Turmeric Trading Range For The Day Is 6294-6670

Turmeric trading range for the day is 6294-6670.

Turmeric prices gained in anticipation of the declaration of minimum support price for the spice by Andhra Pradesh.

Prices have increased at a time when the spice industry is waiting for a fresh harvest in February-March.

The next crop is expected to be a good one as sowing has increased in Telangana, Andhra Pradesh and Maharashtra because of good rains.

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Ref.Soya Oil Trading Range For The Day Is 889-947

Ref.Soya oil trading range for the day is 889-947.

Ref soyoil ended with losses on profit booking amid sufficient stocks in domestic market and weak demand in physical.

India’s November edible oil stocks at ports and pipelines fell 14.97 percent m-o-m to 15.11 lakh tons

U.S. November soybean crush fell by 7.56 percent m-o-m to 164.909 million bushels from 178.397 million bushels in Ocotber 2019, NOPA said.

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Jeera Ended With Losses On Expectations Of Higher Acreage Due To Favorable Rains

Jeera trading range for the day is 15860-16200.

Jeera ended with losses on expectations of higher acreage due to favorable rains in key growing regions.

However, due to incessant rains in the production belts of Jeera, sowings have been delayed by 20- 30 days in the ongoing Rabi sowing season.

India exported 1.39 Lakh tonnes in 2019-20 an increase of 15% from the same period of last year.

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Turmeric Trading Range For The Day Is 6502-6926

Turmeric trading range for the day is 6502-6926.

Turmeric prices gained amid loss to standing crop due to excessive rains in some parts of the country.

Tamil Nadu government to procure turmeric at decent prices to help the farmers as prices have fallen to one-third of the prices a few years ago.

The reason being is that the yield in the current 2019-20 is seen higher due to favourable rains in the key producing states.

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Ref.Soyaoil Prices Gained On Increased Buying Tracking Firm Trend

Ref.Soya oil trading range for the day is 857-889.

Ref.Soyaoil prices gained on increased buying tracking firm trend in soybean prices.

India’s oil year 2018-19 edible oil imports rose 2.73 percent y-o-y to 14.91 MMT from 14.52 MMT in oil year 2017-18.

Export of soymeal from India during April-October of the current fiscal slipped 31% to 3.89 lakh due to higher prices of bean

At the Indore spot market in Madhya Pradesh, soyoil was steady at 861.65 Rupees per 10 kgs.

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Mustard Seed Prices Gained As Support Seen After Revival Of Fresh Buying

Rmseed trading range for the day is 4449-4511.

Mustard seed prices gained as support seen after revival of fresh buying by millers in physical to meet the likely demand of mustard oil.

Mustard seed crushing by mills in India jumped 22.2% on year to 550,000 tn in November

Currently, high moisture level in the soil due to prolonged rains in most part of India is likely to delay sowing of Mustard.

In Alwar spot market in Rajasthan the prices gained 64.35 Rupees to end at 4694.5 Rupees per 100 kg.

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Crude Palm Oil Ended With Losses On Profit Booking After Prices Gained

CPO trading range for the day is 631.2-654.8.

Crude palm oil ended with losses on profit booking after prices gained as the Malaysia’s output in October unexpectedly dropped.

The Malaysian Palm Oil Board announced on Monday that stockpiles and production in October unexpectedly dropped.

Stockpiles stood at 2.3 million tonnes at the end of October, down 4.1% from the previous month.

Crude palm oil prices in the spot market dropped by 0.80 rupees and settled at 637.50 rupees.

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Turmeric Prices Gained On Fears Of Delay In Harvesting And Weak Supplies

Turmeric trading range for the day is 5796-6104.

Turmeric prices gained on fears of delay in harvesting and weak supplies.

The total area sown under turmeric in Telangana was at 48,315 hectare in the current 2019-20 season

At the Erode Turmeric Merchants Association Sales yard, finger turmeric was sold at Rs 5,700-7,269 a quintal

In Nizamabad, a major spot market in AP, the price ended at 6100 Rupees gained 50 Rupees.

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Jeera Dropped On Profit Booking After Prices Gained On Good Export Demand Hopes

Jeera trading range for the day is 16140-16680.

Jeera dropped on profit booking after prices gained on good export demand hopes as output in Syria and Turkey.

Currently, export demand is almost zero and production is expected to increase in the coming season.

As per data arrivals of jeera in Gujarat is about 30,000 tn compared to 7,500 tn last year same period.

In Unjha, a key spot market in Gujarat, jeera edged up by 11.05 Rupees to end at 16643.75 Rupees per 100 kg.

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Turmeric Trading Range For The Day Is 5938-6254

Turmeric trading range for the day is 5938-6254.

Turmeric dropped on profit booking after prices gained as buyers are active as crop loss in Maharashtra, Karnataka and Tamil Nadu is also reported to be low.

Turmeric sowing reported 12,583 hectares as compared to 17,602 hectares in the corresponding period last year.

The average supply of turmeric in Duggirala market in Andhra Pradesh is around 5,000-6,000 quintals per day.

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Ref Soyoil Settled Flat On Hopes Of Higher Demand For Biodiesel

Ref.Soya oil trading range for the day is 753-761.

