Cotton Gained On Short Covering After Prices Dropped Due To Improved Sowing

Cotton trading range for the day is 19500-20440.

Cotton gained on short covering after prices dropped due to improved sowing, higher imports and weak international prices.

Indian cotton production for the 2019-20 season is seen at 29 million 480 lb bales, down 1% from earlier estimates.

Area in Gujarat under cotton is higher as on 29-Jul-19 at 23.76 lakh ha compared to 25.5 lakh ha last year.

Cotton prices in spot market gained by 100.00 rupees and settled at 20020.00 rupees.

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Turmeric Prices Dropped On The Back Of Fresh Season Arrivals

Turmeric trading range for the day is 6522-6742.

Turmeric prices dropped on the back of fresh season arrivals and good production prospects.

Pressure also seen as some good quality produce is also arriving for sale in Erode market.

Worries over El Nino conditions have eased and there are indications of another year of robust monsoon rain.

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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 Dropped Pressured By Weaker Spot Demand

CPO trading range for the day is 546.7-554.1.

Crude palm oil dropped pressured by weaker spot demand and forecast that Malaysia’s February palm output will be higher than usual.

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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Cotton Prices Gained On Reports Of Lower Than Expected Production Prospects

Cotton trading range for the day is 20420-20780.

Cotton prices gained on reports of lower than expected production prospects in the country.

India's cotton production is expected to dip by 7% due to insufficient rainfall in major growing regions.

ICAC stated that India's cotton production is expected to dip by 7% due to insufficient rainfall in major growing regions.

Cotton prices in spot market dropped by 130.00 rupees and settled at 20240.00 rupees.

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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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Cotton Dropped On Profit Booking After Prices Gained Amid

Cotton trading range for the day is 20560-20880.

Cotton dropped on profit booking after prices gained amid reports of lower production from major producing regions during current year.

Cotton Association of India cuts 2018-19 production estimate by 5.25 lakh bales this month to 335 lakh bales for the year 2018-19.

The CAI has reduced the crop estimate for Gujarat by 1.50 lakh bales and for Maharashtra and Telangana by 2 lakh bales each.

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