Market Wrap For Daily Agri Commodity

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21-03-2011


MARKET WRAP FOR AGRI COMMODITY

• India spices fall on weak domestic, export demand
• Turmeric falls on higher arrivals
• Jeera slumps on higher arrivals
• Pepper gains on domestic demand
• Soy bean, soy oil futures up on global cues & demand
• Chana drops on fresh arrivals
• Guar remains steady


The turmeric price trend in the short term is likely to depend on the arrivals and demand from the overseas and domestic buyers. Jeera prices in the intraday may trade sideways owing to demand from the local stockists and expectation of better arrivals in the market. Any recovery in demand from the overseas buyers however will support Jeera prices in the short term. Prices quoted by India for Pepper in international market moved up to $5050 per ton which is very much in order with the prices quoted in other origins. Therefore, few export inquires can be expected in coming days. Domestic traders and investors are likely to sell Refined Oil futures anticipating shrink in the demand for oil with the progress of summer season. Higher production estimates of RM Seed this year as compared to last year may pressurize the prices. Guar futures would be dependent on the overseas demand scenario. Notwithstanding expected bumper production of pulses during 2011-12, India would require to import 3.40 million tone of the Chana to match the enhanced demand.

 

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22-03-2011



MARKET WRAP FOR AGRI COMMODITY


• India spices fall on weak domestic, export demand
• Turmeric falls over 2% on weak demand & increased arrivals
• Jeera falls on weak exports & higher arrivals
• Pepper gains on domestic demand
• Soy bean, soy oil falls on low demand
• Chana closes down on arrivals & lower pulses price
• Guar remains steady


Improved fresh arrivals in the turmeric may pressurize prices in the coming days. Weak demand from the overseas is also weighing on the prices. Jeera prices in the intraday may trade sideways owing to demand from the local stockists and expectation of better arrivals in the market. Any recovery in demand from the overseas buyers however will support Jeera prices in the short term. Prices quoted by India for Pepper in international market moved up to $5050 per ton which is very much in order with the prices quoted in other origins. Therefore, few export inquires can be expected in coming days. Edible Oil Complex may trade with positive bias owing to reports of crop damage of Soybean in Brazil after floods hit the growing regions. Guar is expected to extend the earlier gains in the coming week on account of decline in the arrivals and recovery in demand from the overseas buyers. Notwithstanding expected bumper production of pulses during 2011-12, India would require to import 3.40 million tonne of the Chana to match the enhanced demand.

 

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23-03-2011


MARKET WRAP FOR AGRI COMMODITY


• Turmeric rises on short covering
• Jeera falls on weak exports & higher arrivals
• Pepper gains on weak arrivals
• Soy bean, soy oil falls on low demand
• Chana closes down on arrivals & lower pulses price
• Guar falls on profit booking
• Cardamom weakens on subdued demand


Improved fresh arrivals in the turmeric may pressurize prices in the coming days. Weak demand from the overseas is also weighing on the prices. Jeera prices in the intraday may trade sideways owing to demand from the local stockists and expectation of better arrivals in the market. Any recovery in demand from the overseas buyers however will support Jeera prices in the short term. Prices quoted by India for Pepper in international market moved up to $5050 per ton which is very much in order with the prices quoted in other origins. Therefore, few export inquires can be expected in coming days. Edible Oil Complex may trade with positive bias owing to reports of crop damage of Soybean in Brazil after floods hit the growing regions. Guar is expected to extend the earlier gains in the coming week on account of decline in the arrivals and recovery in demand from the overseas buyers. Notwithstanding expected bumper production of pulses during 2011-12, India would require to import 3.40 million tonne of the Chana to match the enhanced demand.

 

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25-03-2011



MARKET WRAP FOR AGRI COMMODITY

• Turmeric drops on short covering
• Jeera falls on weak demand
• Pepper gains on weak arrivals
• Indian rupee slumps on firm dollar
• Chana drops on increased arrivals
• Guar up on bargain buying
• Cardamom weakens on subdued demand


Turmeric futures are expected to extend the losses on strong selling interest in coming week. However, prices might witness small recovery initially on short covering on previous losses. Poor export demand amid middle east concern as they are the major importers of Indian Jeera might weigh on prices and dry weather conditions in major growing region is also supporting the crop which might create pressure on prices. Prices quoted by India for Pepper in international market moved up to $5050 per ton which is very much in order with the prices quoted in other origins. Therefore, few export inquires can be expected in coming days. Edible Oil Complex may trade with positive bias owing to reports of crop damage of Soybean in Brazil after floods hit the growing regions. Guar is expected to extend the earlier gains in the coming week on account of decline in the arrivals and recovery in demand from the overseas buyers. Notwithstanding expected bumper production of pulses during 2011-12, India would require to import 3.40 million tonne of the Chana to match the enhanced demand.

