#fresh jeera exporters in gujarat india

[badanicorporationn]

Cumin Seeds (Jeera) Processor, Supplier & Exporter from India - Badani Corporation 

Cumin seeds, known as Jeera in India, have a significant place in global culinary traditions and medicinal practices. These small, crescent-shaped seeds are celebrated for their distinctive aroma, earthy flavor, and numerous health benefits. As a leading processor, supplier, and exporter of cumin seeds from India, Badani Corporation is dedicated to delivering the finest quality cumin to markets worldwide. 

The Essence of Cumin Seeds 

Cumin seeds originate from the Cuminum cyminum plant, a member of the parsley family. They are a staple in many cuisines, particularly in Indian, Middle Eastern, North African, and Latin American cooking. Cumin's warm, spicy flavor enhances the taste of various dishes, from curries and soups to stews and marinades. Beyond their culinary uses, cumin seeds are also prized for their medicinal properties. They are rich in antioxidants, aid digestion, boost immunity, and help manage blood sugar levels. 

India's Role in Cumin Production 

India is the largest producer and exporter of cumin seeds, accounting for around 70% of the world's production. The country's unique climate and soil conditions in states like Gujarat and Rajasthan are ideal for cultivating high-quality cumin. The traditional farming practices combined with modern processing techniques ensure that Indian cumin meets the highest standards of purity and flavor. 

Badani Corporation: Commitment to Quality 

Badani Corporation stands out in the cumin seeds market due to its unwavering commitment to quality. As a processor, supplier, and exporter, the company ensures that every batch of cumin seeds undergoes stringent quality checks at various stages of production. From sourcing the finest seeds from local farmers to employing advanced processing technologies, Badani Corporation maintains a rigorous quality assurance process to deliver superior cumin seeds to its clients. 

Processing and Packaging Excellence 

The journey of cumin seeds at Badani Corporation begins with careful selection and procurement from trusted farmers. The seeds are then cleaned and sorted using state-of-the-art machinery to remove impurities and ensure uniformity. The processing includes drying the seeds to the optimal moisture level, which is crucial for preserving their flavor and shelf life. 

Badani Corporation employs cutting-edge packaging techniques to retain the freshness and aroma of the cumin seeds. The seeds are packed in moisture-proof, airtight containers that prevent contamination and extend their shelf life. The packaging is designed to meet international standards, ensuring that the cumin seeds reach customers in pristine condition. 

Exporting to the World 

With a robust supply chain network and efficient logistics, Badani Corporation exports cumin seeds to various countries across the globe. The company's strong presence in international markets is a testament to its reliability and excellence. By adhering to global food safety standards and certifications, Badani Corporation ensures that its cumin seeds are accepted and trusted by consumers worldwide. 

Sustainability and Ethical Practices 

Badani Corporation is committed to sustainable and ethical practices in its operations. The company works closely with farmers to promote sustainable farming methods that enhance yield while preserving the environment. By offering fair prices and supporting local farming communities, Badani Corporation fosters a responsible supply chain that benefits all stakeholders. 

Conclusion 

Cumin seeds (Jeera) are an indispensable spice with a rich history and myriad benefits. As a premier processor, supplier, and exporter from India, Badani Corporation takes pride in delivering the finest quality cumin seeds to its global clientele. With a focus on quality, sustainability, and customer satisfaction, Badani Corporation continues to be a trusted name in the cumin seeds industry. Whether you're a food manufacturer, retailer, or consumer, you can rely on Badani Corporation for the best cumin seeds that elevate the flavor and health benefits of your culinary creations. 

[weblink-india40]

Cumin Seeds: A Spice That Makes Everything Better

Cumin seeds are a type of spice that comes from a dried seed of a flowering plant.  This plant belongs to the parsley family and is highly grown in India and the Middle East.

This popular Indian spice acts as a flavouring agent and gives a tempting taste and pleasant aroma to the dishes. There are several ways to release the earthy flavour of essential oils of cumin seeds into your recipes. Some of the popular uses are-

This essential spice is extremely versatile as it is extensively used in making curries, rice, snacks, and even herbal teas.

Indian cooking and tempering are incomplete without adding whole cumin seeds to hot oil before preparing any recipe. Also, most people sprinkle roasted and ground cumin seeds on salads and curd.

Cumin seeds are even added to soups, pickles, breads, and even cookies to make them more flavorful. Cumin seed also known as jeera has some amazing health benefits if purchased from a leading cumin seeds supplier. Reap the health benefits of cumin seeds from your spice box by including them in your diet.

Antibacterial & Anti-inflammatory properties

The amazing antibacterial properties in cumin helps in killing harmful bacteria which might attack your gut health or immune system. It helps in preventing the growth of microorganisms and bacteria that can result in food poisoning. Cumin seeds have anti-inflammatory properties that help in reducing inflammation caused due to allergies, acne, or any other rash.

Promotes weight loss 

Cumin seeds can become your perfect supporter in your weight loss journey. It boosts the metabolism of the body along with increased fat burning which helps in shedding weight quickly.

Enhances digestive system

If you are looking for the most gut-friendly in the market, then Cumin seeds should not be skipped. Its essential oils stimulate the salivary glands that aid in improving the digestive process. Drinking lukewarm cumin seeds water on an empty stomach in the morning also helps in relieving digestive issues. It provides relief from common problems like irritable bowel syndrome, flatulence, bloating, and gas.

Reduces cholesterol levels

It helps people in lowering the levels of bad cholesterol and triglycerides. Adding roasted cumin seed powder to your yoghurt helps you in managing cholesterol levels.

Combats diabetes

Cumin seeds help in regulating the levels of blood sugar in people with type 2 diabetes. Also, people who are overweight can find it beneficial in regulating fasting blood glucose and their body weight.

India is the largest producer, consumer, and exporter of cumin seeds accounting for more than 70% of the world’s export. Its production is concentrated primarily in Gujarat, Rajasthan, and some parts of Uttar Pradesh. Gujarat is the top cumin seeds producer contributing 55%-60% of total production. A reliable cumin seeds exporter from Gujarat offers 100% safe and fresh cumin seeds to customers. Get in touch with a top exporter of cumin seeds in Surat and buy your grocery essentials.

The popularity of the providers of cumin seeds in Gujarat is due to the following reasons-

They offer a variety of cumin seeds that are procured, stored, and packed hygienically at an in-house facility.

They maintain the quality and packaging as per the industry norms to meet international standards.

The offered cumin seeds are free from any kind of harmful chemicals, artificial flavours, and preservatives.

They are capable of meeting the bulk requirements of globally distributed clients within a prescribed time.

