
Traders are reportedly waiting for new Turmeric crop arrivals to initiate fresh demand. Demand for Jeera from US and European countries are likely to shift towards India in coming weeks due to low stocks in the International markets. Export demand from South-East Asian countries is there. Tight supply position in Pepper against strong demand is prevailing in the global market and the prices are likely to remain firm until the fresh arrivals from major producing nations Vietnam and India are floated into the world markets. The buying from the guar gum manufacturers for their already signed consignments has come to an end. Adequate stocks following increased arrivals from the producing regions dampened the sentiment in Cardamom prices. Soybean crushing in India is going on with full speed and the availability of soy oil is not a problem in the domestic physical markets. International market sentiments were weak due to improved weather conditions in Argentina’s soybean growing areas.
- Turmeric drops on profit booking
- Pepper falls on poor exports
- Jeera remain steady
- Cardamom declines on short selling
- Soy oil jumps on short covering
- Guar up on falling arrivals
- Mentha oil up on short covering
- Mustard Seed tumbles on selling pressure
Traders are reportedly waiting for new Turmeric crop arrivals to initiate fresh demand. Demand for Jeera from US and European countries are likely to shift towards India in coming weeks due to low stocks in the International markets. Export demand from South-East Asian countries is there. Tight supply position in Pepper against strong demand is prevailing in the global market and the prices are likely to remain firm until the fresh arrivals from major producing nations Vietnam and India are floated into the world markets. The buying from the guar gum manufacturers for their already signed consignments has come to an end. Adequate stocks following increased arrivals from the producing regions dampened the sentiment in Cardamom prices. Soybean crushing in India is going on with full speed and the availability of soy oil is not a problem in the domestic physical markets. International market sentiments were weak due to improved weather conditions in Argentina’s soybean growing areas.
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MARKET WRAP FOR AGRI COMMODITY :- 08-01-2011
Turmeric prices in short term will depend on demand from the domestic and overseas buyers and growth of sown crop. Demand for Jeera from US and European countries are likely to shift towards India in coming weeks due to low stocks in the International markets. Export demand from South-East Asian countries is there. Any revival in demand of Pepper from the domestic stockists will however, provide support to the prices in the short term as the harvesting in Kerala is delayed. The guar gum buyers have already stocked enough to fulfill their export consignments, new export consignments shall also be backed off from registering at this higher price levels. The trend reversal can be seen if the prices cool off a bit. Chana prices may trade range bound with negative bias due to dull demand from the domestic buyers. Price gains may be capped on positive reports of sowing and rising arrivals of Kharif pulses. Mustard seed prices are expected to trade slightly lower due to higher production estimates of RM Seed amid favorable weather conditions.
- Turmeric drops on profit booking
- Pepper falls on sluggish exports; seen weak
- Jeera slips at end on poor exports
- Cardamom gains on short covering
- Soy oil tumbles on weak global cues
- guar falls on output view
- Mentha oil up on short covering
Turmeric prices in short term will depend on demand from the domestic and overseas buyers and growth of sown crop. Demand for Jeera from US and European countries are likely to shift towards India in coming weeks due to low stocks in the International markets. Export demand from South-East Asian countries is there. Any revival in demand of Pepper from the domestic stockists will however, provide support to the prices in the short term as the harvesting in Kerala is delayed. The guar gum buyers have already stocked enough to fulfill their export consignments, new export consignments shall also be backed off from registering at this higher price levels. The trend reversal can be seen if the prices cool off a bit. Chana prices may trade range bound with negative bias due to dull demand from the domestic buyers. Price gains may be capped on positive reports of sowing and rising arrivals of Kharif pulses. Mustard seed prices are expected to trade slightly lower due to higher production estimates of RM Seed amid favorable weather conditions.
capitalheight
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10-01-2011
MARKET WRAP FOR AGRI COMMODITY
Turmeric prices in short term will depend on demand from the domestic and overseas buyers and growth of sown crop. Trend will depend on Jeera price parity of various origins in international market and stocks of Jeera with local stockists. Pepper prices will depend on global black pepper availability and demand from the overseas and domestic market. The guar gum buyers have already stocked enough to fulfill their export consignments, new export consignments shall also be backed off from registering at this higher price levels. The trend reversal can be seen if the prices cool off a bit. In the short to medium term (1-2 week), Chana price gains may be capped on positive reports of sowing and fresh arrivals from Karnataka. Mustard seed prices are expected to trade lower due to higher production estimates of RM Seed amid favorable weather conditions. Huge losses in overseas market are also in favor of bears. Prices of Soy oil are expected to move northwards due to global shortage of vegetable oil couple with strong demand of edible oils.
