1. business and industrial
2. energy
3. oil

24-Nov-14
Item
Open
High
35490
35500
Low
Close
% Cng
OI
34945
-1.34
41
Comments
Spices
Pepper
Turmeric
34420
Agro Market
6296
6340
6270
6318
0.38
Jeera
12325
12445
12235
12290
-0.36
6927
Coriander
13274
13345
13090
13183
-0.86
28940
Cardamom
8440
869
870.5
859
861.7
-0.61
1096
Sugar m
2757
2757
2745
2751
-0.22
11660
Wheat
1646
1659
1642
1647
0.06
5400
Maize
1187
1193
1162
1174
-1.43
9360
Barley
1652
1669
1652
1661
0.06
3670
Chana
3124
3204
3123
3193
2.24
78720
Kapas
802
810.5
798.5
808
0.69
12764
Gur
978.5
982.5
973.5
976
-0.56
3060
Cotton
16040
16190
16040
16150
0.62
1134
Mentha Oil
694.3
697.1
685.5
688.7
-1.30
6246
Soya Bean
3300
3338
3196
3332
1.25
121480
Ref.soya oil
587
593.8
586.3
590.9
0.52
85790
Cpo
451
453
448.4
451
0.31
1247
Rmseed
3831
3857
3825
3851
0.50
23280
Castorseed
4823
4857
4813
4827
-0.02
296090
Cereals
Most of the spices counter on the
NCDEX yesterday ended with losses.
Dhaniya prices ended with more than
one percent losses followed by around
quarter gains in jeera prices whereas
turmeric prices ended with around half
percent gains. Turmeric prices ended
with gains as support seen taking
positive cues from the spot market on
rising exports demand. Jeera settled
down due to profit booking driven by
weak demand in the spot market.
Others
DAILY MARKET LEVEL
COMMODITIES
CARDAMOM
WHEAT
MENTHA OIL
CHANA
TURMERIC
JEERA
SOYABEAN
R.SOYA OIL
CLOSE
861.7
1647
688.7
3193
6318
12290
3332
590.9
879.9
1673
706.9
3304
6420
12625
3524
602.0
875.2
1666
702.0
3254
6380
12535
3431
598.0
868.4
1656
695.3
3223
6350
12415
3382
594.0
863.7
1649
690.4
3173
6310
12325
3289
590.0
856.9
1639
683.7
3142
6280
12205
3240
586.0
852.2
1632
678.8
3092
6240
12115
3147
582.0
845.4
1622
672.1
3061
6210
11995
3098
578.0
OI
1096
5400
6246
78720
8440
6927
121480
85790
OI (%)
-3.01
14.65
-8.94
5.40
-0.53
1.54
-0.33
-2.91
RESISTANCE
P. POINT
SUPPORT
SPOT MARKETS UPDATE
CORIANDER
SUGAR
SOYABEAN
CHANA
TURMERIC
JEERA
R.SOYA OIL
WHEAT
RM SEED
COTTON
13183
2751
3332
3193
6318
12290
590.9
1647
3851
16150
-0.86
-0.22
1.25
2.24
0.38
-0.36
0.52
0.06
0.50
0.62
SOYABEAN
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
3300
3338
3196
3332
1.25
41.00
121480
90340
MARKET MOVER
Soyabean trading range for the day is 3147-3431.
Soyabean prices seen supported on improved demand for the
bean for cattle feed in global market following robust export
data
However, improved International production forecasts, capped
some gains in soyabean prices to some extent.
NCDEX accredited warehouses soyabean stocks gained by 2447
tonnes to 10600 tonnes.
At the Indore spot market in top producer MP, soybean gained
31 rupee to 3258 rupee per 100 kgs.