They use high-quality packaging material to keep them protected from any degrading factors while ensuring long shelf-life.

They offer supreme quality cumin seeds at market-leading prices.

Conclusion

Hence, cumin seeds are considered a popular Indian seasoning that gives a unique flavour to your dishes. Choose a trustworthy cumin seeds trader to get premium quality spice for your kitchen pantry.

[researchicon]

Jeera On NCDEX Settled Down By -2.59% At 16910

Jeera on NCDEX settled down by -2.59% at 16910 due to sufficient availability and prospects of good crop next season. Further, pressure seen because of high moisture content in the spice, due to rainfall in the key producing areas of Gujarat. Parched land of Gujarat got good rains recently and soil moisture along with higher prices will motivate farmers to grow jeera on higher area in the ensuing season. As per data arrivals of jeera in Gujarat is about 30,000 tn during 1-30 July compared to 7,500 tn last year same period. As per Commerce Ministry data, the Jeera exports down to 18,165 tn compared to 22,000 tn last year in June. Overall, the export of Jeera has dropped 6.4% in the first quarter of FY20 to 71,000 compared to 75,800 tn in the same period last fiscal. Cooler weather and rains in Gujarat and Rajasthan during Dec-Jan too were good for the crop. The recent weather disturbance in North-West India could support prices in case crop is damaged. Jeera exports are up 4.6% on year in February at 10,186 tn compared to 9,736 tn last year while for Apr-Feb period it is up 23.2% at 1.57 lt, compared to last year, according to DGCIS. In Unjha, a key spot market in Gujarat, jeera edged down by -203.85 Rupees to end at 17438.45 Rupees per 100 kg.Technically market is under fresh selling as market has witnessed gain in open interest by 14.73% to settled at 5865 while prices down -450 rupees, now Jeera is getting support at 16700 and below same could see a test of 16495 levels, and resistance is now likely to be seen at 17260, a move above could see prices testing 17615.

Contact Me On Whatsapp-9479884143 For Quick Trial – 8871888787 ✔ or mail us here: support@researchicon.com or visit http://www.researchicon.com/free-trial

[mcxcommoditytip]

Agri Commodity Fundamentals – Soybean, RMSeed, Ref Soy Oil, Crude Pal Oil (CPO), Channa, Cotton Kapas, Jeera & Turmeric

Agri Commodity Fundamentals : 11/12/2017

Soybean

NCDEX Soybean futures closed lower for the second consecutive day on Friday mainly on fresh selling initiated by the market participants tracking spot prices. However, the trend looks positive due to reports of good physical demand as Soybean Processors Association of India (SOPA) increased its estimates of meal exports for 2017/18. Moreover, earlier government has increased export incentives by 2% for all meals.

According to SOPA, Soymeal exports from the country in 2017-18 (Oct-Sep) are seen rising to around 20 lakh tn from previous estimate of 15 lakh tn due to a recent rise in export incentives.

India’s soymeal exports during November surged to 207,630 tn from 97,750 tn a year ago. For Apr-Nov, exports of soymeal were estimated at 768,981 tn compared with 204,860 tn a year ago as per SEA monthly report.

US Soybean settled 2-1/4 cents lower at $9.89-3/4 a bushel dropped 0.4 percent last week after rising in the previous four weeks mainly on improved weather conditions in Brazil and encouraging exports numbers.

Consultancy AgRural raised its forecast for 2017-18 Brazil soybean production to 112.9 mt from 110.2 mt. The USDA reported private export sales of 268,000 t of soybeans to China for 17/18 delivery through their daily reporting system. They also announced an additional 129,000 MT sold to Unknown destinations.

//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js // <![CDATA[ (adsbygoogle = window.adsbygoogle || []).push({}); // ]]>

RMseed (Mustard seed)

Mustard Jan futures continue to close lower for 5th consecutive day on Friday due to steady physical demand and reports of higher inventories with the traders and farmers. According to Mustard Oil Producers Association of India, mustard stock with Farmers & Processors as on 30th Nov’17 was at 13 lakh tonnes. Mills across the country crushed 475,000 tn of the oilseed in November, up nearly 6% on month.

As per rabi sowing report from the government, the acreage of mustard, another major rabi crop, was at 59 lakh ha, down from 64 lakh ha a year ago. Rajasthan is the largest mustard growing state but the sowing pace is slower than last year at 20.6 lakh ha Vs 27.4 lakh ha.

Outlook

Ncdex Soybean futures are expected to trade sideways to higher on good physical demand for new season crop for crushing needs as edible oil import duty is hiked. Moreover, higher incentives for oil meal export, good meal exports and higher estimates for meal exports will also support soybean prices.

Mustard futures expected to trade sideways on higher stocks with the oil mills and good start to rabi sowing. However, anticipation of good physical uptake by oil mills on expectation of good winter demand may keep prices supported above 4000 levels.

Refine Soy Oil

Refined Soy Oil Jan contract corrected closed to 2.8% last week due to higher stock levels, stronger rupee and weak international prices.

The prices have jumped higher to its 10 months higher when government increases the import duty of all edible oils. The government raised the duty of the crude soy oil to 30% from 17.5% to support domestic oilseed industry and farmers.

For the first half of December, government cut the base import price of soy oil, by $18 per tonnes. The government revises base import prices every fortnight, based on global prices and changes in foreign exchange rate. Prices were last revised on Nov 15.

As per latest SEA import report, Soybean oil imports slumped 21% to 220,200 tons in October from a year earlier while imports dropped during the oil year ended Oct. 31 by 22 % to 3.32 mt.

Crude Palm oil

MCX CPO fall more than 1% for the second consecutive day on Friday tracking weak Malaysian palm oil prices and strength in rupees during past 15 days which makes imports cheaper for Indian importers.

Moreover, government reduced base import price of all edible oils, with the steepest plunge of $26 per tn in crude palm oil for first half of December.

The prices have jumped higher in Nov when center has raised the import duty on crude palm oil to 30% from 15% and on refined oil to 40% from 25% in a bid to curb cheaper shipments and boost local prices for supporting farmers and refiners.

Malaysian palm fell for a fifth consecutive day on Friday, hitting a fresh five-month low as the prices was weighed down by concerns over high stockpiles amid expectation of higher production and lower exports data.

Stockpiles at end-November are seen rising 11.4 percent to 2.44 mt on the month, according to a Reuters poll, while output is pegged to drop 3 percent to 1.95 mt. Exports are forecast to fall 6 percent in November to 1.45 mt from October. Official data from the Malaysian Palm Oil Board is scheduled for release on December 12.