MARKET WRAP FOR AGRI COMMODITY
- Turmeric up on short covering
- Pepper falls on sluggish exports; seen weak
- Jeera remains steady
- Cardamom gains on short covering
- Soy oil climb tailing overseas markets
- Guar up on strong fundamentals
- Mentha oil up on short covering
Turmeric prices in short term will depend on demand from the domestic and overseas buyers and growth of sown crop. Trend will depend on Jeera price parity of various origins in international market and stocks of Jeera with local stockists. Pepper prices will depend on global black pepper availability and demand from the overseas and domestic market. The guar gum buyers have already stocked enough to fulfill their export consignments, new export consignments shall also be backed off from registering at this higher price levels. The trend reversal can be seen if the prices cool off a bit. In the short to medium term (1-2 week), Chana price gains may be capped on positive reports of sowing and fresh arrivals from Karnataka. Mustard seed prices are expected to trade lower due to higher production estimates of RM Seed amid favorable weather conditions. Huge losses in overseas market are also in favor of bears. Prices of Soy oil are expected to move northwards due to global shortage of vegetable oil couple with strong demand of edible oils.
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MARKET WRAP FOR AGRI COMMODITY :- 11-01-2011
Turmeric prices in short term will depend on demand from the domestic and overseas buyers and growth of sown crop. The short term trend is likely to remain slight weak if weather conditions remain good in the growing areas. Pepper harvest is in upswing and new material is expected to arrive into market soon. Prices of varies varieties gained during the last week. The demand could pick up in the coming weeks as the present levels are low and that could support the prices in the near term. But till that time some more corrections in rates could not be ruled out. Mustard seed prices are expected to trade lower due to higher production estimates of RM Seed amid favorable weather conditions. Huge losses in overseas market are also in favor of bears. Prices of Soy oil are expected to move northwards due to global shortage of vegetable oil couple with strong demand of edible oils. Reports of fall in production of Mentha and a rise in demand at lower levels is expected though traders are not ruling out intermittent profit booking at higher levels before demand rises again.
- Turmeric falls on new arrivals
- Pepper continues downtrend on weak exports
- Jeera falls on weak exports
- Oilseeds, Soy oil steady
- Guar zooms on short covering
- Mentha oil move further higher
- Chana tumble on increased arrivals
Turmeric prices in short term will depend on demand from the domestic and overseas buyers and growth of sown crop. The short term trend is likely to remain slight weak if weather conditions remain good in the growing areas. Pepper harvest is in upswing and new material is expected to arrive into market soon. Prices of varies varieties gained during the last week. The demand could pick up in the coming weeks as the present levels are low and that could support the prices in the near term. But till that time some more corrections in rates could not be ruled out. Mustard seed prices are expected to trade lower due to higher production estimates of RM Seed amid favorable weather conditions. Huge losses in overseas market are also in favor of bears. Prices of Soy oil are expected to move northwards due to global shortage of vegetable oil couple with strong demand of edible oils. Reports of fall in production of Mentha and a rise in demand at lower levels is expected though traders are not ruling out intermittent profit booking at higher levels before demand rises again.
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MARKET WRAP FOR AGRI COMMODITY :- 12-01-2011
Turmeric prices in short term will depend on demand from the domestic and overseas buyers and arrivals in the domestic market. In short term Pepper prices will depend on global Black pepper availability and demand from the overseas and domestic market. Trend of Jeera will depend on price parity of various origins in international market and stocks of Jeera with local stockists. Bumper crop expectation of Mustard seed due to higher acreage had a bearish impact on the market. Spot markets witnessed a subdued trading due to severe winter across north India. Prices of Soy oil are expected to move northwards due to global shortage of vegetable oil couple with strong demand of edible oils. Reports of fall in production of Mentha and a rise in demand at lower levels is expected though traders are not ruling out intermittent profit booking at higher levels before demand rises again. The recovery in the weather conditions has led more arrivals of Guar to enter the market. The pressure of the arrivals to remain till the end of this month is likely to keep the market down.
