Mustard Seed After Prices Gained On Hopes Of Meal Demand From China

Rmseed trading range for the day is 3931-3971.

Mustard seed after prices gained on hopes of meal demand from China as it refused shipment from Canada.

Further, higher procurement by National Agricultural Cooperative Marketing Federation of India limited the fall in prices.

NAFED had procured 754,707 tn mustard harvested in 2018-19, higher than 672,300 tn procured a week ago under the price support scheme.

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Silver Ended With Gains As A Weaker Dollar And Heightened Tensions

Silver trading range for the day is 37800-38328.

Silver ended with gains as a weaker dollar and heightened tensions between the United States and Iran underpinned the precious metal.

While U.S. President Donald Trump said he was not seeking war with Tehran, U.S. Secretary of State Mike Pompeo said "significant" sanctions on Tehran.

US home sales jumped 2.5% in May, as lower mortgage rates appeared to help buyers overcome affordability challenges.

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Chana Trading Range For The Day Is 4491-4721

Chana trading range for the day is 4491-4721.

Chana prices gained due to strong buying by the government agencies and tight supply.

NAFED procured 261,953.94 tons of gram in Telangana, Rajasthan, Maharashtra, Madhya Pradesh, Andhra Pradesh and Gujarat under PSS

India has issued a combined 6,50,000 tons import quota for pulses for the fiscal year to March 2020, a government order said.

In Delhi spot market, chana gained by 89.85 Rupees to end at 4498.35 Rupees per 100 kgs.

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Turmeric Trading Range For The Day Is 6280-6428

Turmeric trading range for the day is 6280-6428.

Turmeric ended with losses due to improving supplies in all the producing centres and projection of higher 2018-19 output.

Prices also seen under pressure on higher supplies prospects from new season crop.

However, downside seen limited on the back of concerns that drought conditions and cold weather will affect the crop production.

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Crude Palm Oil Gained Tracking Firmness In Spot Demand And Overseas

CPO trading range for the day is 561.2-577.2.

Crude palm oil gained tracking firmness in spot demand and overseas prices bolstered by stronger related edible oils and on expectations of weaker output.

Output in Malaysia, fell 3.9 percent to 1.74 million tonnes last month, data from the Malaysian Palm Oil Board showed.

Malaysia kept its export duty on crude palm oil for March at zero percent, according to a circular on the Malaysian Palm Oil Board's website.

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Jeera Prices Dropped On Account Of Reports Of Progress

Jeera trading range for the day is 15315-15715.

Jeera prices dropped on account of reports of progress in harvesting activities in the main producing regions of Gujarat and Rajasthan.

There are expectations that the production may be good on assure irrigation to Gujarat farmers.


NCDEX accredited warehouses jeera stocks gained by 21 tonnes to 60 tonnes.

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Turmeric Dropped On Expectations Of Increase In Arrivals

Turmeric trading range for the day is 6322-6450.

Turmeric dropped on expectations of increase in arrivals at the spot markets in the coming days with better moisture content.

Fresh arrivals are expected to increase at the spot market and will remain peak due to the harvesting activities.

NCDEX accredited warehouses turmeric stocks gained by 10 tonnes to 70 tonnes.

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Rmseed Prices Gained Amid Reports On Diminishing Stocks

Rmseed trading range for the day is 3913-4055.

Rmseed prices gained amid reports on diminishing stocks with farmers.

India’s mustard acreage is likely to rise 6.5% on year to 6.7 mln ha in 2018-19, as per the estimates.

NCDEX accredited warehouses mustard seed stocks dropped by 516 tonnes to 5686 tonnes.

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Chana Prices Gained On Short Covering After Prices Dropped Due To Weak

Chana trading range for the day is 4164-4286.

Chana prices gained on short covering after prices dropped due to weak demand and abundant supplies in the physical market.

Chana acreage registered a fall of 10% on year to 9.6 million hectares due to lower monsoon rains in major producing centres.

NCDEX accredited warehouses Chana stocks dropped by 229 tonnes to 7485 tonnes.

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Ref.Soya Oil Prices Ended With Gains On Persistent

Ref.Soya oil trading range for the day is 756-778.

Ref.Soya oil prices ended with gains on persistent demand in spot markets.

Lower imports in the first two months of the current oil year amid rising seasonal demand lent support to prices.

India imported 289,000 tons soyoil during November-December 2018 as against 353,000 ton a year, showed data.

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Chana Gained On Short Covering After Prices Dropped Due To Reports

Chana trading range for the day is 4189-4305.

Chana gained on short covering after prices dropped due to reports of higher stocks available with the government agencies.

Area under chana is lagging and supplies are dwindling in the country due to lower imports and good consumption.

NCDEX accredited warehouses Chana stocks dropped by 232 tonnes to 11170 tonnes.

 

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