Outlook

We expect Ref Soy oil to trade sideways to down due to higher stocks, good domestic crushing and weaker rupees. Moreover, higher import duty and good demand from the stockists is may support prices.

CPO futures may trade sideways to lower due to weaker international palm oil prices and reduced base import prices by the government for first half of December.

Chana

Chana Jan futures plunge more than 6.3% last week as fresh selling is seen throughout the week due to improved sowing progress coupled with higher stocks in the country due to record imports. As per government data, India imported about 4.78 lakh tonnes of chana during April-Sep, up by 430% compared the last year imports.

As per government sowing data, area under the rabi chana crop across the country was up 10.25% on year at 89.6 lakh ha as on last week. The acreage of chana in MP and Karnataka, the largest and the second-largest grower of pulse, was up 17.1% on year at 31.24 lakh ha, and up 38.2% on year at 13.3 lakh ha, respectively.

To encourage farmers, govt. increase MSP by 10% to Rs. 4,400 per quintal. According to the target estimate released by government, India’s chana production target estimate for 2017-18 is 97.5 mt.

Outlook

Chana futures to trade sideways to down on good sowing progress while higher imports data for the current FY have increase stocks in the country also pressurizing prices. Low level buying may support prices.

Cotton / Kapas

MCX Dec Cotton jumps higher by more than 2% on expectation of big fall in domestic output due to pink bollworm attacks in some states. Concerns about crop quality have also impacted prices. Cotton production in Telangana this year is feared to come down drastically as it estimated that pink bollworm ay have eat up 40% of the cotton crop. According to trade sources, about 60 lakh bales have arrived in the Indian markets this season compared to 47.3 lakh bales last year till Dec 1.

ICE cotton fell on Friday after hitting an over seven-month high earlier in the session as investors took profits and as the U.S. dollar firmed.

Managed money spec traders climbed back to their largest net long position since mid-May at 82,409 contracts. That was an increase of 11,681 contracts over the week that ended 12/5. The USDA Ag Attaché in China expects the country to show 5.4 mt in 17/18 production, with total usage at 8.5 mt while importing 1.3 mt, an increase of 0.2 mt from 16/17.

Outlook

Cotton futures are expected trade higher on less than expected arrivals and reports of loss in production due to pest attack in three biggest cotton growing states. Arrivals are still slow in India with just 1.70 lakh bales reaching mandis daily in early December, when it should have crossed 2.25 lakh bales. Moreover, good physical demand from the mills and traders and commencement of procurement by CCI may keep prices supportive.

Spices (Jeera & Turmeric)

NCDEX Jan Jeera falls on Friday on fresh selling initiated by the market participants at higher levels coupled with encouraging jeera sowing progress in Gujarat. In Gujarat, jeera acreage up by 50% to 2.7 lakh ha this year compared to 1.8 lakh ha last year as on 4 th Dec.

As per government data, Jeera exports during first six month of FY 2017/18 (Apr-Sep) is 77,827 tonnes, up 8.4% compared to last year exports volume for the same period. India’s jeera exports in Sep increase 110% on year to 14,742 tn. Jeera arrivals for the first 10 days of Dec down by 60% to 906.7 tonnes on year due to tight supplies and lower stocks.

Turmeric Apr futures closed lower on fresh selling by the Market Participants on expectation of good supplies from the new season. The supplies will be higher due to government auctions and lower exports data. The export of turmeric is down by 15.2% to 56,900 tonnes for the first 6 month of FY 2017/18 compared to last years’ exports. The arrivals have been higher during first 10 days in December this year to 10,130 tonnes compared to 3,372 tonnes last year same month according to Agmarknet data.

Outlook

We expect Jeera Jan futures to trade sideways to lower on expectation of further technical correction as sowing progress is encouraging in Gujarat. Recently, export demand drive prices to all-time highs coupled with diminishing stocks with the traders also supporting prices. However, increase in exports demand may drive prices higher.

Turmeric Apr futures expected to trade sideways to lower on expectation of new season arrivals and lower demand for exports. The turmeric prices may get support from the up country demand however supplies from the government auctions and arrivals of medium quality supplies may keep the prices sideways.

The post Agri Commodity Fundamentals – Soybean, RMSeed, Ref Soy Oil, Crude Pal Oil (CPO), Channa, Cotton Kapas, Jeera & Turmeric appeared first on MCX FREE TIPS.

From http://mcx.freetips.tips/mcx-india-commodity-market-news/agri-commodity-fundamentals-soybean-rmseed-cpo-jeera-cotton

from https://mcxfreetips0.wordpress.com/2017/12/11/agri-commodity-fundamentals-soybean-rmseed-ref-soy-oil-crude-pal-oil-cpo-channa-cotton-kapas-jeera-turmeric/

[commoditytips0]

Agri Commodity Fundamentals – Soybean, RMSeed, Ref Soy Oil, Crude Pal Oil (CPO), Channa, Cotton Kapas, Jeera & Turmeric

Agri Commodity Fundamentals : 11/12/2017

Soybean

NCDEX Soybean futures closed lower for the second consecutive day on Friday mainly on fresh selling initiated by the market participants tracking spot prices. However, the trend looks positive due to reports of good physical demand as Soybean Processors Association of India (SOPA) increased its estimates of meal exports for 2017/18. Moreover, earlier government has increased export incentives by 2% for all meals.

According to SOPA, Soymeal exports from the country in 2017-18 (Oct-Sep) are seen rising to around 20 lakh tn from previous estimate of 15 lakh tn due to a recent rise in export incentives.

India’s soymeal exports during November surged to 207,630 tn from 97,750 tn a year ago. For Apr-Nov, exports of soymeal were estimated at 768,981 tn compared with 204,860 tn a year ago as per SEA monthly report.

US Soybean settled 2-1/4 cents lower at $9.89-3/4 a bushel dropped 0.4 percent last week after rising in the previous four weeks mainly on improved weather conditions in Brazil and encouraging exports numbers.

Consultancy AgRural raised its forecast for 2017-18 Brazil soybean production to 112.9 mt from 110.2 mt. The USDA reported private export sales of 268,000 t of soybeans to China for 17/18 delivery through their daily reporting system. They also announced an additional 129,000 MT sold to Unknown destinations.

// <![CDATA[ (adsbygoogle = window.adsbygoogle || []).push({}); // ]]>

RMseed (Mustard seed)

Mustard Jan futures continue to close lower for 5th consecutive day on Friday due to steady physical demand and reports of higher inventories with the traders and farmers. According to Mustard Oil Producers Association of India, mustard stock with Farmers & Processors as on 30th Nov’17 was at 13 lakh tonnes. Mills across the country crushed 475,000 tn of the oilseed in November, up nearly 6% on month.