- Turmeric gains on fresh buying
- Pepper up on short covering
- Jeera falls on weak exports
- Soybean, soy oil up on global cues
- Guar edges up on falling arrivals
- Chana remains flat
- Mustard seed down
Turmeric prices in short term will depend on demand from the domestic and overseas buyers and arrivals in the domestic market. In short term Pepper prices will depend on global Black pepper availability and demand from the overseas and domestic market. Trend of Jeera will depend on price parity of various origins in international market and stocks of Jeera with local stockists. Bumper crop expectation of Mustard seed due to higher acreage had a bearish impact on the market. Spot markets witnessed a subdued trading due to severe winter across north India. Prices of Soy oil are expected to move northwards due to global shortage of vegetable oil couple with strong demand of edible oils. Reports of fall in production of Mentha and a rise in demand at lower levels is expected though traders are not ruling out intermittent profit booking at higher levels before demand rises again. The recovery in the weather conditions has led more arrivals of Guar to enter the market. The pressure of the arrivals to remain till the end of this month is likely to keep the market down.
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MARKET WRAP FOR AGRI COMMODITY :- 13-01-2011
Turmeric prices will depend on demand from the domestic and overseas buyers and arrivals in the domestic market. Pepper prices will depend on global availability and demand from the overseas & domestic market. Trend of Jeera will depend on price parity of various origins in international market & stocks of Jeera with local stockists. Good crop expectation of RM seed due to higher acreage had a bearish impact on the market. Spot markets witnessed a subdued trading due to severe winter across north India. Bad weather condition in American countries is likely to worsen world soy supply situation. Depleting stock level of Mentha and robust demand from local traders as well as exporters will give support to the market. The recovery in the weather conditions has led more arrivals of Guar to enter the market. The pressure of the arrivals to remain till the end of this month is likely to keep the market down. The imports of Chana have declined as the quality of produce in Australia is damaged and unfit for consumption. The upside is limited as the demand across the spot markets is lower.
- Turmeric declines on weak exports
- Pepper drops on profit booking
- Jeera falls on weak exports
- Oilseeds, Soy oil fall on global markets
- Guar gains on falling arrivals
- Chana up on local demand
- Soybean declines on profit selling
Turmeric prices will depend on demand from the domestic and overseas buyers and arrivals in the domestic market. Pepper prices will depend on global availability and demand from the overseas & domestic market. Trend of Jeera will depend on price parity of various origins in international market & stocks of Jeera with local stockists. Good crop expectation of RM seed due to higher acreage had a bearish impact on the market. Spot markets witnessed a subdued trading due to severe winter across north India. Bad weather condition in American countries is likely to worsen world soy supply situation. Depleting stock level of Mentha and robust demand from local traders as well as exporters will give support to the market. The recovery in the weather conditions has led more arrivals of Guar to enter the market. The pressure of the arrivals to remain till the end of this month is likely to keep the market down. The imports of Chana have declined as the quality of produce in Australia is damaged and unfit for consumption. The upside is limited as the demand across the spot markets is lower.
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MARKET WRAP FOR AGRI COMMODITY :- 14-01-2011
Turmeric prices will depend on demand from the domestic and overseas buyers and arrivals in the domestic market. Trend of Jeera will depend on price parity of various origins in international market & stocks of Jeera with local stockists. Good crop expectation of RM seed due to higher acreage had a bearish impact on the market. Spot markets witnessed a subdued trading due to severe winter across north India. Indian traders are likely to buy soy oil futures anticipating lower import of soy oil from Argentina due to production shortfall on bad weather condition. Depleting stock level of Mentha and robust demand from local traders as well as exporters will give support to the market. At higher price levels profit booking can be seen on roll over of contracts of Guar as we are approaching January expiry. The rally in the consecutive four days shall prompt profit booking. The imports of Chana have declined as the quality of produce in Australia is damaged and unfit for consumption. The upside is limited as the demand across the spot markets is lower.
- Turmeric declines on weak exports
- Pepper trade down on profit booking
- Jeera continue downtrend on weak demand
- Oilseeds, soy oil seen rising over 2 pct
- Guar falls on profit booking
- Chana eases on profit taking
- Soybean up on U.S market
Turmeric prices will depend on demand from the domestic and overseas buyers and arrivals in the domestic market. Trend of Jeera will depend on price parity of various origins in international market & stocks of Jeera with local stockists. Good crop expectation of RM seed due to higher acreage had a bearish impact on the market. Spot markets witnessed a subdued trading due to severe winter across north India. Indian traders are likely to buy soy oil futures anticipating lower import of soy oil from Argentina due to production shortfall on bad weather condition. Depleting stock level of Mentha and robust demand from local traders as well as exporters will give support to the market. At higher price levels profit booking can be seen on roll over of contracts of Guar as we are approaching January expiry. The rally in the consecutive four days shall prompt profit booking. The imports of Chana have declined as the quality of produce in Australia is damaged and unfit for consumption. The upside is limited as the demand across the spot markets is lower.
