Daily Agri Commodity Trading Market News By Epic Research Pvt. Ltd. - 26th August 2014

AGRI COMMODITY DAILY WRAP UP

TURMERIC FUTURE

Turmeric prices fell by Rs 88 to Rs 6,522 per quintal in futures trade today as speculators trimmed positions amid subdued demand against large stocks position. At the Na tional Commodity and Derivatives Exchange, turmeric for delivery in September con tracts fell Rs 88, or 1.33 per cent, to Rs 6,522 per quintal in open interest of 15,830 lots Likewise, the spice for delivery in October lost Rs 68, or 1 per cent, to Rs 6,760 per quintal, with an open interest of 4,295 lots. the fall in turmeric prices at futures trade was mostly attributed to reducing of positions by speculators following subdued de mand in the spot markets against adequate stocks. the short-term trend looks firm as late monsoon has pushed back turmeric sowing in the top cultivating areas, raising con cerns about yields.

JEERA FUTURE

Jeera prices fell by 0.66 per cent to Rs 11,260 per quintal in futures trading today as speculators trimmed positions amidst subdued demand in the spot markets. At the Na tional Commodity and Derivatives Exchange, jeera for delivery in October drifted by Rs 75, or 0.66 per cent, to Rs 11,260 per quintal with an open interest of 2,859 lots. The September contract was down by Rs 70, or 0.63 per cent, to Rs 11,130 per quintal in 7,629 lots. Market analysts said the fall in jeera prices in futures trade was mostly due to subdued demand at spot market.

REF. SOYA OIL FUTURE

Refined soya oil prices fell 1.52 per cent to Rs 571 per 10 kg in futures trading today as speculators reduced positions amid sluggish demand in the spot market against ade quate stocks positions.At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October fell by Rs 8.80, The September contract traded lower by Rs 8.25, or 1.34 per cent, to Rs 607.80 per 10 kg in 90,795 lots. Analysts said offloading of positions by speculators, triggered by subdued demand in the spot market against adequate stocks position.

National Market Report

Downward pressure continued to dominate cash market on Monday. Lower demand in declining market and 49.18 percent higher area coverage till 22,August against last years’ corresponding period drove market down. With considerable improvement in area inner tone has weakened and pressure is

likely to continue in ongoing week. Area coverage till 22nd August has been registered at 7.31 lakh ha., higher than last year (4.90 lakh ha.) till date. Normal area for whole kharif season is 10.37 lakh ha. Area under castor seed is likely to increase at least by 9 to 10 percent from 9.83 to 10.54 lakh ha. In 2014-15. Almost 70 percent of normal area has been covered so far.

International Update

FoB quote for castor oil at Kandla has increased from $1440 to $1445 for export in last three days. Price has increased almost $10 per tonne today despite lower quotes for seed. Buyers like China,EU and Japan may enter in to the market in second half of August for bulk buying. Demand for castor meal continues from EU, USA and China. However, recent dip has slowed

down fresh deal for the same. As buyers remain inactive FOB price is bound to stay steady in the third week of August. Export quote for meal increased slightly by $2 to $108 per tonne today. Price of castor oil in Rotterdam too has increased from $1705to $1725 per metric tonne during last one week.

DHANIYA

BUY DHANIYA SEP ABOVE 11970 TGTS 12070 ,12170 SL 11820

SELL DHANIYA SEP BELOW 11750 TGTS 11650,11550 SL 11900

Epic Research Private Limited is the advisory firm awarded with the Service Excellence Award. We are delivering services in providing consultation regarding Capital Stock Market of India and other global markets. Our team having experienced researchers who offer updates on the sectors like – Intraday Stock Tips, derivative trading, commodity trading, FOREX trading tips etc.

Our research Team give recommendations on the following -

• equity (cash)

• derivatives

• commodity and

• currency

Keep track our offers and services by FREE TRIAL +91 731 6642300

mail us here: [email protected]

give Missed call at 02653090639

SMS EPIC to 56363 Or visit our site https://www.epicresearch.co/

###