As per rabi sowing report from the government, the acreage of mustard, another major rabi crop, was at 59 lakh ha, down from 64 lakh ha a year ago. Rajasthan is the largest mustard growing state but the sowing pace is slower than last year at 20.6 lakh ha Vs 27.4 lakh ha.

Outlook

Ncdex Soybean futures are expected to trade sideways to higher on good physical demand for new season crop for crushing needs as edible oil import duty is hiked. Moreover, higher incentives for oil meal export, good meal exports and higher estimates for meal exports will also support soybean prices.

Mustard futures expected to trade sideways on higher stocks with the oil mills and good start to rabi sowing. However, anticipation of good physical uptake by oil mills on expectation of good winter demand may keep prices supported above 4000 levels.

Refine Soy Oil

Refined Soy Oil Jan contract corrected closed to 2.8% last week due to higher stock levels, stronger rupee and weak international prices.

The prices have jumped higher to its 10 months higher when government increases the import duty of all edible oils. The government raised the duty of the crude soy oil to 30% from 17.5% to support domestic oilseed industry and farmers.

For the first half of December, government cut the base import price of soy oil, by $18 per tonnes. The government revises base import prices every fortnight, based on global prices and changes in foreign exchange rate. Prices were last revised on Nov 15.

As per latest SEA import report, Soybean oil imports slumped 21% to 220,200 tons in October from a year earlier while imports dropped during the oil year ended Oct. 31 by 22 % to 3.32 mt.

Crude Palm oil

MCX CPO fall more than 1% for the second consecutive day on Friday tracking weak Malaysian palm oil prices and strength in rupees during past 15 days which makes imports cheaper for Indian importers.

Moreover, government reduced base import price of all edible oils, with the steepest plunge of $26 per tn in crude palm oil for first half of December.

The prices have jumped higher in Nov when center has raised the import duty on crude palm oil to 30% from 15% and on refined oil to 40% from 25% in a bid to curb cheaper shipments and boost local prices for supporting farmers and refiners.

Malaysian palm fell for a fifth consecutive day on Friday, hitting a fresh five-month low as the prices was weighed down by concerns over high stockpiles amid expectation of higher production and lower exports data.

Stockpiles at end-November are seen rising 11.4 percent to 2.44 mt on the month, according to a Reuters poll, while output is pegged to drop 3 percent to 1.95 mt. Exports are forecast to fall 6 percent in November to 1.45 mt from October. Official data from the Malaysian Palm Oil Board is scheduled for release on December 12.

Outlook

We expect Ref Soy oil to trade sideways to down due to higher stocks, good domestic crushing and weaker rupees. Moreover, higher import duty and good demand from the stockists is may support prices.

CPO futures may trade sideways to lower due to weaker international palm oil prices and reduced base import prices by the government for first half of December.

Chana

Chana Jan futures plunge more than 6.3% last week as fresh selling is seen throughout the week due to improved sowing progress coupled with higher stocks in the country due to record imports. As per government data, India imported about 4.78 lakh tonnes of chana during April-Sep, up by 430% compared the last year imports.

As per government sowing data, area under the rabi chana crop across the country was up 10.25% on year at 89.6 lakh ha as on last week. The acreage of chana in MP and Karnataka, the largest and the second-largest grower of pulse, was up 17.1% on year at 31.24 lakh ha, and up 38.2% on year at 13.3 lakh ha, respectively.

To encourage farmers, govt. increase MSP by 10% to Rs. 4,400 per quintal. According to the target estimate released by government, India’s chana production target estimate for 2017-18 is 97.5 mt.

Outlook

Chana futures to trade sideways to down on good sowing progress while higher imports data for the current FY have increase stocks in the country also pressurizing prices. Low level buying may support prices.

Cotton / Kapas

MCX Dec Cotton jumps higher by more than 2% on expectation of big fall in domestic output due to pink bollworm attacks in some states. Concerns about crop quality have also impacted prices. Cotton production in Telangana this year is feared to come down drastically as it estimated that pink bollworm ay have eat up 40% of the cotton crop. According to trade sources, about 60 lakh bales have arrived in the Indian markets this season compared to 47.3 lakh bales last year till Dec 1.

ICE cotton fell on Friday after hitting an over seven-month high earlier in the session as investors took profits and as the U.S. dollar firmed.

Managed money spec traders climbed back to their largest net long position since mid-May at 82,409 contracts. That was an increase of 11,681 contracts over the week that ended 12/5. The USDA Ag Attaché in China expects the country to show 5.4 mt in 17/18 production, with total usage at 8.5 mt while importing 1.3 mt, an increase of 0.2 mt from 16/17.

Outlook

Cotton futures are expected trade higher on less than expected arrivals and reports of loss in production due to pest attack in three biggest cotton growing states. Arrivals are still slow in India with just 1.70 lakh bales reaching mandis daily in early December, when it should have crossed 2.25 lakh bales. Moreover, good physical demand from the mills and traders and commencement of procurement by CCI may keep prices supportive.

Spices (Jeera & Turmeric)

NCDEX Jan Jeera falls on Friday on fresh selling initiated by the market participants at higher levels coupled with encouraging jeera sowing progress in Gujarat. In Gujarat, jeera acreage up by 50% to 2.7 lakh ha this year compared to 1.8 lakh ha last year as on 4 th Dec.

As per government data, Jeera exports during first six month of FY 2017/18 (Apr-Sep) is 77,827 tonnes, up 8.4% compared to last year exports volume for the same period. India’s jeera exports in Sep increase 110% on year to 14,742 tn. Jeera arrivals for the first 10 days of Dec down by 60% to 906.7 tonnes on year due to tight supplies and lower stocks.

Turmeric Apr futures closed lower on fresh selling by the Market Participants on expectation of good supplies from the new season. The supplies will be higher due to government auctions and lower exports data. The export of turmeric is down by 15.2% to 56,900 tonnes for the first 6 month of FY 2017/18 compared to last years’ exports. The arrivals have been higher during first 10 days in December this year to 10,130 tonnes compared to 3,372 tonnes last year same month according to Agmarknet data.

Outlook

We expect Jeera Jan futures to trade sideways to lower on expectation of further technical correction as sowing progress is encouraging in Gujarat. Recently, export demand drive prices to all-time highs coupled with diminishing stocks with the traders also supporting prices. However, increase in exports demand may drive prices higher.

Turmeric Apr futures expected to trade sideways to lower on expectation of new season arrivals and lower demand for exports. The turmeric prices may get support from the up country demand however supplies from the government auctions and arrivals of medium quality supplies may keep the prices sideways.