BUY SOYABEAN DEC @ 3300 SL 3270 TGT 3340-3380.NCDEX
MARKET COMMENTARY
Soyabean settled up 1.25% at 3332 supported by improved demand for the bean for cattle feed in global market following robust export data from
the US. However, improved International production forecasts, capped some gains in soyabean prices to some extent. Improved International
production forecasts had been keeping sentiments weak there. Traders expect downtrend to be limited however as domestic demand is expected to
improve in coming weeks for the good quality produce. In US, the biggest exporter of the bean, soybean export sales fell by 55% to 483,000 tons in
the week ended Nov 13 compared to 68% in the previous weak, it lowest since Sep 1, government data showed. Data showed that US soybean
harvest was 94% completed in the week ended on Nov 16 compared to 90% in the previous week and production is expected to reach a record
3.958 billion bushels. US farmers are expected to plant a record 88.3 million soybean acres in 2015, up 4.1 million from this year, said Informa
Economics in its report. The crop size this year is likely to expand by 5-10 per cent compared with last year. Soyabean was planted on 12.17 million
hectares last year and the output, according to Government estimates, was 11.98 million tonnes. In the current season, soyabean has been planted
on about 10.96 million hectares. SOPA is currently in the process of estimating the current crop size and is likely to come out with the number in
about a week’s time. Technically market is under short covering as market has witnessed drop in open interest by -0.33% to settled at 121480 while
prices up 41 rupee, now Soyabean is getting support at 3239 and below same could see a test of 3147 level, And resistance is now likely to be seen
at 3381, a move above could see prices testing 3431.
RM Seed
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
3831
3857
3825
3851
0.50
19.00
23280
16820
MARKET MOVER
Rmseed trading range for the day is 3812-3876.
Mustard seed prices seen supported on improved demand and
on higher minimum support prices which will increase cost of
production
Demand for mustard oil shifted from palm oil in winter season
as palm oil solidifies in cold weather.
NCDEX accredited warehouses mustard seed stocks gained by
452 tonnes to 2288 tonnes.
In the Alwar spot market in Rajasthan the price gained 12.85
rupee to 3867.5 rupees per 20kgs.
BUY RMSEED DEC @ 3840 SL 3820 TGT 3865-3890.NCDEX
MARKET COMMENTARY
Rmseed settled up 0.5% at 3851 on improved demand and on higher minimum support prices which will increase cost of production. Demand for
mustard oil shifted from palm oil in winter season as palm oil solidifies in cold weather. The government raised mustard seed MSP 1.63% to Rs
3,100 per quintal for 2014-15 compared to Rs 3,050 per quintal for a previous year. India's mustard seed sowing rose at 4.88 million hectare from
4.7 million hectare, until November 14, government data showed. As per Ministry of Agriculture, Rajasthan area coverage in Rabi season 2014-15 till
30thOct 2014 was 9.07 lakh ha vs 11.88 lakh ha in 2013-14. The fall in area was due to high temperature in Oct and lack of rains. Crops also faced
germination problem due to the high Temperature. Haryana area coverage in Rabi 2014-15 till 30thOct was reportedly nil while it was 2 lakh ha in
2013-14 during this time. The reason is again the high temperature during Oct. MP area coverage in Rabi 2014-15 till 30th Oct. was 3.80 lakh ha
while it was nil in 2013-14. Due to good rains in Oct and fields being unused, early sowing was possible there. UP area coverage in Rabi 2014-15 till
30th Oct was 4.91 lakh ha while it was nil in 2013-14 during this period. As fields this year were unused in kharif season, so farmers had sown
Mustard early in UP. Technically market is under short covering as market has witnessed drop in open interest by -4.08% to settled at 23280 while
prices up 19 rupee, now Rmseed is getting support at 3832 and below same could see a test of 3812 level, And resistance is now likely to be seen at
3864, a move above could see prices testing 3876.
MENTHA OIL
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
694.3
697.1
685.5
688.7
-1.30
-9.10
6246
2149
MARKET MOVER
Menthaoil trading range for the day is 678.8-702.
Menthaoil spot is at 782/-. Spot market is down by Rs.5/-.
Mentha oil prices dropped amid higher arrivals from Chandausi
in Uttar Pradesh. Besides
Besides, sluggish demand in the spot market too supported
mentha oil prices downtrend.
Expectations of a pick up in demand in coming weeks
supported falling rates to some extent.