 

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26-03-2011


MARKET WRAP FOR AGRI COMMODITY

• Turmeric declines on supply
• Jeera surges on low production estimates
• Pepper gains on global cues
• Soya bean recovers on short covering
• Chana down on arrivals
• Guar up on low supply
• Cardamom weakens on subdued demand

Turmeric futures are expected to extend the losses on strong selling interest in coming week. However, prices might witness small recovery initially on short covering on previous losses. Poor export demand amid middle east concern as they are the major importers of Indian Jeera might weigh on prices and dry weather conditions in major growing region is also supporting the crop which might create pressure on prices. Prices quoted by India for Pepper in international market moved up to $5050 per ton which is very much in order with the prices quoted in other origins. Therefore, few export inquires can be expected in coming days. Edible Oil Complex may trade with positive bias owing to reports of crop damage of Soybean in Brazil after floods hit the growing regions. Guar is expected to extend the earlier gains in the coming week on account of decline in the arrivals and recovery in demand from the overseas buyers. Notwithstanding expected bumper production of pulses during 2011-12, India would require to import 3.40 million tonne of the Chana to match the enhanced demand

 

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28-03-2011


MARKET WRAP FOR AGRI COMMODITY


• Turmeric declines on supply
• Jeera surges on low production estimates
• Pepper gains on global cues
• Soya bean recovers on short covering
• Chana down on arrivals
• Guar up on low supply
• Cardamom weakens on subdued demand


Turmeric futures are expected to extend the losses on strong selling interest in coming week. However, prices might witness small recovery initially on short covering on previous losses. Poor export demand amid middle east concern as they are the major importers of Indian Jeera might weigh on prices and dry weather conditions in major growing region is also supporting the crop which might create pressure on prices. Prices quoted by India for Pepper in international market moved up to $5050 per ton which is very much in order with the prices quoted in other origins. Therefore, few export inquires can be expected in coming days. Edible Oil Complex may trade with positive bias owing to reports of crop damage of Soybean in Brazil after floods hit the growing regions. Guar is expected to extend the earlier gains in the coming week on account of decline in the arrivals and recovery in demand from the overseas buyers. Notwithstanding expected bumper production of pulses during 2011-12, India would require to import 3.40 million tonne of the Chana to match the enhanced demand

 

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29-03-2011



MARKET WRAP FOR AGRI COMMODITY

• Turmeric drops on weak exports
• Jeera plunges on profit taking
• Pepper falls on profit booking
• Soya bean, soy oil fall by over 1%
• Chana down on increased arrivals
• Guar low on profit booking
• Cardamom weakens on subdued demand


Turmeric demand from the local stockists and overseas buyer has declined due to sharp fall. Buyers are anticipating further fall in the prices. Jeera prices in the intraday may trade sideways to up on expectation of fresh demand are likely to control prices from falling sharply. Pepper prices will depend on demand from the overseas and domestic buyers & will also take cues from prices in the international market of various origins. Spot markets are likely to witness subdued trading ahead of fiscal ending. Fully fledged arrivals of Rabi oilseeds across spot markets are likely to keep pressure on the soy oil market. US farmers are likely to plant more cotton in place of soybean as they are attracted by cotton price rally. Guar is expected to extend the earlier gains in the coming week on account of decline in the arrivals and recovery in demand from the overseas buyers. Increasing arrivals and the imports of Chana are anticipated to cap any steep gain in the prices. The stockists have started accumulating as the arrivals are gaining momentum and the fresh crop quality is good.

