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

Rmseed trading range for the day is 4074-4132.

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

India's Nov-Aug rapeseed oil imports slipped to 59,171 tons from 2.29 lakh tons a year ago due to higher prices in the global markets.

NAFED had procured around 1.08 million tonnes mustard seed harvested in 2018-19 under a price-support scheme.

In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 4353.3 Rupees per 100 kg.

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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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Jeera Prices Dropped Due To Sufficient Availability And Prospects

Jeera trading range for the day is 16840-17090.

Jeera prices dropped due to sufficient availability and prospects of good crop next season.

The sentiments are bearish as the winter crop output is seen robust due to adequate rains.

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

In Unjha, a key spot market in Gujarat, jeera edged down by -16.2 Rupees to end at 17338.45 Rupees per 100 kg.

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Turmeric Settled Up On Crop Loss Apprehensions In Sangli Area Of Maharashtra

Turmeric trading range for the day is 6682-6874.

Turmeric settled up on crop loss apprehensions in Sangli area of Maharashtra.

Further, likely damage in Maharashtra may be compensated by better yield in southern states.

In Tamil Nadu, Turmeric growing regions lower rainfall reported, till now only 45-50% sowing completed.

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Mustard Seed Dropped As Demand From Millers Was Weak In Physical Market

Rmseed trading range for the day is 3921-3953.

Mustard seed dropped as demand from millers was weak in physical market amid increase in arrivals.

As per data released by MOPA, with the new season arrivals is just above 50 lt.

USDA maintain export forecast of rapemeal to 9 lt and output in 2019/20 at 77 lt in its monthly report.

In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 4076.5 Rupees per 100 kg.

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Mentha Oil Spot At Sambhal Closed At 1457.30 Per 1kg. Spot Prices

Mentha oil trading range for the day is 1309.9-1359.3.

Mentha oil spot at Sambhal closed at 1457.30 per 1kg. Spot prices was down by Rs.-8.20/-.

Mentha oil dropped on profit booking after prices gained as low level buying seen ahead of demand season starts in August.

There were estimations of a 20-25% rise in sowing in 2019 versus last year.

Due to improving exports prospects, estimates for ending stocks has been reduced even lower than previous year.

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Ref Soyoil Dropped On Profit Booking After Prices Gained

Ref.Soya oil trading range for the day is 743-765.

Ref soyoil dropped on profit booking after prices gained tracking improving physical demand against lower stocks at the ports.

Soyoil imports down 22.8% to 2.23 lt in Jun compared to 2.90 lt last year same month.

Overall, imports are down 4.80% for the first eight months of OY 2018/19 at 16.92 lt compared to last year same period.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 756.3 Rupees per 10 kgs.

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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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