SELL MENTHA OIL DEC NOV @ 692 SL 698 TGT 686-682.MCX
MARKET COMMENTARY
Menthaoil settled down -1.3% at 688.7 amid higher arrivals from Chandausi in Uttar Pradesh. Besides, sluggish demand in the spot market too
supported mentha oil prices downtrend. Expectations of a pick up in demand in coming weeks supported falling rates to some extent. But higher
stocks and lack of strong demand as of now prevented any strong uptrend in price movement also. Mentha oil production in India is likely to decline
by 20 per cent, due to lower plantings of the aromatic herb in the past two years, due to falling prices. Sources estimate the area under mentha
planting at 17,500 hectares this season, 20 per cent down, resulting in a proportionate fall in mentha oil production this year. Sources estimate oil
production at 55,000 tonnes in 2013-14, of which 40 per cent was unsold and carried over for 2014-15. At Sambhal total arrivals are at 50 Drums(1drum=180kg), steady as against previous day’s arrival. At Rampur sources reported arrivals at 7 Drums(1-drum=180kg), lower by 3 Drums(1drum=180kg) as compared to previous day. At Barabanki arrivals were reported at 175 Drums(1-drum-180kg), lower by 25 Drums(1-drum-180kg)
as compared to previous day. At Bareilly market arrivals were reported at 3 Drums(1-drum-180kg), lower by 2 Drums(1-drum-180kg) from previous
day’s arrivals. Technically market is under long liquidation as market has witnessed drop in open interest by -8.94% to settled at 6246 while prices
down -9.1 rupee, now Menthaoil is getting support at 683.7 and below same could see a test of 678.8 level, And resistance is now likely to be seen
at 695.3, a move above could see prices testing 702.
CHANA
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
3124
3204
3123
3193
2.24
70.00
78720
75250
MARKET MOVER
Chana trading range for the day is 3092-3254.
Chana prices ended with gains on poor supplies in spot
markets amid a pick-up in demand from mills.
However, fall in international prices due to expectations of
higher pulses production in US, capped some gains.
NCDEX accredited warehouses chana stocks gained by 3008
tonnes to 35878 tonnes.
In Delhi spot market, chana gained by 6.45 rupee to end at
3082.4 rupee per 100 kgs.
BUY CHANA DEC @ 3170 SL 3140 TGT 3220-3260.NCDEX
MARKET COMMENTARY
Chana settled up 2.24% at 3193 on poor supplies in spot markets amid a pick-up in demand from mills. However, fall in international prices due to
expectations of higher pulses production in US, capped some gains in chana prices to some extent. Chana arrivals fell by 5 trucks to 20 trucks as
compared to previous day. According to the fourth advanced estimates released by the Ministry of Agriculture, chana output in 2013-14 is estimated
at 9.88 million tonnes, up 11.9 per cent compared with 8.83 million tonnes the previous year. The Government had initially set a target of 8.66
million tonnes. Increased acreage and favourable climatic conditions in the major producing States such as Madhya Pradesh, Maharashtra, Rajasthan
and Karnataka also helped to push up the yield. Lower prices on the back of record output and comfortable supplies may force farmers to switch
over to other remunerative crops such as mustard and coriander which could yield better returns. Due to this, the government has set a target of 9.3
million tons for chana output for 2014-15 rabi season, down 5.87% compared to previous year. Being a rabi crop, sowing of chana takes place after
the harvesting of kharif crops between October and December, while harvesting takes place from January through May. Technically market is under
fresh buying as market has witnessed gain in open interest by 5.4% to settled at 78720 while prices up 70 rupee, now Chana is getting support at
3143 and below same could see a test of 3092 level, And resistance is now likely to be seen at 3224, a move above could see prices testing 3254.
TURMERIC
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
6296
6340
6270
6318
0.38
24.00
8440
2515
MARKET MOVER
Turmeric trading range for the day is 6240-6380.
Turmeric prices ended with gains as support seen taking
positive cues from the spot market on rising exports demand.
Furthermore, inadequate stocks position as well as restricted
supplies from producing belts also influenced the commodity
prices.
Crop in Nizamabad and Maharashtra might be 12%-13% lower,
which may support the prices.
In Nizamabad, a major spot market in AP, the price ended at
6261.25 rupees gained 13.9 rupees.