 

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30-03-2011


MARKET WRAP FOR AGRI COMMODITY

• Turmeric drops on weak exports
• Jeera up on low stocks
• Pepper up on firm global cues
• Soya bean, soy oil steady on global cues, weak export demand
• Chana down on increased arrivals
• Guar rises on short covering
• Cardamom weakens on subdued demand


Turmeric demand from the local stockists and overseas buyer has declined due to sharp fall. Buyers are anticipating further fall in the prices. The fall in the domestic production due to bad weather and lack of arrivals from other producing countries supported domestic Jeera. Pepper prices will depend on demand from the overseas and domestic buyers & will also take cues from prices in the international market of various origins. Spot markets are likely to witness subdued trading ahead of fiscal ending. Full-fledged arrivals of Rabi oilseeds across spot markets are likely to keep pressure on the soy oil market. US farmers are likely to plant more cotton in place of soybean as they are attracted by cotton price rally. Damage to Guar crops from floods in Pakistan are keeping trend firm in Indian markets. Increasing arrivals and the imports of Chana are anticipated to cap any steep gain in the prices. The stockists have started accumulating as the arrivals are gaining momentum and the fresh crop quality is good

 

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31-03-2011


MARKET WRAP FOR AGRI COMMODITY


• Turmeric ends slightly up on short covering
• Jeera drops on ample supply
• Pepper surges on limited stocks
• Soya bean, soy oil rises tracking global cues
• Chana down on increased arrivals
• Guar plunges on profit booking
• RM seed trades up on weak arrivals


Turmeric demand from the local stockists and overseas buyer has declined due to sharp fall. Buyers are anticipating further fall in the prices. The fall in the domestic production due to bad weather and lack of arrivals from other producing countries supported domestic Jeera. Pepper prices will depend on demand from the overseas and domestic buyers & will also take cues from prices in the international market of various origins. Spot markets are likely to witness subdued trading ahead of fiscal ending. Full-fledged arrivals of Rabi oilseeds across spot markets are likely to keep pressure on the soy oil market. US farmers are likely to plant more cotton in place of soybean as they are attracted by cotton price rally. Absence of the fresh export demand and the inactive buying of Guar are still prevailing across the spot markets. The arrival season of guar seed has ended across major growing regions. The arrival pressure of Chana from Rajasthan is expected to increase in April which might limit the gain in prices.

 

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01-04-2011


MARKET WRAP FOR AGRI COMMODITY

• April-Feb spices exports up 4%
• Turmeric tumbles on fresh arrivals
• Jeera drops on weak exports
• Pepper down on weak exports
• Soya bean, soy oil trade a tad higher
• Chana futures up on short covering
• Guar up on short covering
• RM seed trades up on weak arrivals


Turmeric demand from the local stockists and overseas buyer has declined due to sharp fall. Buyers are anticipating further fall in the prices. The fall in the domestic production due to bad weather and lack of arrivals from other producing countries supported domestic Jeera. Pepper prices will depend on demand from the overseas and domestic buyers & will also take cues from prices in the international market of various origins. Spot markets are likely to witness subdued trading ahead of fiscal ending. Full-fledged arrivals of Rabi oilseeds across spot markets are likely to keep pressure on the soy oil market. US farmers are likely to plant more cotton in place of soybean as they are attracted by cotton price rally. The arrivals of Guar are witnessed across the spot markets exerting pressure on the prices while the export demand for the commodity is bleak. The arrival pressure of Chana from Rajasthan is expected to increase in April who might limit the gain in prices.

 

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02-04-2011



MARKET WRAP FOR AGRI COMMODITY


• April-Feb spices exports up 4%
• Turmeric tumbles on fresh arrivals
• Jeera up on output view
• Pepper rises on low supply
• Soya bean, soy oil rises on global cues & export demand hope
• Cardamom trades up on supply crunch
• Guar tumbles on short selling
• Potato surges on firm demand Potato surges on firm demand


Turmeric demand from the local stockists and overseas buyer has declined due to sharp fall. Buyers are anticipating further fall in the prices. The fall in the domestic production due to bad weather and lack of arrivals from other producing countries supported domestic Jeera. Pepper prices will depend on demand from the overseas and domestic buyers & will also take cues from prices in the international market of various origins. Spot markets are likely to witness subdued trading ahead of fiscal ending. Full-fledged arrivals of Rabi oilseeds across spot markets are likely to keep pressure on the soy oil market. US farmers are likely to plant more cotton in place of soybean as they are attracted by cotton price rally. The arrivals of Guar are witnessed across the spot markets exerting pressure on the prices while the export demand for the commodity is bleak. The arrival pressure of Chana from Rajasthan is expected to increase in April which might limit the gain in prices.

