Sluggish physical demand drags down mentha oil futures by 0.52%

 

Mentha oil futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the agri-commodity amid slide in 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 fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions, influenced mentha oil prices at futures trade.

At the MCX, mentha oil futures for February 2017 contract is trading at Rs 1039.50 per kg, down by 0.52 per cent, after opening at Rs 1046.60, against the previous closing price of Rs 1044.90. It touched the intra-day low of Rs 1038.60.

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Mentha oil futures little changed on muted physical demand

Mentha oil futures were little changed during morning trade in the domestic market on Friday 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 fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions, influenced mentha oil prices at futures trade.

At the MCX, mentha oil futures for February 2017 contract is trading at Rs 1002.90 per kg, down by 0.02 per cent, after opening at Rs 1005.30, against the previous closing price of Rs 1003.10. It touched the intra-day low of Rs 1001.

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Muted demand drags down mentha oil futures by 0.45% in market

Mentha oil futures were trading lower during morning trade in the domestic market on Friday as investors and speculators remained on the sidelines in the agri-commodity amid slide in 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 fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions, influenced mentha oil prices at futures trade.

At the MCX, mentha oil futures for January 2017 contract is trading at Rs 1038 per kg, down by 0.45 per cent, after opening at Rs 1042, against the previous closing price of Rs 1042.70. It touched the intra-day low of Rs 1037.40 .

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Agro Updates - Cardamom futures slip on sluggish physical demand

Cardamom futures fell during the morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the agri-commodity amid fall in physical demand for cardamom in the domestic spot market.

Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, too influenced the downtrend in the domestic cardamom prices.

At the MCX, cardamom futures for January 2017 contract is trading at Rs 1,352 per kg, down by 0.16 per cent, after opening at Rs 1,345, against a previous close of Rs 1,354.20. It touched the intra-day low of Rs 1,345.

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Mentha Oil Futures Drop 3.80% on Diminishing Demand

Mentha oil futures were trading lower during the morning trade in the domestic market on Wednesday as participants trimmed their positions in the agri-commodity amid fall in physical demand for mentha oil from major consuming industries in the domestic spot market.

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

At the MCX, mentha oil futures for November 2016 contract were trading at Rs 937.20 per kg, down by 3.80 per cent after opening at Rs 969.10, against the previous closing price of Rs 974.20. It touched the intra-day low of Rs 936.


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Today Cardamom futures zoom 3% as demand picks up

 

Cardamom futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators build up fresh positions in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices.

At the MCX, cardamom futures for November 2016 contract is trading at Rs 1318.50 per kg, up by 3 per cent, after opening at Rs 1299, against a previous close of Rs 1280.10. It touched the intra-day high of Rs 1318.50.

 

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Agro updates - Cardamom futures Rise on pickup in demand

Cardamom futures were trading higher during the morning trade in the domestic market on Wednesday as investors and speculators build up fresh positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market. Further, insufficient supplies amid restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices.

At the MCX, cardamom futures for October 2016 contract is trading at Rs 1136 per kg, up by 0.40 per cent, after opening at Rs 1128, against a previous close of Rs 1131.50. It touched the intra-day high of Rs 1136

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Mentha oil futures drags down by 1.01% by Muted Demands

 

Mentha oil futures were trading lower during the morning trade in the domestic market on Monday as participants indulged in offloading their positions in the agri-commodity amid fall in physical demand from major consuming industries for mentha oil in the domestic spot market.

Further, a drop in demand for mentha oil futures was attributed to cut down of bets by traders in the spot market, influenced prices of mentha oil at futures trade.

At the MCX, mentha oil futures for September 2016 contract were trading at Rs 889.10 per kg, down by 1.01 per cent after opening at Rs 895, against the previous closing price of Rs 898.20. It touched the intra-day low of Rs 888.80.

 

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Today Cardamom futures dip 0.32% on Sluggish Demand At the Market

 

Cardamom futures were trading lower during the morning trade in the domestic market on Tuesday as speculators trimmed their positions in the agri-commodity amid a decline in physical demand for cardamom in the domestic spot market. Further, sufficient supplies amid higher physical arrivals from the major cardamom producing belts in the country too exerted downward pressure on domestic cardamom prices. 

 

At the MCX, Cardamom futures for August 2016 contract is trading at Rs 953 per kg, down by 0.32 per cent, after opening at Rs 953, against a previous close of Rs 956.10. It touched the intra-day low of Rs 948.20.

 

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Agro Updates - Cardamom futures up on strong Demand

 

Cardamom futures were trading higher during the morning trade in the domestic market on Tuesday after speculators widened their positions supported by rising demand in the spot market.