SELL TURMERIC DEC @ 6350 SL ABV 6450 TGT 6250-61606080. NCDEX
MARKET COMMENTARY
Turmeric settled up 0.38% at 6318 as support seen taking positive cues from the spot market on rising exports demand. Furthermore, inadequate stocks
position as well as restricted supplies from producing belts also influenced the commodity prices. As per traders that crop in Nizamabad and Maharastra might
be 12%-13% lower, which may support the prices. Inventory of Turmeric at erode around 20-22 lakh bags as compared to 27 lakh bags in last month and in
Nizamabad inventory stand around 6.5 lakh bags. Sowing of Turmeric in AP for the 2014-15 season is reported at 0.13 lakh ha, as against 0.1 lakh ha last year
and a normal sowing of 0.19 lakh ha. The area in Telanaga stood at 0.446 lakh ha against 0.431 lakh ha last year. Spot prices of turmeric increased by Rs. 200
a quintal at Erode markets for the local variety. Because of the slump yesterday, the turmeric grower farmers brought limited stock. Of the arrival of 4,500
bags, more than 1,300 bags are fine variety local turmeric. Traders those who received some upcountry orders purchased the same by quoting higher price.
The hybrid varieties ruled flat. The finger variety in the Regulated Market Committee and Erode Cooperative Marketing Society were up Rs. 200 a quintal and
the hybrid root variety was down Rs. 50. At the Erode Cooperative Marketing Society, the finger turmeric went for Rs. 5,589-6,699; the root variety Rs. 5,3896,219. All the 825 bags found takers. Technically market is under short covering as market has witnessed drop in open interest by -0.53% to settled at 8440,
now Turmeric is getting support at 6279 and below same could see a test of 6239 level, And resistance is now likely to be seen at 6349, a move above could
see prices testing 6379.
JEERA
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
VOLUME
12325
12445
12235
12290
-0.36
-45.00
6927
3336
MARKET MOVER
Jeera trading range for the day is 12115-12535.
Jeera settled down due to profit booking driven by weak
demand in the spot market.
However, restricted arrivals from producing belts limited the
downside.
NCDEX accredited warehouses jeera stocks gained by 42
tonnes to 1019 tonnes.
In Unjha, a key spot market in Gujarat, jeera edged down by 25 rupees to end at 12100 rupee per 100 kg.
SELL JEERA DEC @ 12400 SL 12540 TGT 12280-12160.NCDEX
MARKET COMMENTARY
Jeera settled down -0.36% at 12290 due to profit booking driven by weak demand in the spot market. However, restricted arrivals from producing
belts limited the downside. Sowing of the spice has commenced both in Gujarat and Rajasthan. Area under jeera in Gujarat was reported at 455,000
ha as against 335,200 ha last year while about 390,000 ha were sown in Rajasthan. Export orders are diverted to India due to Geo-political tensions
in Syria and Turkey. Production is also expected to fall in Syria and Turkey due to crop failure. Exports of Jeera between Apr-July 2014 stood at
58,000 tn, up 40% as against 43,898 tn between Apr-July 2013. At Rajkot market sources reported arrivals at 800 quintals, higher by 350 quintals
from previous day’s arrivals. At Unjha market in Mehsana total arrivals are at 15000 quintals, lower by 7000 quintals from previous trading day. At
Jodhpur market sources reported arrivals at 1000 quintals, unchanged as compared to previous day’s arrival. At New Delhi market arrivals were
reported at 7000 quintals, lower by 3000 quintals from previous trading day. Old stock arrivals are increasing in Jeera and some selling pressure is
being built. The demand remains good though. Huge decline is estimated in Jeera sowing in the current year. Technically market is under fresh
selling as market has witnessed gain in open interest by 1.54% to settled at 6927 while prices down -45 rupee, now Jeera is getting support at
12202 and below same could see a test of 12113 level, And resistance is now likely to be seen at 12412, a move above could see prices testing
12533.
CASTORSEED
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
4823
4857
4813
4827
-0.02
-1.00
296090
VOLUME
71640
SUP-3
4763
SUP-2
4788
SUP-1
4807
P.P.