Ref soyoil settled flat on hopes of higher demand for biodiesel.

Also prediction of rains in Maharashtra during the next two days aided the uptrend.

India’s September edible oil stocks at ports and pipelines fell 11.75 percent m-o-m to 18.02 lakh tons from 20.42 lakh tons in August 2019.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 753.75 Rupees per 10 kgs.

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Mustard Seed Gained As Sowing Of Mustard Seed Has Been Delayed

Rmseed trading range for the day is 4168-4308.

Mustard seed gained as sowing of mustard seed has been delayed due to late harvesting of kharif crops because of extended monsoon rains.

Hopes of hike in MSP for the next season also had a bullish impact on prices.

Minimum support price for mustard seed, is likely to be hiked to Rs 4,425 from Rs 4,200 a quintal.

In Alwar spot market in Rajasthan the prices gained 12.9 Rupees to end at 4346.9 Rupees per 100 kg.

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Jeera Prices Dropped Amid Prospects Of Good Crop Next Season

Jeera trading range for the day is 16200-16460.

Jeera prices dropped amid prospects of good crop next season.

Pressure also seen because of high moisture content in the spice, due to rainfall in the key producing areas of Gujarat.

Overall, the export of Jeera has dropped 6.4% in the first quarter of FY20 to 71,000 compared to 75,800 tn in the same period last fiscal.

In Unjha, a key spot market in Gujarat, jeera edged down by -85.6 Rupees to end at 16585 Rupees per 100 kg.

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Turmeric Trading Range For The Day Is 5664-5896

Turmeric trading range for the day is 5664-5896.

Turmeric prices dropped on better crop prospects amid weak export demand from Iran.

As per Andhra Pradesh Govt, Turmeric sowing reported 10,345 hectares as compared to 17,640 hectares in the corresponding period last year.

The total area sown under turmeric in Telangana was at 48,315 hectare in the current 2019-20 season, slightly up from 47,790 hectare

In Nizamabad, a major spot market in AP, the price ended at 5964.3 Rupees dropped -19.05 Rupees.

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Soyabean Gained On Fears Of Damage To Standing Crops Due To Prediction

Soyabean trading range for the day is 3616-3690.

Soyabean gained on fears of damage to standing crops due to prediction of heavy rains over Madhya Pradesh.

Crop loss in Madhya Pradesh and bleak yield expectation from Rajasthan will reduce India's soybean output to around 95-100 lakh tonnes.

Indian soymeal exports, facing a stiff competition from its North American and South American peers.

At the Indore spot market in top producer MP, soybean remains unchanged at 0 Rupees to 3771 Rupees per 100 kgs.

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Turmeric Prices Gained Amid Fears Of Loss To Standing Crop

Turmeric trading range for the day is 6134-6370.

Turmeric prices gained amid fears of loss to standing crop due to excessive rains in some parts of the country.

As per Andhra Pradesh Govt, Turmeric sowing reported 10,345 hectares as compared to 17,640 hectares in the corresponding period last year.

The total area sown under turmeric in Telangana was at 48,315 hectare in the current 2019-20 season, slightly up from 47,790 hectare.

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Mustard Seed Dropped Due To Expectation Of Rise In Mustard Seed

Rmseed trading range for the day is 3911-3971.

Mustard seed dropped due to expectation of rise in mustard seed acreage in upcoming sowing season.

Mills in India crushed 575,000 tn of mustard seed in August, up by 15% higher compared to previous month

USDA has scaled down its estimate for global oilseed production in 2019-20 to 586.0 mln tn from 597.7 mln tn

In Alwar spot market in Rajasthan the prices dropped -6.45 Rupees to end at 4121.55 Rupees per 100 kg.

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Turmeric Prices Dropped Due To Sufficient Stocks Arriving In The Market

Turmeric trading range for the day is 6254-6666.

Turmeric prices dropped due to sufficient stocks arriving in the market coupled with expectation of good production

However, downside seen limited due to lower sowing area in Tamil Nadu due to deficient rainfall.

Indian turmeric exports have been hit by the US sanctions against Iran, the largest buyer of the spice from India.

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CPO Trading Range For The Day Is 550.3-561.3

CPO trading range for the day is 550.3-561.3.

Crude palm oil dropped on short covering after prices gained due to higher tariff value and reports of possible increase in import duty.

According to SEA, palm oil exports up by 47.7% on year in July at 8.13 lt in July while overall palm oil imports are up by 13% on year.

Indonesia's palm oil production and exports in July are likely to shrink from a month earlier.

Crude palm oil prices in the spot market gained by 2.30 rupees and settled at 557.50 rupees.

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Soyabean Prices Dropped As Pressure Seen On Expectation Soybean Yield

Soyabean trading range for the day is 3521-3655.

Soyabean prices dropped as pressure seen on expectation soybean yield is likely to increase in Madhya Pradesh.

Soybean acreage is reported at 112.51 lakh hectares as compared to 111.49 lakh hectares last year same period.

As per the Fourth advance crop estimates 2018-19, Soybean production is estimated at 137.86 lakh tonnes as against 109.33 lakh tonnes in 2017-18.

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