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MARKET WRAP FOR AGRI COMMODITY :- 15-01-2011
Turmeric prices will depend on demand from the domestic and overseas buyers and arrivals in the domestic market. Buyers of Jeera are adopting a wait and watch stance, expecting prices to soften further in the near term on the impending arrivals starting next week. Pepper prices will depend on demand from the overseas and domestic market and fresh arrivals pattern in the physical market. Domestic and export demand for soya meal is emerging and leading to price surge. However, rise could be limited tracking weak overseas market. Traders are likely to buy soy oil futures anticipating lower import of soy oil from Argentina due to production shortfall on bad weather condition. Depleting stock level of Mentha and robust demand from local traders as well as exporters will give support to the market. Guar prices are expected to move higher from the current levels as the arrivals will continue to decline with harvests nearing its end, while demand from the overseas market may see an improvement in the coming weeks. The imports of Chana have declined as the quality of produce in Australia is damaged.
- Turmeric inches down
- Pepper trade down on profit booking
- Jeera up on lower level buying
- Soy oil up on low imports
- Guar up more than 2% on firm demand
- Chana hits one month high
- Soybean up on meal exports
Turmeric prices will depend on demand from the domestic and overseas buyers and arrivals in the domestic market. Buyers of Jeera are adopting a wait and watch stance, expecting prices to soften further in the near term on the impending arrivals starting next week. Pepper prices will depend on demand from the overseas and domestic market and fresh arrivals pattern in the physical market. Domestic and export demand for soya meal is emerging and leading to price surge. However, rise could be limited tracking weak overseas market. Traders are likely to buy soy oil futures anticipating lower import of soy oil from Argentina due to production shortfall on bad weather condition. Depleting stock level of Mentha and robust demand from local traders as well as exporters will give support to the market. Guar prices are expected to move higher from the current levels as the arrivals will continue to decline with harvests nearing its end, while demand from the overseas market may see an improvement in the coming weeks. The imports of Chana have declined as the quality of produce in Australia is damaged.
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MARKET WRAP FOR AGRI COMMODITY :- 17-01-2011
Turmeric prices will depend on demand from the domestic and overseas buyers and arrivals in the domestic market. Buyers of Jeera are adopting a wait and watch stance, expecting prices to soften further in the near term on the impending arrivals starting next week. Pepper prices will depend on demand from the overseas and domestic market and fresh arrivals pattern in the physical market. Soybean and Refine soy oil prices are expected to trade slightly higher on account of firm international prices, taking support from the sharp decline in US ending stocks and bullish USDA report. Mustard seed prices is not moving in tandem with soybean futures due to higher production estimates of RM seed this year as compared to last year. Guar prices are expected to move higher from the current levels as the arrivals will continue to decline with harvests nearing its end, while demand from the overseas market may see an improvement in the coming weeks. Weather would be an important factor to be watched for as the final estimates on the Chana crop would mainly depend on the weather conditions.
- Turmeric wipes out early losses on falling stocks
- Pepper falls on sluggish exports
- Jeera ends up on lower level buying
- Soy oil up on low imports
- Chana hits 1- month high
- Soybean up on meal exports
- Mentha oil gains on fresh buying
Turmeric prices will depend on demand from the domestic and overseas buyers and arrivals in the domestic market. Buyers of Jeera are adopting a wait and watch stance, expecting prices to soften further in the near term on the impending arrivals starting next week. Pepper prices will depend on demand from the overseas and domestic market and fresh arrivals pattern in the physical market. Soybean and Refine soy oil prices are expected to trade slightly higher on account of firm international prices, taking support from the sharp decline in US ending stocks and bullish USDA report. Mustard seed prices is not moving in tandem with soybean futures due to higher production estimates of RM seed this year as compared to last year. Guar prices are expected to move higher from the current levels as the arrivals will continue to decline with harvests nearing its end, while demand from the overseas market may see an improvement in the coming weeks. Weather would be an important factor to be watched for as the final estimates on the Chana crop would mainly depend on the weather conditions.
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MARKET WRAP FOR AGRI COMMODITY :- 18-01-2011
Turmeric prices will depend on demand from the domestic and overseas buyers and arrivals in the domestic market. Jeera prices will depend on the demand from the overseas and domestic buyers and growth of the sown Jeera crop particularly in Rajasthan and Gujarat. Pepper prices will depend on demand from the overseas and domestic market and fresh arrivals pattern in the physical market. Soybean prices are expected to trade higher due to bullish USDA’s monthly and supply report as sharp decline in US ending stocks and concern of Argentina’s dry weather. Mustard seed prices are expected to trade range bound with weak sentiments due to better crop of the RM Seed in 2011. Guar prices are expected to move higher from the current levels as the arrivals will continue to decline with harvests nearing its end, while demand from the overseas market may see an improvement in the coming weeks. Weather would be an important factor to be watched for as the final estimates on the Chana crop would mainly depend on the weather conditions during the crop development period.
