Agriwatch: Agri commodities index down 0.2% today

The Agri Commodities Index fringe down 0.20% to 115.90 during the week ended Oct 1, 2016 from 116.13 during the previous week. The basis for the Index and all sub-Indices is 2014 (= 100). Declines in cereals and vegetables prices offset the gains in pulses and edible oils. 

Six of the nine commodity groups and 19 of the 29 commodities that constitute the Index declined during the week. The commodity group sub-Index values and their weekly changes are as follows: Cereals: 101.83 (-1.34%), Pulses: 216.70 (+4.40%), Vegetables: 62.30 (-4.85%), Edible Oils: 116.0 (+0.68%), Oilseeds: 107.67 (-1.83%), Sweeteners (Sugar, Gur & Khandsari): 121.96 (-0.48%), Spices: 135.90 (-0.83%), Fibres: 98.82 (-3.23%) and Other Non-Food Articles: 77.57 (+2.25%).

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Today's Share market overview 31 Dec, 2015

India beats China through GDP growth in 2015; may grow 7-7.5% in 2016.

Expect revenue growth of atleast 10-15% in CY16: ITD Cementation.

NSE to include Jet Airways, 3 others in F&O segment on 1st jan.

Cadila Healthcare hits 52-week low, down 15% on USFDA warning for 2 units.

Full benefits of digitisation to show in FY17 earnings: Hathway.

Foodgrain outcome dips in 2015; Revival unlikely in New Year.

It's been a wild ride: Investing in China in 2015.

Energy, iron ore, precious metals suffered losses in 2015 year.

Videocon Industries redeems $194.40 mn FCCBs.

Hold 29.38% in Tide Water Oil post open offer.

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Jeera prices closed lower by 1.4 %

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Jeera prices closed lower by 1.4 per cent on Monday 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. 15,440 per quintal, down by 1.4 per cent, after opening at Rs. 15,595 against the previous closing price of Rs.15,660. It touched the intra-day low of Rs. 15,350.
 

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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Cardamom prices rise by 1.03 percent on Tuesday

 

Cardamom prices rose by 1.03 per cent on Tuesday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. At MCX, Cardamom futures for September 2015 contract were trading at Rs 862.50 per kg, up by 1.03 per cent, after opening at Rs. 855 against the previous closing price of Rs. 853.70. It touched the intra-day high of Rs. 853 till the trading. (At 10.45 AM today). Sentiment improved further as a result of firm demand in the market against restricted arrivals from producing belts of Chandausi in Uttar Pradesh.
 

Kerala (70 per cent), Karnataka (20 per cent) and Tamil Nadu (10 per cent) are the cardamom growing states in India while about 90 per cent of the produce is consumed within the nation. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily,  Kumbum,Thekkady, and Pattiveeran Patti in Kerala.

 

 

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Mcx Commodity Tips and Updates for 18 June 2015

Jeera prices closed lower by 0.58 per cent on Wednesday 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 NCDEX, jeera futures for June 2015 contract closed at Rs. 16,300 per quintal, down by 0.58 per cent, after opening at Rs. 16,510 against the previous closing price of Rs. 16,395. It touched the intra-day low of Rs. 16,240.

Barley prices closed higher by 0.24 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of strong demand from beer and cattle-feed making industries against restricted supply in physical markets. At NCDEX, barley futures for June 2015 contract closed at Rs. 1,250 per quintal, up by 0.24 per cent, after opening at Rs. 1,250 against the previous closing price of Rs. 1,247. It touched the intra-day high of Rs. 1,251.

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Mcx Commodity Tips and Updates for 16 June 2015

Mustard Seed prices closed lower by 1.84 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At NCDEX, Mustard Seed futures for June 2015 contract ended at Rs. 4,110/quintal, down by 1.84 per cent, after opening at Rs. 4,150 against the previous closing price of Rs. 4,187. It touched the intra-day low-lying of Rs. 4,100.

Maize prices ended lower by 0.27 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. At NCDEX, maize futures for June 2015 contract closed at Rs. 1,110 per quintal, down by 0.27 per cent, after opening at Rs. 1,108 against the previous closing price of Rs. 1,113. It touched the intra-day low of Rs. 1,108.

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Precious Metals Tips and Updates for 26 May 2015

Gold futures wrapped up the week in bearish mode as prices retreated in the domestic market on Friday after US Federal Reserve Chair Janet Yellen termed a 2015 interest rate hike as “appropriate”, dimming the luster for the precious metal as a store of value. Yellen sees the world’s top central bank raising interest rates for the first time since 2006 this year, if economic data comes in line with forecasts, with a gradual pace of tightening, thereafter. Better than expected US inflation data further bolstered the case for rate tightening in 2015. Core consumer prices in the US climbed 0.3 per cent in April 2015 from the previous month, the biggest gain since January 2013, signaling a pickup in inflationary pressures in the world’s biggest economy. A stronger dollar also kept pressure on gold by curbing the demand for the precious metal as an alternative asset. Stronger greenback makes gold more expensive for those holding other currencies, thus dimming demand. Gold may extend losses today amid renewed US rate hike fears. At the MCX, Gold futures for June 2015 contract closed at Rs 27,082 per 10 gram, down by 0.10 per cent after opening at Rs 27,159, against the previous closing price of Rs 27,108. It touched the intra-day low of Rs 27,053 till the closing.

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DAILY COMMODITY GOLD TIPS & SILVER REPORT FOR 19/08/2014

Precious Metals

D A I L Y B U Z Z 

GOLD 

Gold prices fell 0.82 per cent to Rs 28,420 per 10 grams in futures trade today amid a weak trend overseas and profit-booking by speculators. 

At the Multi Commodity Exchange, Gold for delivery in December fell by Rs 236, or 0.82 per cent, to Rs 28,420 per 10 grams in a business turnover of 14 lots. 

Likewise, the metal for delivery in October shed Rs 224, or 0.78 per cent, to Rs 28,390 per 10 grams in 537 lots. 

Analysts said besides profit-booking by speculators, a weak trend in the overseas markets as the outlook for an improving US economy outweighed tension in Ukraine, weighed on gold prices at futures trade here. 

Globally, gold traded 0.6 per cent lower at USD 1,297.46 an ounce Singapore today. 

Agro Outlook 

CARDAMOM 

Cardamom prices surged 2.35 per cent to Rs 945.20 per kg in futures trade today as speculators created positions amid strong demand in the spot markets supported by festive season. 

At the Multi Commodity Exchange, cardamom for delivery in far-month October shot up by Rs 21.70, or 2.35 per cent to Rs 945.20 per kg in business turnover of 62 lots. 

In a similar fashion, the spice for delivery in September contract gained Rs 13.80, or 1.48 per cent to Rs 944 per kg in 243 lots. 

Market analysts said fresh positions created by speculators driven by rising demand in the spot markets in view of festive season mainly led to the rise in cardamom prices at futures trade. 

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