The post Agri Commodity Fundamentals – Soybean, RMSeed, Ref Soy Oil, Crude Pal Oil (CPO), Channa, Cotton Kapas, Jeera & Turmeric appeared first on MCX FREE TIPS.

from http://mcx.freetips.tips/mcx-india-commodity-market-news/agri-commodity-fundamentals-soybean-rmseed-cpo-jeera-cotton from http://mcxfreetips0.blogspot.com/2017/12/agri-commodity-fundamentals-soybean.html

[mcxfreetips0]

Agri Commodity Fundamentals – Soybean, RMSeed, Ref Soy Oil, Crude Pal Oil (CPO), Channa, Cotton Kapas, Jeera & Turmeric

Agri Commodity Fundamentals : 11/12/2017

Soybean

NCDEX Soybean futures closed lower for the second consecutive day on Friday mainly on fresh selling initiated by the market participants tracking spot prices. However, the trend looks positive due to reports of good physical demand as Soybean Processors Association of India (SOPA) increased its estimates of meal exports for 2017/18. Moreover, earlier government has increased export incentives by 2% for all meals.

According to SOPA, Soymeal exports from the country in 2017-18 (Oct-Sep) are seen rising to around 20 lakh tn from previous estimate of 15 lakh tn due to a recent rise in export incentives.

India’s soymeal exports during November surged to 207,630 tn from 97,750 tn a year ago. For Apr-Nov, exports of soymeal were estimated at 768,981 tn compared with 204,860 tn a year ago as per SEA monthly report.

US Soybean settled 2-1/4 cents lower at $9.89-3/4 a bushel dropped 0.4 percent last week after rising in the previous four weeks mainly on improved weather conditions in Brazil and encouraging exports numbers.

Consultancy AgRural raised its forecast for 2017-18 Brazil soybean production to 112.9 mt from 110.2 mt. The USDA reported private export sales of 268,000 t of soybeans to China for 17/18 delivery through their daily reporting system. They also announced an additional 129,000 MT sold to Unknown destinations.

// <![CDATA[ (adsbygoogle = window.adsbygoogle || []).push({}); // ]]>

RMseed (Mustard seed)

Mustard Jan futures continue to close lower for 5th consecutive day on Friday due to steady physical demand and reports of higher inventories with the traders and farmers. According to Mustard Oil Producers Association of India, mustard stock with Farmers & Processors as on 30th Nov’17 was at 13 lakh tonnes. Mills across the country crushed 475,000 tn of the oilseed in November, up nearly 6% on month.

As per rabi sowing report from the government, the acreage of mustard, another major rabi crop, was at 59 lakh ha, down from 64 lakh ha a year ago. Rajasthan is the largest mustard growing state but the sowing pace is slower than last year at 20.6 lakh ha Vs 27.4 lakh ha.

Outlook

Ncdex Soybean futures are expected to trade sideways to higher on good physical demand for new season crop for crushing needs as edible oil import duty is hiked. Moreover, higher incentives for oil meal export, good meal exports and higher estimates for meal exports will also support soybean prices.

Mustard futures expected to trade sideways on higher stocks with the oil mills and good start to rabi sowing. However, anticipation of good physical uptake by oil mills on expectation of good winter demand may keep prices supported above 4000 levels.

Refine Soy Oil

Refined Soy Oil Jan contract corrected closed to 2.8% last week due to higher stock levels, stronger rupee and weak international prices.

The prices have jumped higher to its 10 months higher when government increases the import duty of all edible oils. The government raised the duty of the crude soy oil to 30% from 17.5% to support domestic oilseed industry and farmers.

For the first half of December, government cut the base import price of soy oil, by $18 per tonnes. The government revises base import prices every fortnight, based on global prices and changes in foreign exchange rate. Prices were last revised on Nov 15.

As per latest SEA import report, Soybean oil imports slumped 21% to 220,200 tons in October from a year earlier while imports dropped during the oil year ended Oct. 31 by 22 % to 3.32 mt.

Crude Palm oil

MCX CPO fall more than 1% for the second consecutive day on Friday tracking weak Malaysian palm oil prices and strength in rupees during past 15 days which makes imports cheaper for Indian importers.

Moreover, government reduced base import price of all edible oils, with the steepest plunge of $26 per tn in crude palm oil for first half of December.

The prices have jumped higher in Nov when center has raised the import duty on crude palm oil to 30% from 15% and on refined oil to 40% from 25% in a bid to curb cheaper shipments and boost local prices for supporting farmers and refiners.

Malaysian palm fell for a fifth consecutive day on Friday, hitting a fresh five-month low as the prices was weighed down by concerns over high stockpiles amid expectation of higher production and lower exports data.

Stockpiles at end-November are seen rising 11.4 percent to 2.44 mt on the month, according to a Reuters poll, while output is pegged to drop 3 percent to 1.95 mt. Exports are forecast to fall 6 percent in November to 1.45 mt from October. Official data from the Malaysian Palm Oil Board is scheduled for release on December 12.

Outlook

We expect Ref Soy oil to trade sideways to down due to higher stocks, good domestic crushing and weaker rupees. Moreover, higher import duty and good demand from the stockists is may support prices.

CPO futures may trade sideways to lower due to weaker international palm oil prices and reduced base import prices by the government for first half of December.

Chana

Chana Jan futures plunge more than 6.3% last week as fresh selling is seen throughout the week due to improved sowing progress coupled with higher stocks in the country due to record imports. As per government data, India imported about 4.78 lakh tonnes of chana during April-Sep, up by 430% compared the last year imports.

As per government sowing data, area under the rabi chana crop across the country was up 10.25% on year at 89.6 lakh ha as on last week. The acreage of chana in MP and Karnataka, the largest and the second-largest grower of pulse, was up 17.1% on year at 31.24 lakh ha, and up 38.2% on year at 13.3 lakh ha, respectively.

To encourage farmers, govt. increase MSP by 10% to Rs. 4,400 per quintal. According to the target estimate released by government, India’s chana production target estimate for 2017-18 is 97.5 mt.

Outlook

Chana futures to trade sideways to down on good sowing progress while higher imports data for the current FY have increase stocks in the country also pressurizing prices. Low level buying may support prices.

Cotton / Kapas

MCX Dec Cotton jumps higher by more than 2% on expectation of big fall in domestic output due to pink bollworm attacks in some states. Concerns about crop quality have also impacted prices. Cotton production in Telangana this year is feared to come down drastically as it estimated that pink bollworm ay have eat up 40% of the cotton crop. According to trade sources, about 60 lakh bales have arrived in the Indian markets this season compared to 47.3 lakh bales last year till Dec 1.