- Turmeric plunges on production estimates
- Pepper falls on supply view
- Jeera gains on short covering
- Oilseeds, Soy oil rise on demand
- Chana reverses gains
- Mentha surge on firm demand
- Guar hits contract high
Turmeric prices will depend on demand from the domestic and overseas buyers and arrivals in the domestic market. Jeera prices will depend on the demand from the overseas and domestic buyers and growth of the sown Jeera crop particularly in Rajasthan and Gujarat. Pepper prices will depend on demand from the overseas and domestic market and fresh arrivals pattern in the physical market. Soybean prices are expected to trade higher due to bullish USDA’s monthly and supply report as sharp decline in US ending stocks and concern of Argentina’s dry weather. Mustard seed prices are expected to trade range bound with weak sentiments due to better crop of the RM Seed in 2011. Guar prices are expected to move higher from the current levels as the arrivals will continue to decline with harvests nearing its end, while demand from the overseas market may see an improvement in the coming weeks. Weather would be an important factor to be watched for as the final estimates on the Chana crop would mainly depend on the weather conditions during the crop development period.
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MARKET WRAP FOR AGRI COMMODITY :- 20-01-2011
Turmeric prices will depend on demand from the domestic and overseas buyers and arrivals in the domestic market. Despite, lower stocks of Jeera with other producers, buyers in the international market are closely monitoring prices of the Indian market as fresh arrivals will commence from the end of January. Pepper prices will depend on demand from the overseas and domestic market and fresh arrivals pattern in the physical market. Refined soy oil prices are expected to trade range bound amid subdued trading activity on lack of fresh fundamentals. The mustard seed futures are expected to recover from recent losses on short covering and moving in unison with strong soy market. Bullish USDA crop report is likely to render support to the market. However, gains could be limited on bumper crop expectation. Guar price is expected to improve due to increase in the fresh export enquires and trade in the range of Rs. 2600 and Rs. 2750 per quintal levels. Weather would be an important factor to be watched for as the final estimates on the Chana crop would mainly depend on the weather conditions during the crop development period.
- Turmeric up on fresh buying
- Pepper zooms on firm domestic demand
- Jeera gains on firm demand
- Chana continues downtrend on profit booking
- Guar up on demand
- Oilseeds, Soy oil up on world markets & demand
Turmeric prices will depend on demand from the domestic and overseas buyers and arrivals in the domestic market. Despite, lower stocks of Jeera with other producers, buyers in the international market are closely monitoring prices of the Indian market as fresh arrivals will commence from the end of January. Pepper prices will depend on demand from the overseas and domestic market and fresh arrivals pattern in the physical market. Refined soy oil prices are expected to trade range bound amid subdued trading activity on lack of fresh fundamentals. The mustard seed futures are expected to recover from recent losses on short covering and moving in unison with strong soy market. Bullish USDA crop report is likely to render support to the market. However, gains could be limited on bumper crop expectation. Guar price is expected to improve due to increase in the fresh export enquires and trade in the range of Rs. 2600 and Rs. 2750 per quintal levels. Weather would be an important factor to be watched for as the final estimates on the Chana crop would mainly depend on the weather conditions during the crop development period.
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MARKET WRAP FOR DAILY AGRI COMMODITY :- 21-01-2011
Bulk buyers of Turmeric are not interested in buying as of now and they are expecting further decline in prices. Despite, lower stocks of Jeera with other producers, buyers in the international market are closely monitoring prices of the Indian market as fresh arrivals will commence from the end of January. Pepper prices will depend on demand from the overseas and domestic market and fresh arrivals pattern in the physical market. Indian traders are likely to buy futures anticipating lower import of soy oil in the near-term. The mustard seed futures are expected to recover from recent losses on short covering and moving in unison with strong soy market. Bullish USDA crop report is likely to render support to the market. However, gains could be limited on bumper crop expectation. Guar price is expected to improve due to increase in the fresh export enquirers and trade in the range of Rs. 2600 and Rs. 2750 per quintal levels. Weather would be an important factor to be watched for as the final estimates on the Chana crop would mainly depend on the weather conditions during the crop development period. Chana inventory is increasing which is currently around 14260 tons as on 18th January.
