Commodity Important Updates for 19 Dec 2016

Aluminium trading range for the day is 115.5-119.5.Aluminium prices dropped tracking LME Aluminium closed down at $1,717 a tonne amid signs of softer demand from China. New residential construction in the U.S. saw a steep drop in the month of November, according to a report. Japanese stocks have been steadily decreasing since reaching a record high of 502,200 tonnes in May 2015.

Jeera trading range for the day is 17075-18015.Jeera prices dropped on profit booking after prices gained amid dwindled supplies and good demand for exports. In 2016-17 Jeera sowing completed around 180300 hectares as compared to last year same period 127600 hectares, as on now. NCDEX accredited warehouses jeera stocks gained by 108 tonnes to 281 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by -38.45 rupees to end at 18461.55 rupee per 100 kg.

Turmeric trading range for the day is 6900-7072.Turmeric dropped amid expectation of good crop next season and as damage to the turmeric crop in recent rains is not significant. The availability of good quality is quite low and crop arriving currently is of medium to low quality. NCDEX accredited warehouses turmeric stocks dropped by 556 tonnes to 1372 tonnes. In Nizamabad, a major spot market in AP, the price ended at 7761.25 rupees dropped -25.65 rupees.

Soyabean trading range for the day is 3010-3110.Soyabean prices ended with losses tracking weakness in spot demand amid increase in supplies in December and January. There is an expectation that the arrivals of soybean in the domestic market keeping the supplies more than the demand. NCDEX accredited warehouses soyabean stocks gained by 1924 tonnes to 122131 tonnes. At the Indore spot market in top producer MP, soybean dropped -7 rupee to 3045 rupee per 100 kgs.

Menthaoil trading range for the day is 984.7-1019.7.Mentha oil spot at Sambhal closed at 1069.20 per 1kg. Spot prices is down by Rs.-2.80-.Mentha oil settled up amid increasing demand in the domestic spot market. Sources mentioned that nearly 14500 MT of mint products were exported in six months of the current financial year. Farmers are keeping most of the stocks in their hands. Most buyers are willing to buy at these levels.

Nickel trading range for the day is 743.6-780.4.Nickel prices dropped as pressure seen on prices after update the global nickel market moved to a surplus. Data showed the global nickel market moved to a surplus of 900 tonnes in October from a deficit of 500 tonnes a month before. News that the Philippines government had cancelled permits for another three mines on environmental grounds did little to support the metal.

Zinc trading range for the day is 178.9-192.7.Zinc prices dropped on profit booking triggered by a rising dollar that cast doubt over demand strength and expectations of tighter supply. There is also idle mine capacity that can be reactivated to alleviate the supply deficit. ILZSG data for January-October shows zinc mine output fell 1.9% to 10.887 million tonnes, a drop of some 205,000 tonnes.

Copper trading range for the day is 379-395.2.Copper prices fell as rising stocks in London Metal Exchange warehouses and signs of softer demand from major consumer China. Upbeat economic data from China suggests demand should be positive next year, but rising inventories put the metal under pressure. Mining companies in Peru, are accelerating their production of copper to take advantage of better prices for the red metal.

Read More - Commodity News

Mentha oil futures flat on muted physical demand

 

Mentha oil futures were flat during morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, trimming of positions by traders in the spot market was due to sluggish physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on significant supplies from producing regions, influenced mentha oil prices at futures trade.

At the MCX, mentha oil futures for December 2016 contract is trading flat at Rs 1,006.80 per kg after opening at Rs 1,006, against the previous closing price of Rs 1,006.80. It touched the intra-day low of Rs 1,004 .

 

Read More -Mentha OIL Updates

Agro Updates - Cardamom futures little changed on rising demand

Cardamom futures were little changed during the morning trade in the domestic market on Thursday as investors and speculators build up fresh positions in the agri-commodity amid surge in physical demand for cardamom in the domestic spot market. Further, insufficient stocks position amid restricted supplies from producing regions, supported the uptrend in domestic cardamom prices. 

At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,200 per kg, up by 0.08 per cent, after opening at Rs 1,210, against a previous close of Rs 1,199. It touched the intra-day high of Rs 1,210 

Read More  - Agro Updates

Silver And Gold Down on weak global cues In the market today

 

Silver futures closed lower in the domestic market on Friday as participants reduced their positions taking weak cues from global market.