ICE cotton fell on Friday after hitting an over seven-month high earlier in the session as investors took profits and as the U.S. dollar firmed.

Managed money spec traders climbed back to their largest net long position since mid-May at 82,409 contracts. That was an increase of 11,681 contracts over the week that ended 12/5. The USDA Ag Attaché in China expects the country to show 5.4 mt in 17/18 production, with total usage at 8.5 mt while importing 1.3 mt, an increase of 0.2 mt from 16/17.

Outlook

Cotton futures are expected trade higher on less than expected arrivals and reports of loss in production due to pest attack in three biggest cotton growing states. Arrivals are still slow in India with just 1.70 lakh bales reaching mandis daily in early December, when it should have crossed 2.25 lakh bales. Moreover, good physical demand from the mills and traders and commencement of procurement by CCI may keep prices supportive.

Spices (Jeera & Turmeric)

NCDEX Jan Jeera falls on Friday on fresh selling initiated by the market participants at higher levels coupled with encouraging jeera sowing progress in Gujarat. In Gujarat, jeera acreage up by 50% to 2.7 lakh ha this year compared to 1.8 lakh ha last year as on 4 th Dec.

As per government data, Jeera exports during first six month of FY 2017/18 (Apr-Sep) is 77,827 tonnes, up 8.4% compared to last year exports volume for the same period. India’s jeera exports in Sep increase 110% on year to 14,742 tn. Jeera arrivals for the first 10 days of Dec down by 60% to 906.7 tonnes on year due to tight supplies and lower stocks.

Turmeric Apr futures closed lower on fresh selling by the Market Participants on expectation of good supplies from the new season. The supplies will be higher due to government auctions and lower exports data. The export of turmeric is down by 15.2% to 56,900 tonnes for the first 6 month of FY 2017/18 compared to last years’ exports. The arrivals have been higher during first 10 days in December this year to 10,130 tonnes compared to 3,372 tonnes last year same month according to Agmarknet data.

Outlook

We expect Jeera Jan futures to trade sideways to lower on expectation of further technical correction as sowing progress is encouraging in Gujarat. Recently, export demand drive prices to all-time highs coupled with diminishing stocks with the traders also supporting prices. However, increase in exports demand may drive prices higher.

Turmeric Apr futures expected to trade sideways to lower on expectation of new season arrivals and lower demand for exports. The turmeric prices may get support from the up country demand however supplies from the government auctions and arrivals of medium quality supplies may keep the prices sideways.

The post Agri Commodity Fundamentals – Soybean, RMSeed, Ref Soy Oil, Crude Pal Oil (CPO), Channa, Cotton Kapas, Jeera & Turmeric appeared first on MCX FREE TIPS.

from http://mcx.freetips.tips/mcx-india-commodity-market-news/agri-commodity-fundamentals-soybean-rmseed-cpo-jeera-cotton

[mcxcommoditytip]

Ncdex Agri Commodity Market Outlook Report : 08/12/2017

NCDEX AGRI COMMODITY : Agri-Fundamentals

Soybean

NCDEX Soybean futures closed lower on Thursday due to technical selling by the market participants after it reaches 4 month high. However, the trend is still positive due to reports of good physical demand as Soybean Processors Association of India (SOPA) increased its estimates for meal exports for 2017/18. Moreover, earlier government has increased export incentives by 2% for all meals.

According to SOPA, Soymeal exports from the country in 2017-18 (Oct-Sep) are seen rising to around 20 lakh tn from previous estimate of 15 lakh tn due to a recent rise in export incentives.

According to SEA, India’s soymeal exports during November surged to 207,630 tn from 97,750 tn a year ago. For Apr-Nov, exports of soymeal were estimated at 768,981 tn compared with 204,860 tn a year ago.

US Soybean fell on Thursday, pressured by technical selling amid good progress in Brazil soy planting progress which is ahead of average planting. A sharp fall in China soybean prices pressurize prices. The soybeans in Brazil are 92% planted compared to 87% average. At the start of November the soybean planting was behind the average pace, but good rains during the month allowed planting to move ahead of average by the end of the month.

RMseed (Mustard seed)

Mustard Jan futures continue to close lower for 4th consecutive day yesterday due to steady demand and higher inventories with the traders and farmers. According to Mustard Oil Producers Association of India, mustard stock with Farmers & Processors as on 30th Nov’17 was at 13 lakh tonnes. Mills across the country crushed 475,000 tn of the oilseed in November, up nearly 6% on month.

As per rabi sowing report from the government, the acreage of mustard, another major rabi crop, was at 56 lakh ha, down from 61 lakh ha a year ago. Rajasthan is the largest mustard growing state but the sowing pace is slower than last year at 20.3 lakh ha Vs 27.3 lakh ha.

//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js // <![CDATA[ (adsbygoogle = window.adsbygoogle || []).push({}); // ]]>

Outlook

Soybean futures are expected to trade sideways to higher on good demand for new season crop for domestic crushing as edible oil import duty is hiked. Moreover, higher incentives for oil meal export, good meal exports and higher estimates for meal exports will also support soybean prices.

Mustard futures expected to trade sideways to lower on higher stocks with the oil mills and good start to rabi sowing. However, anticipation of good physical uptake by oil mills on expectation of good winter demand may keep prices supported above 4000 levels.

Refine Soy Oil

Refined Soy Oil Jan contract is on correction mode this week and down close to 1% yesterday due to higher stock levels and weak international prices. The prices have jumped higher when government increase the import duty of all edible oils. The government raised the duty of the crude soy oil to 30% from 17.5% to support domestic oilseed industry and farmers. The physical demand also increased from the bulk buyers on anticipation of further rise in prices.

For the first half of December, government cut the base import price of soy oil, by $18 per tonnes. The government revises base import prices every fortnight, based on global prices and changes in foreign exchange rate. Prices were last revised on Nov 15.

As per latest SEA import report, Soybean oil imports slumped 21% to 220,200 tons in October from a year earlier while imports dropped during the oil year ended Oct. 31 by 22 % to 3.32 mt.

Crude Palm oil

MCX CPO fall more than 1% on Thursday tracking weak overseas prices and strength in rupees during past 15 days. Moreover, government reduced base import price of all edible oils, with the steepest plunge of $26 per tn in crude palm oil for first half of December.

The prices have jumped higher in Nov when center has raised the import duty on crude palm oil to 30% from 15% and on refined oil to 40% from 25% in a bid to curb cheaper shipments and boost local prices for supporting farmers and refiners.