 

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05-04-2011



MARKET WRAP FOR AGRI COMMODITY


• Turmeric tumbles on fresh arrivals
• Jeera settles higher on short covering
• Pepper rises on low supply
• Soya bean, soy oil rises on export demand hopes
• Chana down on arrival pressure
• Guar ends higher on firm demand
• Potato surges on firm demand
• Cardamom drops on higher arrivals


Turmeric price trend in the short term is likely to depend on the arrivals and demand from the overseas and domestic buyers. Rising arrivals of Jeera at spot market amid peak arrivals season are keeping the prices under pressure. weak overseas demand is also adding to the down trend. Pepper prices will depend on demand from the overseas and domestic buyers & will also take cues from prices in the international market of various origins. Domestic traders and investors are likely to buy soybean futures anticipating revival in demand for soybean and its processed products in the near term. Limited supply of the produce because of lean season is likely to render support to the market. The arrivals of Guar are witnessed across the spot markets exerting pressure on the prices while the export demand for the commodity is bleak. The arrival pressure of Chana from Rajasthan is expected to increase in April who might limit the gain in prices.

 

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06-04-2011




MARKET WRAP FOR AGRI COMMODITY

• Turmeric up on short covering
• Jeera ends up on low output estimates
• Pepper surges on short covering
• Soya bean, soy oil gains tracking global cues
• Chana falls on subdued demand
• Guar ends higher on firm demand
• Potato surges on firm demand
• Cardamom drops on higher arrivals

Turmeric price trend in the short term is likely to depend on the arrivals and demand from the overseas and domestic buyers. Rising arrivals of Jeera at spot market amid peak arrivals season are keeping the prices under pressure. weak overseas demand is also adding to the down trend. Pepper prices will depend on demand from the overseas and domestic buyers & will also take cues from prices in the international market of various origins. Domestic traders and investors are likely to buy soybean futures anticipating revival in demand for soybean and its processed products in the near term. Limited supply of the produce because of lean season is likely to render support to the market. The arrivals of Guar are witnessed across the spot markets exerting pressure on the prices while the export demand for the commodity is bleak. The arrival pressure of Chana from Rajasthan is expected to increase in April which might limit the gain in prices.

 

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07-04-2011



MARKET WRAP FOR AGRI COMMODITY

• Turmeric surges on fresh buying
• Jeera continues uptrend on estimated low output
• Pepper gains on supply crunch
• Soya bean, soy oil rises on demand, global cues
• Chana rises on short covering
• Guar falls on profit booking
• Potato falls on profit booking
• Cardamom rises on auction rates

Turmeric price trend in the short term is likely to depend on the arrivals and demand from the overseas and domestic buyers. Rising arrivals of Jeera at spot market amid peak arrivals season are keeping the prices under pressure. weak overseas demand is also adding to the down trend. Pepper prices will depend on demand from the overseas and domestic buyers & will also take cues from prices in the international market of various origins. Domestic traders and investors are likely to buy soybean futures anticipating revival in demand for soybean and its processed products in the near term. Limited supply of the produce because of lean season is likely to render support to the market. The arrivals of Guar are witnessed across the spot markets exerting pressure on the prices while the export demand for the commodity is bleak. The arrival pressure of Chana from Rajasthan is expected to increase in April which might limit the gain in prices.

 

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08-04-2011


MARKET WRAP FOR AGRI COMMODITY

• Turmeric gains on local demand
• Jeera continues uptrend on estimated low output
• Pepper slips
• Soya bean, soy oil falls on lower palm
• Chana up on short covering
• Guar up on declining arrivals
• Mentha oil regains on export demand
• Cardamom ends higher on short covering

Turmeric prices in the intraday will trade firm due to improved buying by the market participants. Stockiest at the market are not willing to offload their stocks at lower levels. Rising arrivals of Jeera at spot market amid peak arrivals season are keeping the prices under pressure. Weak overseas demand is also adding to the down trend. Pepper prices will depend on demand from the overseas and domestic buyers & will also take cues from prices in the international market of various origins. Declining arrivals and comfortable crush margin is attracting crushers to go for aggressive buying of soybeans from the spot market. Limited supply of the produce because of lean season is likely to render support to the market. The arrivals of Guar are witnessed across the spot markets exerting pressure on the prices while the export demand for the commodity is bleak. The arrival pressure of Chana from Rajasthan is expected to increase in April which might limit the gain in prices.