At the MCX, Silver futures for September 2016 contract closed at Rs 46,129, per 1 kg, down by 1.34 per cent after opening at Rs 46,626, against the previous closing price of Rs 46,755. It touched the intra-day low of Rs 46,030.

Gold futures closed lower in the domestic market on Friday after spending much of the session trading higher following disappointing economic data from the U.S. and China.

At the MCX, Gold futures for October 2016 contract closed at Rs 31,221, per 10 gram, down by 0.34 per cent after opening at Rs 31,250, against the previous closing price of Rs 31,327. It touched the intra-day low of Rs 31,131.

Mentha oil futures up by 0.39% on rising demand

Mentha oil futures were trading higher during the morning trade in the domestic market on Friday as participants indulged in building up of fresh positions in the agri-commodity amid a rise in physical demand from major consuming industries for mentha oil in the domestic spot market.

Further, an increase in demand for mentha oil futures was attributed to fresh positions build up by traders in the spot market, buoyed prices of mentha oil at futures trade. At the MCX, mentha oil futures for August 2016 contract were trading at Rs 909 per kg, up by 0.39 per cent after opening at Rs 905.10, against the previous closing price of Rs 905.50. It touched the intra-day high of Rs 910 .

Read More - Mentha Oil

India's crop protection industry to be worth $6.3 bn by 2020

 

Indian crop protection industry is estimated to grow by 7.5 per cent per annum to reach USD 6.3 billion by 2020, according to a report by Tata Strategic Management Group.
 

The report 'Next Generation Indian Agriculture - Role of Crop Protection Solutions' was released today by Hukumdev Narayan Yadav, Chairman, Standing Committee of Parliament on Agriculture and Farmers Welfare.

"As per the report, Indian crop protection Industry is estimated at USD 4.4 billion in FY 2014-15 of which 47 per cent are exports. The crop protection industry is expected to grow further at 7.5 per cent per annum to reach USD 6.3 billion by FY 2019-20," the report said as per the PTI.

The industry is dominated by insecticides which contribute to 60 per cent of the overall demand, followed by fungicides and herbicides which account for 18 per cent and 16 per cent of the demand respectively, the company said in a statement.

"Agrochemicals play a critical role in ensuring food and nutrition security of the nation. With estimated 355 million tonnes per annum food grain requirement by 2030 from current 253 million tonnes, efficient usage of crop protection products and solutions for Indian agriculture are the need of the hour," said Manish Panchal, Sr. Practice Head - Chemicals & Energy at Tata Strategic Management Group.

In order to realise the true potential, Industry, Government and Regulatory bodies need to work in tandem and embrace digital technologies to further improve farmer connect, he added.

The report highlights that the Indian agriculture sector is facing critical challenges like reduction in arable land, decreasing farm size, increasing pest attacks, low per hectare yield and a shift towards animal products consumption, all of which are leading to demand outpacing supply in the country's food chain.

"Agrochemicals could play a significant role in overcoming this imbalance," the report said. 

 

Read More - Indian Crop Protection

Agro updates - Cardamom futures Drop on Muted Demand

 

Cardamom futures were trading lower during the morning trade in the domestic market on Tuesday as investors and speculators remained cautious over booking fresh positions in the agri-commodity amid muted physical demand for Cardamom in the domestic spot market.

Further, abundant supplies on higher physical arrivals from the major Cardamom producing belts in the country also exerted downward pressure on domestic Cardamom prices.

At the MCX, Cardamom futures for August 2016 contract is trading at Rs 885.80 per kg, down by 0.55 per cent, after opening at Rs 889.90, against a previous close of Rs 890.70. It touched the intra-day low of Rs 882.

 

Read More - Agro Updates

Commodity Updates - Aluminum surges as demand strengthens

Investors focus returned from safe-haven assets amid rebound in global equities and supply tightening, supported the uptrend in prices of Aluminum futures.

At the MCX, Aluminum futures for June 2016 contract is trading at Rs 107.85 per kg, up by 0.23 per cent, after opening at Rs 108, against a previous close of Rs 107.60. It touched the intra-day high of Rs 108.05

Aluminum futures were trading higher during the morning trade in the domestic market on Friday as participants widened their positions as demand rises amid rebound in global equities.


Read More – Aluminum Updates

Agro updates – IN Agro Market Jeera Ends lower on weak Demand .