Malaysian palm extended falls into a fourth session on Thursday, hitting their lowest in nearly five months in the evening, tracking weakness in related edible oils. Palm oil prices down by 3.9 % so far this week, heading for a sixth weekly fall, and is down by about 10% since Nov. 1 `

According to Reuter’s survey, Palm oil inventories in Malaysia are forecast to rise to the highest in nearly two years at the end of November. Stockpiles are expected to swell 11.4 % to 2.44 mt from the end of October, while output is expected to fall 3% onmonth to 1.95 mt. Exports are seen falling in November, down 6% at 1.45 mt, the first monthly decline in five months.

Outlook

We expect Ref Soy oil to trade sideways to down due to higher stocks and good domestic crushing. Moreover, higher import duty and good demand from the stockists is supporting edible oil prices at higher levels.

CPO futures may trade sideways to lower due to weaker international palm oil prices and reduced base import prices by the government for first half of December. Increase in import duty to 30% and 40% for crude palm oi and refine palm oil respectively has kept the prices at 10 months high.

Chana

Chana Dec futures continue to trade lower Thursday as fresh selling is seen due to improved sowing progress coupled with higher stocks in the country due to record imports. As per government data, India imported about 4.78 lakh tonnes of chana during April-Sep, up by 430% compared the last year imports.

As per government sowing data, area under the rabi chana crop across the country was up 7.8% on year at 84 lakh ha as on last week. The acreage of chana in MP and Karnataka, the largest and the second-largest grower of pulse, was up 15.7% on year at 30.4 lakh ha, and up 44.6% on year at 12.7 lakh ha, respectively.

To encourage farmers, govt. increase MSP by 10% to Rs. 4,400 per quintal. According to the target estimate released by government, India’s chana production target estimate for 2017-18 is 97.5 mt.

Outlook

Chana futures to trade sideways to down on good sowing progress while higher imports data for the current FY have increase stocks in the country also pressurizing prices.

Cotton / Kapas

MCX Dec Cotton continues to trade lower this week due to fresh selling by the market participants at higher levels. Prices have been trading higher this season on expectation of big fall in output due to pink bollworm attacks in some states. Concerns about crop quality have also impacted prices.

According to trade sources, about 60 lakh bales have arrived in the Indian markets this season compared to 47.3 lakh bales last year till Dec 1.

ICE cotton climbed 2 percent on Thursday, touching a sevenmonth high, as investors rolled over their position to the March contract after expiry of December. Moreover, stronger cotton shipments pushed prices up further.

Shipments of US upland cotton totaled 246,763 RB during the week of Nov 30 which was up 120% from the previous week and 7% higher that this time last year. The USDA also reported 50,368 RB in 2018/19 sales.

Outlook

Cotton futures are expected trade sideways to higher on steady arrivals and loss of production due to pest attack in three biggest cotton growing states. Arrivals are still slow in India with just 1.70 lakh bales reaching mandis daily in early December, when it should have crossed 2.25 lakh bales. Moreover, good physical demand from the mills and traders and commencement of procurement by CCI also keeping prices supportive.

Spices (Jeera & Turmeric)

NCDEX Jan Jeera closed little higher on Thursday on some fresh buying initiated by market participants. Earlier, this week prices have corrected mainly due to encouraging jeera sowing progress in Gujarat. In Gujarat, jeera acreage up by 50% to 2.7 lakh ha this year compared to 1.8 lakh ha last year as on 4 th Dec. As per government data, Jeera exports during first six month of FY 2017/18 (Apr-Sep) is 77,827 tonnes, up 8.4% compared to last year exports volume for the same period. India’s jeera exports in Sep increase 110% on year to 14,742 tn. On the import front, country imported about 998 tonnes of jeera during the month of Sep and thus the imports this FY is higher by about 60% compared to last year.

Turmeric Apr futures closed higher on fresh buying by the Market Participants at lower levels. Earlier, good supplies from the government auctions and lower exports data pressurize prices. The export of turmeric is down by 15.2% to 56,900 tonnes for the first 6 month of FY 2017/18 compared to last years’ exports. The arrivals increase in November this year to 9,431 tonnes compared to 7,211 tonnes last year same month according to Agmarknet data.

Outlook

We expect Jeera Dec futures to trade sideways to lower on expectation of further technical correction as sowing progress is encouraging in Gujarat. Recently, export demand drive prices to all-time highs coupled with diminishing stocks with the traders also supporting prices.

Turmeric futures expected to trade sideways on expectation of new season arrivals and lower demand for exports. The turmeric prices may get support from the up country demand however supplies from the government auctions and arrivals of medium quality supplies may keep the prices sideways

The post Ncdex Agri Commodity Market Outlook Report : 08/12/2017 appeared first on MCX FREE TIPS.

From http://mcx.freetips.tips/mcx-india-commodity-market-news/ncdex-agri-commodity-market-outlook-report-08122017

from https://mcxfreetips0.wordpress.com/2017/12/08/ncdex-agri-commodity-market-outlook-report-08-12-2017/

[commoditytips0]

Ncdex Agri Commodity Market Outlook Report : 08/12/2017

NCDEX AGRI COMMODITY : Agri-Fundamentals

Soybean

NCDEX Soybean futures closed lower on Thursday due to technical selling by the market participants after it reaches 4 month high. However, the trend is still positive due to reports of good physical demand as Soybean Processors Association of India (SOPA) increased its estimates for meal exports for 2017/18. Moreover, earlier government has increased export incentives by 2% for all meals.

According to SOPA, Soymeal exports from the country in 2017-18 (Oct-Sep) are seen rising to around 20 lakh tn from previous estimate of 15 lakh tn due to a recent rise in export incentives.

According to SEA, India’s soymeal exports during November surged to 207,630 tn from 97,750 tn a year ago. For Apr-Nov, exports of soymeal were estimated at 768,981 tn compared with 204,860 tn a year ago.

US Soybean fell on Thursday, pressured by technical selling amid good progress in Brazil soy planting progress which is ahead of average planting. A sharp fall in China soybean prices pressurize prices. The soybeans in Brazil are 92% planted compared to 87% average. At the start of November the soybean planting was behind the average pace, but good rains during the month allowed planting to move ahead of average by the end of the month.

RMseed (Mustard seed)

Mustard Jan futures continue to close lower for 4th consecutive day yesterday due to steady demand and higher inventories with the traders and farmers. According to Mustard Oil Producers Association of India, mustard stock with Farmers & Processors as on 30th Nov’17 was at 13 lakh tonnes. Mills across the country crushed 475,000 tn of the oilseed in November, up nearly 6% on month.