4832
RES-1
4851
RES-2
4876
RES-3
4895
OI (%)
0.77
MARKET COMMENTARY
Castorseed settled down -0.02% at 4827,
technically market is under fresh selling as market
has witnessed gain in open interest by 0.77% to
settled at 296090 while prices down -1 rupee, now
Castorseed is getting support at 4807 and below
same could see a test of 4788 level, And resistance
is now likely to be seen at 4851, a move above
could see prices testing 4876.
Castorseed trading range for the day is 4788-4876.
BUY CASTORSEED JUNE @ 3160 SL 3135 TGT 3185-3210.NCDEX
The spot prices of castorseed in Disa mandi dropped -10.15 rupee to 4698 rupees per kg.
MAIZERABI
OPEN
HIGH
LOW
CLOSE
% CNG
RE CNG
OI
1187
1193
1162
1174
-1.43
-17.00
9360
VOLUME
2670
SUP-3
SUP-2
SUP-1
P.P.
RES-1
RES-2
RES-3
OI (%)
1128
1145
1159
1176
1190
1207
1221
-7.33
MARKET MOVER
Maize trading range for the day is 1145-1207.
Maize prices dropped tracking weakness in spot demand and
overseas prices as a record harvest in the U.S. neared
completion.
According to the latest data from Agricultural Department, the
acreage under Maize stands at 72.18 lakh hectares.
NCDEX accredited warehouses maize stocks gained by 100
tonnes to 16986 tonnes.
In Nizamabad market, maize prices dropped -2 rupee to end at
1342 rupees per 10 kg.
SELL MAIZERABI DEC @ 1190 SL 1198 TGT 1185-1170.NCDEX
MARKET COMMENTARY
Maize settled down -1.43% at 1174 tracking weakness in spot demand and overseas prices as a record harvest in the U.S. neared
completion. The USDA said that nearly 89% of the U.S. corn harvest was completed as of last week, compared to 80% a week earlier.
According to the agency, the U.S. will produce 14.407 billion bushels this year, an all-time high. At Naugachia market in Bihar total arrivals
are at 4167 Quintal, higher by 834 Quintal as against previous day. At Khanna market in arrivals were reported at 1800 Quintal,
unchanged as compared to previous day’s arrival. At Davanagere market total arrivals are at 5000 Bags, up by 2000 Bags as compared to
previous day. At Nizamabad market in Andhra Pradesh arrivals were reported at 10000 Qtl, unchanged as compared to previous day’s
arrival. As per IBIS data, exports of corn were reported around 0.0054 million tons for the period of Nov 03 to Nov 09, 2014 mainly to
Malaysia, Nepal, Singapore and USA. Some demand from stockists is emerging in Maize. Arrivals from the latest Kharif harvest have
started coming in Nizamabad and Sangli. The spot maize markets are witnessing a thin activity as the corporate buyers have already
completed their purchases and steady sowing progress in the kharif season is keeping overall sentiments under check. Supplies from Bihar
are also increasing from the second round of rabi crop. Technically market is under long liquidation as market has witnessed drop in open
interest by -7.33% to settled at 9360 while prices down -17 rupee, now Maize is getting support at 1160 and below same could see a test
of 1145 level, And resistance is now likely to be seen at 1191, a move above could see prices testing 1207.
MONTH
OPEN
HIGH
LOW
CLOSE
OPEN INT
CHANGE
IN RS.