- Turmeric up on depleting stocks
- Pepper continues uptrend on fresh buying
- Jeera gains on firm demand
- Chana up on local demand
- Guar gains on export
- Soy oil reverses gains from contract high
Bulk buyers of Turmeric are not interested in buying as of now and they are expecting further decline in prices. Despite, lower stocks of Jeera with other producers, buyers in the international market are closely monitoring prices of the Indian market as fresh arrivals will commence from the end of January. Pepper prices will depend on demand from the overseas and domestic market and fresh arrivals pattern in the physical market. Indian traders are likely to buy futures anticipating lower import of soy oil in the near-term. The mustard seed futures are expected to recover from recent losses on short covering and moving in unison with strong soy market. Bullish USDA crop report is likely to render support to the market. However, gains could be limited on bumper crop expectation. Guar price is expected to improve due to increase in the fresh export enquirers and trade in the range of Rs. 2600 and Rs. 2750 per quintal levels. Weather would be an important factor to be watched for as the final estimates on the Chana crop would mainly depend on the weather conditions during the crop development period. Chana inventory is increasing which is currently around 14260 tons as on 18th January.
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MARKET WRAP FOR DAILY AGRI :- 22-01-2011
Turmeric price trend in the short term are likely to depend on the arrivals and demand from the overseas and domestic buyers. Despite, lower stocks of Jeera with other producers, buyers in the international market are closely monitoring prices of the Indian market as fresh arrivals will commence from the end of January. Indian Pepper prices are now competitive in international market and Vietnam crop is expected to hit the market by mid of March till then India has good export opportunity. Refined soy oil prices are expected to trade slightly higher on firm overseas market as dry weather concern in Argentina and lower production estimates of Malaysian palm oil. Decline in supply of the produce at major spot markets and active buying interest from gum manufacturers is likely to support the Guar prices. Weather would be an important factor to be watched for as the final estimates on the Chana crop would mainly depend on the weather conditions during the crop development period. Cardamom market is attracting late buyers & early shorts; market is vulnerable to a sharp correction but likely that correction will be brought creating a buy point for uptrend.
- Turmeric trades up on fresh buying
- Pepper trade slightly up on domestic demand
- Jeera up on low supply
- Chana futures hit contract high
- Guar futures hit contract high
- Soy bean, soy oil ends higher
Turmeric price trend in the short term are likely to depend on the arrivals and demand from the overseas and domestic buyers. Despite, lower stocks of Jeera with other producers, buyers in the international market are closely monitoring prices of the Indian market as fresh arrivals will commence from the end of January. Indian Pepper prices are now competitive in international market and Vietnam crop is expected to hit the market by mid of March till then India has good export opportunity. Refined soy oil prices are expected to trade slightly higher on firm overseas market as dry weather concern in Argentina and lower production estimates of Malaysian palm oil. Decline in supply of the produce at major spot markets and active buying interest from gum manufacturers is likely to support the Guar prices. Weather would be an important factor to be watched for as the final estimates on the Chana crop would mainly depend on the weather conditions during the crop development period. Cardamom market is attracting late buyers & early shorts; market is vulnerable to a sharp correction but likely that correction will be brought creating a buy point for uptrend.