 

Jeera prices closed lower by 0.64 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for June 2016 contract closed at Rs. 16,240 per quintal, down by 0.64 per cent, after opening at Rs. 16,360 against the previous closing price of Rs. 16,345. It touched the intra-day low of Rs. 16,175.

Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.

India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey. 

 

Read More - Agro Updates 

Agro Updates - Jeera Ends Lower On Waning Demand

Jeera prices closed lower by 1.56 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for June 2016 contract closed at Rs. 16,105 per quintal, down by 1.56 per cent, after opening at Rs. 16,370 against the previous closing price of Rs. 16,360. It touched the intra-day low of Rs. 16,050.
 

Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.
 

India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.
 

Read More – Jeera Tips.

Jeera Updates - Jeera Closes Higher As Demand Picks UP

 

Jeera prices closed higher by 1.34 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for May 2016 contract closed at Rs. 16,640 per quintal, up by 1.34 per cent, after opening at Rs. 16,310 against the previous closing price of Rs. 16,420. It touched the intra-day high of Rs. 16,990.
 

Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries.
 

Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.
 

Read more – Agro Updates .

Get Agro Updates & free Commodity Calls & Starts Gaining With Us .

Jeera prices closed lower by 0.74 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for May 2016 contract closed at Rs. 16,780 per quintal, down by 0.74 per cent, after opening at Rs. 16,885 against the previous closing price of Rs. 16,905. It touched the intra-day low of Rs. 16,700.

Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.

India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.

Read More - Agro updates 

Sebi To Tweak Settlement Norms To Exclude Only Serious cases

Markets regulator Sebi is considering changes to its settlement norms by bringing in a new provision that would enable settling all 'insignificant' cases without any "market-wide impact" on payment of certain charges.

 

The cases pertaining to serious securities market violations, which may have severe impact on the markets, would be left out of the consent framework, Sebi Chairman U K Sinha said today.

In the consent settlement process, the entity facing a probe by Sebi is subjected to certain fees and restrictions without admission or denial of alleged irregularities, and the regulator thereafter drops its charges and the investigations with a caveat that all disclosures made to it are correct. The case can still be re-opened if some new facts come up later.

In the past, Sebi has refused consent settlement in some big cases including one Reliance IndustriesBSE -0.30 % and its erstwhile subsidiary Reliance Petroleum for alleged insider trading.

After Sebi refused to allow consent settlement, the Mukesh Ambani-led company had challenged the decision at the SAT, but its plea was rejected there also. Sebi is yet to pass its order in this case and believe that the changes in settlement norms may pave the way for RIL to make a fresh attempt at settlement process. 

 

Read More -  SEBI Certified Company

Top Headlines For Todays Stock Market

                                                         Stock Market Headlines

• Sensex, Nifty open weak; Adani Ports falls 5%, Hindalco down.
• Jindal brothers sign $976 million power deal .
• Asian markets mostly lower, ASX down 1.2%, HK down 1%.
• Wall Street loses ground on growth fears, oil slide .
• Global sell-off a passing phase, rally to resume later .
• Trump wins Indiana primary; becomes GOP presumptive nominee .
• Brexit could 'loom large' over June policy meeting: Lockhart .
• GST, land reforms key to boost India's economic growth:
• See Brent at $50/bbl by year-end; weak $ to aid gold rally.
• Bulls Eye: Buy HDIL, Jet Airways, Voltas, Tata Comm, Biocon .
• Stocks in news: JSW Energy, JSPL, NTPC, Future Retail, IFCI.
• Are IPOs back in vogue? So far 2016 has been a mixed bag.
• Call drops: Telecom companies under heavy debt, SC told .
• MRF Q4 net profit up 13% to Rs 376 crore .
• Proposal to ensure air ticket for Rs 2,500 for 1-hr journeys .
• Nawaz Sharif vows to quit if proved guilty in Panama case.
• Read More - Stock Tips

Agro updates - Jeera Ends Lower On Sluggish Demand

Jeera prices closed lower by 0.89 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for May 2016 contract closed at Rs. 16,785 per quintal, down by 0.89 per cent, after opening at Rs. 16,915 against the previous closing price of Rs. 16,935. It touched the intra-day low of Rs. 16,720.
 

Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.
 

India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.

 

Read More - Agro updates .