CHANGE
IN %
VOLUME
OI (%)
945
-3.01
OTHER COMMODITY ITEMS TRADING LEVEL
MCX CARDAMOM
Dec 2014
INTRA-DAY
LEVEL FOR
Dec 2014
MONTH
869.0
Support
Resistance
870.5
859.0
861.7
Sup-1
Sup-2
Sup-3
857
852
845
Res-1
Res-2
Res-3
868
875
880
593.8
586.3
590.9
Sup-1
Sup-2
Sup-3
586
582
578
Res-1
Res-2
Res-3
594
598
602
453.0
448.4
451.0
Sup-1
Sup-2
Sup-3
448.6
446.2
444.0
Res-1
Res-2
Res-3
453.2
455.4
457.8
1669.0
1652.0
1661.0
Sup-1
Sup-2
Sup-3
1653
1644
1636
Res-1
Res-2
Res-3
1670
1678
1687
3857
3825
3851
Sup-1
Sup-2
Sup-3
3831
3812
3799
Res-1
Res-2
Res-3
3863
3876
3895
3338.0
3196.0
3332.0
Sup-1
Sup-2
Sup-3
3240.0
3147.0
3098.0
Res-1
Res-2
Res-3
3382.0
3431.0
3524.0
1659
1642
1647
Sup-1
Sup-2
Sup-3
1639
1632
1622
Res-1
Res-2
Res-3
1656
1666
1673
2757
2745
2751
Sup-1
Sup-2
Sup-3
2745
2739
2733
Res-1
Res-2
Res-3
2757
2763
2769
1096
-5.3
-0.61
P.POINT
Weak
864
NCDEX REF.SOYA OIL
Dec 2014
INTRA-DAY
LEVEL FOR
Dec 2014
MONTH
587.0
Support
Resistance
85790
3.05
0.52
46140
-2.91
P.POINT
Positive
590
MCX CRUDE PALM OIL
Nov 2014
INTRA-DAY
LEVEL FOR
Nov 2014
MONTH
451.0
Support
Resistance
1247
1.4
0.31
358
-5.39
P.POINT
Positive
450.8
NCDEX BARLEY
Dec 2014
INTRA-DAY
LEVEL FOR
Dec 2014
MONTH
1652.0
Support
Resistance
3670
1
0.06
360
-2.39
P.POINT
Weak
1661
NCDEX RMSEED
Dec 2014
INTRA-DAY
LEVEL FOR
Dec 2014
MONTH
3831
Support
Resistance
23280
19
0.50
16820
-4.08
P.POINT
Positive
3844
NCDEX SOYABEAN
Dec 2014
INTRA-DAY
LEVEL FOR
Dec 2014
MONTH
3300.0
Support
Resistance
121480
41
1.25
90340
-0.33
P.POINT
Positive
3289.0
NCDEX WHEAT
Dec 2014
INTRA-DAY
LEVEL FOR
Dec 2014
MONTH
1646
Support
Resistance
5400
1
0.06
2960
14.65
P.POINT
Weak
1649
NCDEX SUGARM
Dec 2014
INTRA-DAY
LEVEL FOR
Dec 2014
MONTH
2757
Support
Resistance
11660
-6
-0.22
400
P.POINT
Weak
2751
NCDEX REF.SOYA OIL JUNE
-0.93
SPREAD UPDATE
DAILY SPREAD IN MENTHA OIL - MCX
MONTH
RATE
Nov 2014
688.7
Dec 2014
700.3
Jan 2015
712.2
Nov 2014
DAILY SPREAD IN SOYABEAN - NCDEX
Dec 2014
Jan 2015
MONTH
RATE
11.6
24
Dec 2014
3332
11.9
Jan 2015
3372
Feb 2015
3423
Dec 2014
Jan 2015
40
Feb 2015
91
51
Spread between Menthaoil NOV & DEC contracts yesterday ended Spread between Soyabean DEC & JAN contracts yesterday ended
at Rs.11.6, we have seen yesterday Menthaoil future had traded at Rs.40, we have seen yesterday Soyabean future had traded in
in a negative zone and settled -1.3% down.
a positive zone and settled 1.25% up.
DAILY SPREAD IN CPO - MCX
MONTH
RATE
Nov 2014
451
Dec 2014
461.8
Jan 2015
470.5
Nov 2014
DAILY SPREAD IN CHANA - NCDEX
Dec 2014
Jan 2015
MONTH
RATE
10.8
20
Dec 2014
3193
8.7
Jan 2015
3230
Feb 2015
3268
Dec 2014
Jan 2015
37
Feb 2015
75
38
Spread between CPO NOV & DEC contracts yesterday ended at Spread between Chana DEC & JAN contracts yesterday ended at
Rs.10.8, we have seen yesterday CPO future had traded in a Rs.37, we have seen yesterday Chana future had traded in a
positive zone and settled 0.31% up.
positive zone and settled 2.24% up.