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MARKET WRAP FOR AGRI COMMODITY :- 24-01-2011
Turmeric price trend in the short term are likely to depend on the arrivals and demand from the overseas and domestic buyers. Despite, lower stocks of Jeera with other producers, buyers in the international market are closely monitoring prices of the Indian market as fresh arrivals will commence from the end of January. Indian Pepper prices are now competitive in international market and Vietnam crop is expected to hit the market by mid of March till then India has good export opportunity. Refined soy oil prices are expected to trade slightly higher on firm overseas market as dry weather concern in Argentina and lower production estimates of Malaysian palm oil. Decline in
supply of the produce at major spot markets and active buying interest from gum manufacturers is likely to support the Guar prices. Weather would be an important factor to be watched for as the final estimates on the Chana crop would mainly depend on the weather conditions during the crop development period. Cardamom market is attracting late buyers & early shorts; market is vulnerable to a sharp correction but likely that correction will be brought creating a buy point for uptrend
- Turmeric trades up on fresh buying
- Pepper trades up on domestic demand
- Jeera up on low supply
- Chana futures hit contract high
- Guar futures hit contract high
- Soy bean ends on mixed trend
Turmeric price trend in the short term are likely to depend on the arrivals and demand from the overseas and domestic buyers. Despite, lower stocks of Jeera with other producers, buyers in the international market are closely monitoring prices of the Indian market as fresh arrivals will commence from the end of January. Indian Pepper prices are now competitive in international market and Vietnam crop is expected to hit the market by mid of March till then India has good export opportunity. Refined soy oil prices are expected to trade slightly higher on firm overseas market as dry weather concern in Argentina and lower production estimates of Malaysian palm oil. Decline in
supply of the produce at major spot markets and active buying interest from gum manufacturers is likely to support the Guar prices. Weather would be an important factor to be watched for as the final estimates on the Chana crop would mainly depend on the weather conditions during the crop development period. Cardamom market is attracting late buyers & early shorts; market is vulnerable to a sharp correction but likely that correction will be brought creating a buy point for uptrend
capitalheight
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25-01-2011
MARKET WRAP FOR AGRI COMMODITY
Bulk buyers are not interested in buying as of now and they are expecting further decline in prices. Despite, lower stocks of Jeera with other producers, buyers in the international market are closely monitoring prices of the Indian market as fresh arrivals will commence from the end of January. Indian Pepper prices are now competitive in international market and Vietnam crop is expected to hit the market by mid of March till then India has good export opportunity. Refined soy oil prices are expected to trade higher on firm overseas market as global shortage of edible oil couple with robust demand.. Decline in supply of the produce at major spot markets and active buying interest from gum manufacturers is likely to support the Guar prices. There are also reports of fresh demand from the domestic stockists since past few days. Weather would be an important factor to be watched for as the final Estimates on the Chana crop would mainly depend on the weather conditions during the crop development period. Cardamom is attracting late buyers & early shorts; market is vulnerable to a sharp correction but likely that correction will be brought creating a buy point for uptrend.
MARKET WRAP FOR AGRI COMMODITY
- Turmeric drops on ample supply
- Pepper rises on firm demand
- Jeera drops on profit taking
- Chana down 1%
- Guar snaps 4-day gaining streak
- Mentha oil surges on fresh buying
Bulk buyers are not interested in buying as of now and they are expecting further decline in prices. Despite, lower stocks of Jeera with other producers, buyers in the international market are closely monitoring prices of the Indian market as fresh arrivals will commence from the end of January. Indian Pepper prices are now competitive in international market and Vietnam crop is expected to hit the market by mid of March till then India has good export opportunity. Refined soy oil prices are expected to trade higher on firm overseas market as global shortage of edible oil couple with robust demand.. Decline in supply of the produce at major spot markets and active buying interest from gum manufacturers is likely to support the Guar prices. There are also reports of fresh demand from the domestic stockists since past few days. Weather would be an important factor to be watched for as the final Estimates on the Chana crop would mainly depend on the weather conditions during the crop development period. Cardamom is attracting late buyers & early shorts; market is vulnerable to a sharp correction but likely that correction will be brought creating a buy point for uptrend.
capitalheight
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MARKET WRAP FOR AGRI COMMODITY :- 27-01-2011
Mentha oil futures are expected to continue to trade range bound while fresh buying from lower levels can be seen. The soybean futures are forecast to trade on a negative note on speculative selling on report of improvement in weather condition in Argentina. Indian soy oil prices are down in line with Malaysian palm and weak trend in overseas market is likely to exert pressure on the market. The pepper futures are expected trade range bound while fresh buying at lower levels may support the prices. Chana prices may trade sideways to down due to profit booking by the market participants and off takes from the domestic stockists may also determine the prices. Turmeric prices are expected to be trade sideways to down due to expected improved arrivals and strong selling interest at futures may pull down the prices. However, prices might witness good recovery on short covering at lower levels. Price trend in the short term is likely to depend on the arrivals and demand from the overseas and domestic buyers.
- Mentha oil rises on short covering
- Soybean drops on profit booking
- Pepper falls on short selling
- Chana drops on sluggish demand
- Guar ends lower on profit booking
- Turmeric plunges on fresh arrivals
Mentha oil futures are expected to continue to trade range bound while fresh buying from lower levels can be seen. The soybean futures are forecast to trade on a negative note on speculative selling on report of improvement in weather condition in Argentina. Indian soy oil prices are down in line with Malaysian palm and weak trend in overseas market is likely to exert pressure on the market. The pepper futures are expected trade range bound while fresh buying at lower levels may support the prices. Chana prices may trade sideways to down due to profit booking by the market participants and off takes from the domestic stockists may also determine the prices. Turmeric prices are expected to be trade sideways to down due to expected improved arrivals and strong selling interest at futures may pull down the prices. However, prices might witness good recovery on short covering at lower levels. Price trend in the short term is likely to depend on the arrivals and demand from the overseas and domestic buyers.
