Mentha oil Is Trading Higher During Todays trade

 

Mentha oil futures were trading higher during morning trade in the domestic market on Tuesday as investors and speculators build up fresh bets in the agri-commodity amid rise in physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, widening of positions by traders in the spot market was led by rise in physical demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from producing regions, supported mentha oil prices at futures trade.

At the MCX, mentha oil futures for December 2016 contract is trading at Rs 1,010.60 per kg, up by 0.53 per cent, after opening at Rs 1,005.90, against the previous closing price of Rs 1,005.30. It touched the intra-day high of Rs 1,014.70.

 

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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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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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Cardamom were trading Higher During the Morning trade

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 1138.90 per kg, up by 1 per cent, after opening at Rs 1135.10, against a previous close of Rs 1127.60. It touched the intra-day high of Rs 1144 .

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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 

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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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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 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.

 

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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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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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Agro Update - Cardamom Rises 2.93 pct on Bullish Demand.

Cardamom prices rose by 2.93 per cent on Thursday early morning market at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. Further, restricted supply from major producing belt added to the rise in price.

At MCX, Cardamom futures for May 2016 contract were trading at Rs 833 per kg, up by 2.93 per cent, after opening at Rs. 833 against the previous closing price of Rs. 809.30. It touched the intra-day high of Rs. 833 till the trading.The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.

 

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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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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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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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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.

 

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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.

 

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Mustard Seed Ends lower On Sluggish Demand

Mustard Seed prices closed lower by 1.4 per cent on Wednesday 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. 4,518 per quintal, down by 1.4 per cent, after opening at Rs. 4,629 against the previous closing price of Rs. 4,582. It touched the intra-day low of Rs. 4,480. 

 

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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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. 

 

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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.

 

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Agro updates - Chana Ends Higher On Restricted Stocks.

Chana prices closed higher 3.45 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. At the NCDEX, chana futures for April 2016 contract closed at Rs. 5,100 per quintal, up by 3.45 per cent, after opening at Rs. 4,972 against the previous closing price of Rs. 4,930. It touched the intra-day high of Rs. 5,127.

 

Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices.

 

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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.