Agro Updates - Jeera Closes Higher As Traders Increased Holdings

Jeera prices closed higher by 3.45 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for May 2016 contract closed at Rs. 17,075 per quintal, up by 3.45 per cent, after opening at Rs. 16,600 against the previous closing price of Rs. 16,505. It touched the intra-day high of Rs. 17,120. 

 

Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries.
 

Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.

 

Read More - Jeera Updates

Agro Updates - Maize Ends Higher On Rise in Demand

Maize prices closed higher by 1.07 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At the NCDEX, maize futures for May 2016 contract closed at Rs. 1,223 per quintal, up by 1.07 per cent, after opening at Rs. 1,210 against the previous closing price of Rs. 1,210. It touched the intra-day high of Rs. 1,234  Commodity markets were closed on April 19, 2016 on account of Mahavir Jayanti.

 

USA, China and Brazil are the top three maize producing countries in the world while the prominent exporters of maize are USA, Argentina and Brazil. Chief importers are Japan, EU, Malaysia, Taiwan, Indonesia etc.

 

Read More - Agro Updates 

!3 April Stock Market Top Headlines:-

                                                          Stock Market Headlines

• Crude rally is a hope rally, may not sustain itself:
• Paytm, MobiKwik, Oxigen watch out! UPI set to eat up your lunch
• India's exports may settle at $50-260 bn in 2015-16
• Panama raids offices of Mossack Fonseca law firm
• Foreign, PE players eye Lafarge's India assets: Sources
• Better monsoon to help co achieve 10-15% growth: PI Industries
• Japanese consortiums bid for GAIL's $7 bn tender
• Wipro to consider buyback of equity shares on April 20
• Stocks in news: L&T, Wipro, Shilpa Medicare, Madhucon, Cairn
• SC asks IBA, FinMin to respond to loan default case
• Monsoon to be above avg; 94% chance of normal-excess rains: IMD
• L&T Finance to raise Rs 750 cr via NCDs
• Customs dept imposes Rs 33 cr fine on Tata Sponge Iron
• Fed's Williams says two or three US rate hikes 'reasonable'
• Govt asks BHEL to take initiatives for power sector
• India to appeal against WTO panel ruling in solar case 
• Read More - Stock Tips

Sufficient Agri production Despite of Adverse circumstances: Singh

Union Agriculture & Farmers Welfare Minister, Radha Mohan Singh on Monday said that government is taking concrete steps to remove debt problems of the farmers.

 

“The government has increased Agricultural Credit target Rs. 9 lakh crore for the year 2016-17 to bring the farmers within institutional fold, adding that government is taking long term measures to remove the problems of the farmers,” he said while speaking at two days Kharif Conference being held at NASC-ICAR Institute Pusa, New Delhi.

The Agriculture Minister informed that it is for the first time that the representatives of agriculture and related sectors have been invited for the conference. Shri Singh observed that inspite of a severe loss to the crops owing to unseasonable rainfall, hailstorm and other natural calamities, the whole food grain production which was 252.02 million tons in 2014-15 as per advance estimate (15.2.2016), it has been increased to 253.16 million tones on 2015-16.

Speaking at the occasion he said that, the government has to double the farmers income in the next five years as is announced in the budget 2016-17. Hon’ble Prime Minister has suggested 7 points to achieve the target.

The Government has increased budgetary provision in irrigation sector. Government aims at ‘more crop per drop’. Government policy is focused on water preservation and irrigation. Government is working hard to increase the productions of other crops alongwith paddy and oilseeds.

Government has decided last year to produce only neem coated urea so that plants get nutrients easily. Rs 20,000 per acre are being provided to the farmers to encourage them to adopt organic farming.

To increase the income of farmers by reducing their marketing expenditure: A national agriculture market is being set up for electronic trading. In this programme, 585 agriculture mandis of India will be connected to each other. The farmers will get maximum price of their crops and the interference of mediators will be reduced to a greater extent. Direct foreign investment is also being encouraged in this field. 

 

Read More - Agro Updates .

Agro Updates - Jeera Ends lower on weak Demand

Jeera prices closed lower by 1.8 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for April 2016 contract closed at Rs. 16,115 per quintal, down by 1.8 per cent, after opening at Rs. 16,400 against the previous closing price of Rs. 16,410. It touched the intra-day low of Rs. 16,085.

Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.
 

India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.

 

Read More - Jeera Tips