Commodity overview: Jeera ends low as demand went down 2 Mar, 2016

Jeera prices ends low by 1.18 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a rush in the supply from the producing areas in the midst of a decline in the export requirement. Click for Commodity tips

NCDEX : Jeera futures for March 2016 contract ended at Rs. 13,815 per quintal, down by 1.18 per-cent, after opening at Rs. 13,950 against the previous ending price of Rs. 13,980. It attained the intra-day low of Rs. 13,770.

World wide outcome of Jeera is nearly 2.2 lakh MT per year, of which India produces around 1.5 lakh MT per year.

India exports Jeera especially to the countries - US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Besides this, other Major exporters are Syria & Turkey.

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Ncdex Jeera closes high 5 Feb, 2016

Ncdex Jeera prices ended high by 1 per-cent on yesterday 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, March 2016 contract  for jeera futures closed at 13,685 rs per quintal, up by 1 per cent, after unlocking at Rs. 13,680 against the previous ending price of Rs. 13,550. It attained the intra-day high of 13,890.

Sentiment improved further as a result of decreased local supplies in the physical markets and some export enquiries.

World wide output of Jeera is near 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. India exports Jeera mainly to the UK, US, UAE, Japan, Brazil, Bangladesh, Singapore and other countries. Besides this, other major exporters are Syria & Turkey.

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Today prices of Jeera & Chana ends high 21 Dec, 2015

Jeera prices ended high by 0.31% on Friday last week at the NCDEX as the investors increased their holdings in the commodity in the midst limited arrivals from emerging areas. 

NCDEX : January 2015 contract  for Jeera futures terminated at Rs. 14,640 per quintal, up by 0.31 per cent, after unlocking at Rs. 14,555 against the previous closing price of 14,595. It reached the intra-day high of Rs. 14,750.

Chana prices ends higher 1.46 per-cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders expanded their holdings in the commodity on account of the good requirement in the market. 

NCDEX : January 2015 contract for Chana futures closed at Rs. 4,868 per quintal, up by 1.46 per-cent, after unlocking at Rs. 4,785 against the previous closing price of Rs. 4,798. It reached the intra-day high of Rs. 4,878.

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Jeera Ends lower on Increase in Stocks

 

Commodity Updates - Jeera prices closed lower by 0.03 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 December 2015 contract closed at Rs. 15,770 per quintal, down by 0.03 per cent, after opening at Rs. 15,935 against the previous closing price of Rs. 15,775. It touched the intra-day low of Rs. 15,725.
 

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 Singapore , Brazil,US, UK, UAE, Japan, Bangladesh, and many other countries. Other Major exporters are Syria and Turkey.

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Jeera Ends Lower On Weak Demand

Jeera prices closed lower by 1.18 per cent on Thursday 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 September 2015 contract closed at Rs. 15,910 per quintal, down by 1.18 per cent, after opening at Rs. 16,180 against the previous closing price of Rs. 16,100. It touched the intra-day low of Rs. 15,850.
 

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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NCDEX Tips And Agri Report For Today

In NCDEX Chana, below 4150, we may see selling pressure towards 4090 levels.

In NCDEX Oilseed and edible oil futures witnessed a weak trade during the last trading session. Soybean futures opened firm in line with the international markets to mark day high. However, sharp selling was seen at higher levels with no major demand in markets. Abiding the weak cues from futures market soybean ruled weak in the major markets of Madhya Pradesh and Maharashtra. In major markets of Madhya Pradesh i.e. Indore soybean traded at 3427 per 100 kg. While in Maharashtra i.e. at Nagpur it traded at Rs 3468 per 100 kg and in kota at Rs.3508.6 Hence Soybean plants rates quoted mixed to weak witnessing down move in range of Rs.38-42 in major mandis, whereas witnessed up move in the range of 0-26 in other mandis. Soybean arrivals stood steady in Madhya Pradesh and reported at 25,000 bags on Saturday compared.

Free NCDEX Commodity Tips For Today

Commodity	Strategy	Levels	Target 1	Target 2	Stop-Loss
Chilli (Jun)	Sell	Below 4600	4550	4500	4635
Chana (Jun)	Sell	Below 4140	4100	4060	4170
Jeera (Jun)	Sell	12600-12630	12400	12200	12730
Turmeric (Jun)	Sell	Below 3575	3540	3500	3605
COCUDAKL (Jun)	Sell	Around 1100	1080	1060	1110
Cardamom (Jun)	Buy	Above 1330	1350	1370	1315
Soya bean (Jun)	Sell	Below 3300	3250	3200	3335
Mustard seed (Jul)	Sell	Below 3700	3650	3600	3735

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NCDEX Tips And Trend For Today

NCDEX Commodity Trend

• NCDEX Jeera June: A downfall may continue towards 12250 levels for the day.
• NCDEX Chilli June: If unable to sustain above 5000 levels, we can expect to see a lower correction towards 4750 levels.
• NCDEX Chana June: Sideways to lower trading for the day.
• NCDEX KAPAS April 2013: A pullback rally may seen, if prices hold the support of 910 levels for the day.
• NCDEX Dhaniya June: Negative sentiments still persists, as long as prices caps the upside resistance at 3645 levels for the day.
• NCDEX Turmeric June: If prices break below 3562, then a downside correction may be seen towards 3500 levels for the day.
• NCDEX Refined Soy oil June: A strong support is seen at 709, breaks below the same with volume could see prices trade lower towards 709 levels.
• Cardamom June: A major support is seen at 1281 levels, which if held, may see prices turn higher for the day.

Free NCDEX Tips

Commodity	Strategy	Levels	Target 1	Target 2	Stop-Loss
Chilli (Jun)	Buy	Around 4800	4850	4900	4765
Pepper (Jun)	Buy	38450-38500	38850	39200	34250
Jeera (Jun)	Sell	12600-12630	12400	12200	12730
Turmeric (Jun)	Buy	Above 3630	3680	3730	3595
COCUDAKL (Jun)	Sell	Around 1100	1080	1060	1110
Cardamom (Jun)	Sell	Below 1325	1300	1270	1345
Soya bean (Jun)	Sell	Below 3300	3250	3200	3335

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