capitalheight
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MARKET WRAP FOR AGRI COMMODITY :- 28-01-2011
The turmeric futures are expected to trade up while fresh buying at lower levels may support the prices. However, overall trend is likely to remain very sluggish due to arrival pressure at spot market. Pepper prices reversed back the direction on heavy selling. Increased arrivals at spot market further added to the down side. Pepper export during April- December was around 14000 tons down by 9% compared to 15425 tons during same period last year. For Chana, improving weather condition across the major producing areas is helping the new sown crop to recover and is exerting pressure on the markets. Minimal buying across the spot markets might keep the market biased towards down side. In Jeera, continued profit booking on previous gains may pressurize the prices. However, lower production forecast and limited stocks might reverse the trend on lower level buying. Jeera production in 2011 is expected to be around 20 Lakh bags (1.10 mt) against 25 Lakh bags (1.37 mt). Extended short selling may pull down the prices. Overall steady spot market activity might weigh on sentiments. However,prices are likely to witness recovery on short covering.
- Turmeric rises on short covering
- Pepper weakens on selling pressure
- Chana weakens on subdued demand
- Jeera weakens on profit booking
- Mentha oil declines on extended buying
- Soybean gains on fresh buying
The turmeric futures are expected to trade up while fresh buying at lower levels may support the prices. However, overall trend is likely to remain very sluggish due to arrival pressure at spot market. Pepper prices reversed back the direction on heavy selling. Increased arrivals at spot market further added to the down side. Pepper export during April- December was around 14000 tons down by 9% compared to 15425 tons during same period last year. For Chana, improving weather condition across the major producing areas is helping the new sown crop to recover and is exerting pressure on the markets. Minimal buying across the spot markets might keep the market biased towards down side. In Jeera, continued profit booking on previous gains may pressurize the prices. However, lower production forecast and limited stocks might reverse the trend on lower level buying. Jeera production in 2011 is expected to be around 20 Lakh bags (1.10 mt) against 25 Lakh bags (1.37 mt). Extended short selling may pull down the prices. Overall steady spot market activity might weigh on sentiments. However,prices are likely to witness recovery on short covering.
capitalheight
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31-01-2011
MARKET WRAP FOR AGRI COMMODITY
Soybean drop in demand for its derivatives led to a sharp decline in the prices. Soy tumbled on fear of government intervention to curtail rising food inflation. Mentha oil prices witnessed small recovery on short covering but failed to sustain the gains; Steady spot market activity in absences of fresh market cues might also weigh on sentiments. Cardamom prices reversed the trend on active selling and remained down and weak demand at spot market may further pressurize the prices. Daily total arrivals of Cardamom at different auctions were decline to 34,164 Kg. Weak demand at spot market may further pressurize the prices. Chana prices are down due to profit booking by the market participants on worries over subdued demand though recovering weather conditions during the last week are likely to help the crop to recover from the damage of the cold wave conditions. Jeera is bearish owing to fresh arrivals in the domestic mandi. Jeera prices will depend on the demand from the overseas and domestic buyers and fresh arrivals in the domestic mandis. Turmeric prices are down due to expected improved arrivals and dull trades at the domestic market.
MARKET WRAP FOR AGRI COMMODITY
- Soybean declines on global cues
- Mentha oil drops on extended selling
- Cardamom trades up on fresh buying
- Chana weakens on sluggish demand
- Jeera weakens on subdued demand
- Turmeric drops on fresh arrivals
Soybean drop in demand for its derivatives led to a sharp decline in the prices. Soy tumbled on fear of government intervention to curtail rising food inflation. Mentha oil prices witnessed small recovery on short covering but failed to sustain the gains; Steady spot market activity in absences of fresh market cues might also weigh on sentiments. Cardamom prices reversed the trend on active selling and remained down and weak demand at spot market may further pressurize the prices. Daily total arrivals of Cardamom at different auctions were decline to 34,164 Kg. Weak demand at spot market may further pressurize the prices. Chana prices are down due to profit booking by the market participants on worries over subdued demand though recovering weather conditions during the last week are likely to help the crop to recover from the damage of the cold wave conditions. Jeera is bearish owing to fresh arrivals in the domestic mandi. Jeera prices will depend on the demand from the overseas and domestic buyers and fresh arrivals in the domestic mandis. Turmeric prices are down due to expected improved arrivals and dull trades at the domestic market.
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