 

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09-04-2011


MARKET WRAP FOR AGRI COMMODITY
• Turmeric jumps on export demand
• Jeera tumbles on sluggish domestic demand
• Pepper continues uptrend on thin arrivals
• Soya bean, soy oil up on meal exports & palm
• Chana falls on fresh arrivals
• Guar remains steady
• Mentha oil falls on profit booking
• Potato falls on profit booking

Turmeric prices in the intraday will trade firm due to improved buying by the market participants. Stockiest at the market are not willing to offload their stocks at lower levels. Rising arrivals of Jeera at spot market amid peak arrivals season are keeping the prices under pressure. Weak overseas demand is also adding to the down trend. Pepper prices will depend on demand from the overseas and domestic buyers & will also take cues from prices in the international market of various origins. Declining arrivals and comfortable crush margin is attracting crushers to go for aggressive buying of soybeans from the spot market. Limited supply of the produce because of lean season is likely to render support to the market. The arrivals of Guar are witnessed across the spot markets exerting pressure on the prices while the export demand for the commodity is bleak. The arrival pressure of Chana from Rajasthan is expected to increase in April which might limit the gain in prices.

 

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11-04-2011


MARKET WRAP FOR AGRI COMMODITY


• Turmeric jumps on export demand
• Jeera drops on mounting arrivals, weak export demand
• Pepper hits contract high on poor supply
• Soya bean, soy oil rise on global markets
• Chana reverses early gains to end lower
• Guar edges up on demand
• Mentha oil falls on profit booking
• Potato up on low level buying


Turmeric prices in the intraday will trade firm due to improved buying by the market participants. Stockiest at the market are not willing to offload their stocks at lower levels. Rising arrivals of Jeera at spot market amid peak arrivals season are keeping the prices under pressure. Weak overseas demand is also adding to the down trend. Pepper prices will depend on demand from the overseas and domestic buyers & will also take cues from prices in the international market of various origins. Declining arrivals and comfortable crush margin is attracting crushers to go for aggressive buying of soybeans from the spot market. Limited supply of the produce because of lean season is likely to render support to the market. The arrivals of Guar are witnessed across the spot markets exerting pressure on the prices while the export demand for the commodity is bleak. The arrival pressure of Chana from Rajasthan is expected to increase in April who might limit the gain in prices.

 

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03-12-2011


MARKET WRAP FOR AGRI COMMODITY


• Guar gum & Guar seed ended up, hits upper circuit
• Chana declined on subdued demand
• Cardamom tumbled on fresh selling


Spices traded in red today with Pepper tumbled on profit booking due to subdued demand in the market and Jeera settled down on fresh selling due to weak export and higher arrival followed by Turmeric declined on production concerns on the back of subdued demand. Mentha oil ended up on firm domestic demand due to rising export.

 

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10-12-2011


MARKET WRAP FOR AGRI COMMODITY

• • Cardamom ended down, hits lower circuit
• • Mentha oil ended up on Industrial demand
• • Guar gum & guar seed settled higher on firm demand

In Oil & Oil seed Soybean seed ended up on global cues due to strong export demand. Spices traded mixed today, Turmeric regained on fresh buying on the back of rising demand while Pepper settled down on profit booking due to ample supply. In Pulses, Chana ended down on short covering due to weak domestic demand in the market.

 

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17-12-2011


MARKET WRAP FOR AGRI COMMODITY

• Chana settled higher on rising demand
• RM seed ended up on low stocks availability
• Guar gum & Guar seed ended down on profit booking

Spices traded mixed today with Turmeric ended down, hits lower circuit on fresh selling due to higher arrivals followed by Jeera declined on weak export demand while Pepper regained on fresh buying due to rising export demand. Mentha Oil edges higher on short covering due to strong industrial demand. Cardamom ended flat on lack of cues.