DAILY SPREAD IN JEERA - NCDEX
MONTH
RATE
Dec 2014
12290
Jan 2015
12460
Feb 2015
12640
Dec 2014
DAILY SPREAD IN TURMERIC - NCDEX
Jan 2015
Feb 2015
MONTH
RATE
170
350
Dec 2014
6318
180
Apr 2015
7378
May 2015
7454
Dec 2014
Apr 2015
May 2015
1060
1136
76
Spread between Jeera DEC & JAN contracts yesterday ended at Spread between Turmeric DEC & APR contracts yesterday ended
Rs.170, we have seen yesterday Jeera future had traded in a at Rs.1060, we have seen yesterday Turmeric future had traded
negative zone and settled -0.36% down.
in a positive zone and settled 0.38% up.
DAILY SPREAD IN CARDAMOM - MCX
MONTH
RATE
Dec 2014
861.7
Jan 2015
891.7
Feb 2015
913.8
Dec 2014
DAILY SPREAD IN REF.SOYA - NCDEX
Jan 2015
Feb 2015
MONTH
RATE
30
52
Dec 2014
590.9
22.1
Jan 2015
599.95
Feb 2015
602
Dec 2014
Jan 2015
9.05
Feb 2015
11
2.05
Spread between Cardamom DEC & JAN contracts yesterday Spread between Ref.Soyaoil DEC & JAN contracts yesterday
ended at Rs.30, we have seen yesterday Cardamom future had ended at Rs.9.05, we have seen yesterday Ref.Soyaoil future had
traded in a negative zone and settled -0.61% down.
traded in a positive zone and settled 0.52% up.
NEWS YOU CAN USE
The government has still not decided on extending a subsidy on export of raw sugar for the 2014-15 marketing year that started in
October, Food Minister Ram Vilas Paswan said. In February, the Centre had announced a subsidy for export of raw sugar up to four
million tonnes in order to help the cash-starved industry clear sugar cane arrears to farmers. The subsidy scheme ended in
September. “No decision has been taken to extend the export subsidy,” Paswan told reporters here. The minister said status quo
remains as far as the subsidy issue is concerned. The subsidy was originally fixed at Rs 3,300 per tonne for February-March and
the Centre had decided to review the quantum of subsidy every two months. Incentive was reduced to Rs 2,277 per tonne for AprilMay and the same was reinstated at Rs 3,300 per tonne for June- July. For August-September, the subsidy was hiked to Rs 3,371
per tonne. Under the export incentive scheme, India had exported 7 lakh tonnes of raw sugar in 2013-14 marketing year (OctoberSeptember). Last month, a top food ministry official had said the government would consider extending the subsidy on export of
raw sugar after assessing production estimates for the current marketing year and sugarcane arrears to farmers.
Soybean output in India is likely to rise by about 10% this year, due to favourable weather conditions. A survey by The Soybean
Processors' Association (Sopa), the Indore-based apex trade body, has forecast India's overall output at 10.44 million tonnes, as
compared to 9.48 mn tonne the previous year. The record so far has been 12.19 mn tonne in 2012. The survey was conducted in
the three major producing states of Maharashtra, Madhya Pradesh and Rajasthan. These account for 90% of overall annual
production. As for groundnut, the Indian Oilseeds and Produce Export Promotion Council (IOPEC) has projected output at 4.33 mn
tonne this year as compared to 5.16 mn tonne last year. Kishore Tanna, its chairman, said deficient monsoon rainfall had impacted
sowing, estimated at 3.26 mn ha in 2014 versus 3.64 mn ha in 2013. Groundnut export in 2014-15 is expected to cross 600,000
tonnes, in comparison with 512,000 tonnes last year. These had risen by 40% in the first half of this financial year, to 221,000
tonnes. Sesame seed, however, should see much more output this year, said Tanna. IOPEPC estimates it to rise 143% to 476,891
tonnes, from 196,180 tonnes last year. Its export is also expected to fare much better. India exported 257,000 tonnes of sesame
seeds last year.
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