Further, restricted supplies from producing regions and rising domestic as well as export demand in the spot market also fuelled the uptrend. 

 

At MCX, Cardamom futures for August 2016 contract is trading at Rs 936.40 per kg, up by 0.11 per cent, after opening at Rs 937, against a previous close of Rs 935.40. It touched the intra-day hiigh of Rs 938.

 

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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. 

 

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Agro Update – Today Cardamom Rises on pick up in Demand In Domestic market

Cardamom futures were trading higher during the morning trade in the domestic market on Thursday as traders widened their positions led by rise in demand in the spot market.

Further, rise in demand in the spot market amid restricted supplies from producing regions following end of the harvesting season, too fuelled the uptrend.

At the MCX, Cardamom futures for July 2016 contract is trading at Rs 862.70 per kg, up by 0.28 per cent, after opening at Rs 862, against a previous close of Rs 860.30. It touched the intra-day high of Rs 864.

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SEBI Updates - SEBI Pitches India To Silicon Valley Investors

 

The Head of India`s financial markets regulator visited Silicon Valley this week to promote rule changes in his country protecting minority shareholders and encourage more investment in his country`s thriving technology startups.

U.K. Sinha, chairman of the Securities and Exchange Board of India (SEBI), said improved regulations make it much easier for investors in the country`s over-4,000 technology startups to eventually cash out through initial public offers in Asia`s third-largest economy.

"The technology startup scene in India has picked up dramatically," Sinha told Reuters in an interview on Thursday. "A lot of investment has taken place in those companies from Silicon Valley. The question is how they exit, and what is the minority shareholder protection available to them?"

A 2013 overhaul of India`s corporate governance rules clamped down on related-party transactions benefiting majority shareholders. It also beefed up the role of independent directors and audit committees on company boards.Minority shareholders in India now have stronger rights than in the United States, Sinha said.

In Silicon Valley, corporate governance can be a thorny issue. In April, Facebook said it would create a new class of non-voting shares so that Chief Executive Officer Mark Zuckerberg could give away his wealth without relinquishing control of the social media juggernaut he founded.

 

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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.
 

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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.
 

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Mustard Seed Ends Lower On Sluggish Demand

Mustard Seed prices closed lower by 1.94 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for May 2016 contract closed at Rs. 4,347 per quintal, down by 1.94 per cent, after opening at Rs. 4,421 against the previous closing price of Rs. 4,433. It touched the intra-day low of Rs. 4,331.

Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity.

EU-27 accounts to about 34 per cent of worlds RM seed production, others major producers are China (23 per cent), Canada (19 per cent), India (14 per cent), Australia (3 per cent), Ukraine (2 per cent). India produces 5.5 million MT to7 million MT annually.

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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.

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Top Headlines For Todays Stocks Market .

                                                                   Stock Market Headlines

• Macro data, quarterly results key to stock market this week .
• Asian shares trade mixed, Nikkei gains 1%, Kospi, ASX near-flat .
• Sebi expands probe into financial dealings of Mallya firms.
• Weak jobs data may have pushed US Fed hike to September.
• Will make list of wilful defaulters public: RBI Governor.
• ITC up over 2% on progressive resumption of cigarette factories .
• GDP growth slowing; official data counter-intuitive: Ambit .
• Stocks in news: Siemens, ITC, Arvind, SBI, Power Grid, ONGC.
• Have fully complied with AQR norms but NPA pain not over .
• Thyrocare to make stock market debut today.
• MGL IPO in pipeline this month; to raise Rs 1,200 cr .
• E-commerce sector to see $120bn revenue by 2020: Study.
• Home prices hit roof but affordability also at its best: HDFC .
• Maruti plans to widen auto gear shift portfolio .
• Lakshmi Vilas Bank draws up plan to revitalise business .
• Honda to recall 20 million more Takata airbags:
• Samsung to launch two new mid-range phones today in India .
• Financial plan with difference for a special child. 
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Agro Updates - Chana Ends lower on Higher Arrivals

Chana prices closed lower by 2.19 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for May 2016 contract closed at Rs. 5,399 per quintal, down by 2.19 per cent, after opening at Rs. 5,487 against the previous closing price of Rs. 5,520. It touched the intra-day low of Rs. 5,355.
 

India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.
 

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Agro Tips - Maize Closes Lower On High Selling Pressure

Maize prices ended lower by 0.16 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. At the NCDEX, maize futures for May 2016 contract closed at Rs. 1,242 per quintal, down by 0.16 per cent, after opening at Rs. 1,246 against the previous closing price of Rs. 1,244. It touched the intra-day low of Rs. 1,241.
 

Sentiment weakened further as a result of a decline in the demand for the commodity from bio-fuel making industries tracking the weak global markets.
 

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.

 

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