As per rabi sowing report from the government, the acreage of mustard, another major rabi crop, was at 56 lakh ha, down from 61 lakh ha a year ago. Rajasthan is the largest mustard growing state but the sowing pace is slower than last year at 20.3 lakh ha Vs 27.3 lakh ha.

// <![CDATA[ (adsbygoogle = window.adsbygoogle || []).push({}); // ]]>

Outlook

Soybean futures are expected to trade sideways to higher on good demand for new season crop for domestic crushing as edible oil import duty is hiked. Moreover, higher incentives for oil meal export, good meal exports and higher estimates for meal exports will also support soybean prices.

Mustard futures expected to trade sideways to lower on higher stocks with the oil mills and good start to rabi sowing. However, anticipation of good physical uptake by oil mills on expectation of good winter demand may keep prices supported above 4000 levels.

Refine Soy Oil

Refined Soy Oil Jan contract is on correction mode this week and down close to 1% yesterday due to higher stock levels and weak international prices. The prices have jumped higher when government increase the import duty of all edible oils. The government raised the duty of the crude soy oil to 30% from 17.5% to support domestic oilseed industry and farmers. The physical demand also increased from the bulk buyers on anticipation of further rise in prices.

For the first half of December, government cut the base import price of soy oil, by $18 per tonnes. The government revises base import prices every fortnight, based on global prices and changes in foreign exchange rate. Prices were last revised on Nov 15.

As per latest SEA import report, Soybean oil imports slumped 21% to 220,200 tons in October from a year earlier while imports dropped during the oil year ended Oct. 31 by 22 % to 3.32 mt.

Crude Palm oil

MCX CPO fall more than 1% on Thursday tracking weak overseas prices and strength in rupees during past 15 days. Moreover, government reduced base import price of all edible oils, with the steepest plunge of $26 per tn in crude palm oil for first half of December.

The prices have jumped higher in Nov when center has raised the import duty on crude palm oil to 30% from 15% and on refined oil to 40% from 25% in a bid to curb cheaper shipments and boost local prices for supporting farmers and refiners.

Malaysian palm extended falls into a fourth session on Thursday, hitting their lowest in nearly five months in the evening, tracking weakness in related edible oils. Palm oil prices down by 3.9 % so far this week, heading for a sixth weekly fall, and is down by about 10% since Nov. 1 `

According to Reuter’s survey, Palm oil inventories in Malaysia are forecast to rise to the highest in nearly two years at the end of November. Stockpiles are expected to swell 11.4 % to 2.44 mt from the end of October, while output is expected to fall 3% onmonth to 1.95 mt. Exports are seen falling in November, down 6% at 1.45 mt, the first monthly decline in five months.

Outlook

We expect Ref Soy oil to trade sideways to down due to higher stocks and good domestic crushing. Moreover, higher import duty and good demand from the stockists is supporting edible oil prices at higher levels.

CPO futures may trade sideways to lower due to weaker international palm oil prices and reduced base import prices by the government for first half of December. Increase in import duty to 30% and 40% for crude palm oi and refine palm oil respectively has kept the prices at 10 months high.

Chana

Chana Dec futures continue to trade lower Thursday as fresh selling is seen due to improved sowing progress coupled with higher stocks in the country due to record imports. As per government data, India imported about 4.78 lakh tonnes of chana during April-Sep, up by 430% compared the last year imports.

As per government sowing data, area under the rabi chana crop across the country was up 7.8% on year at 84 lakh ha as on last week. The acreage of chana in MP and Karnataka, the largest and the second-largest grower of pulse, was up 15.7% on year at 30.4 lakh ha, and up 44.6% on year at 12.7 lakh ha, respectively.

To encourage farmers, govt. increase MSP by 10% to Rs. 4,400 per quintal. According to the target estimate released by government, India’s chana production target estimate for 2017-18 is 97.5 mt.

Outlook

Chana futures to trade sideways to down on good sowing progress while higher imports data for the current FY have increase stocks in the country also pressurizing prices.

Cotton / Kapas

MCX Dec Cotton continues to trade lower this week due to fresh selling by the market participants at higher levels. Prices have been trading higher this season on expectation of big fall in output due to pink bollworm attacks in some states. Concerns about crop quality have also impacted prices.

According to trade sources, about 60 lakh bales have arrived in the Indian markets this season compared to 47.3 lakh bales last year till Dec 1.

ICE cotton climbed 2 percent on Thursday, touching a sevenmonth high, as investors rolled over their position to the March contract after expiry of December. Moreover, stronger cotton shipments pushed prices up further.

Shipments of US upland cotton totaled 246,763 RB during the week of Nov 30 which was up 120% from the previous week and 7% higher that this time last year. The USDA also reported 50,368 RB in 2018/19 sales.

Outlook

Cotton futures are expected trade sideways to higher on steady arrivals and loss of production due to pest attack in three biggest cotton growing states. Arrivals are still slow in India with just 1.70 lakh bales reaching mandis daily in early December, when it should have crossed 2.25 lakh bales. Moreover, good physical demand from the mills and traders and commencement of procurement by CCI also keeping prices supportive.

Spices (Jeera & Turmeric)

NCDEX Jan Jeera closed little higher on Thursday on some fresh buying initiated by market participants. Earlier, this week prices have corrected mainly due to encouraging jeera sowing progress in Gujarat. In Gujarat, jeera acreage up by 50% to 2.7 lakh ha this year compared to 1.8 lakh ha last year as on 4 th Dec. As per government data, Jeera exports during first six month of FY 2017/18 (Apr-Sep) is 77,827 tonnes, up 8.4% compared to last year exports volume for the same period. India’s jeera exports in Sep increase 110% on year to 14,742 tn. On the import front, country imported about 998 tonnes of jeera during the month of Sep and thus the imports this FY is higher by about 60% compared to last year.

Turmeric Apr futures closed higher on fresh buying by the Market Participants at lower levels. Earlier, good supplies from the government auctions and lower exports data pressurize prices. The export of turmeric is down by 15.2% to 56,900 tonnes for the first 6 month of FY 2017/18 compared to last years’ exports. The arrivals increase in November this year to 9,431 tonnes compared to 7,211 tonnes last year same month according to Agmarknet data.

Outlook

We expect Jeera Dec futures to trade sideways to lower on expectation of further technical correction as sowing progress is encouraging in Gujarat. Recently, export demand drive prices to all-time highs coupled with diminishing stocks with the traders also supporting prices.

Turmeric futures expected to trade sideways on expectation of new season arrivals and lower demand for exports. The turmeric prices may get support from the up country demand however supplies from the government auctions and arrivals of medium quality supplies may keep the prices sideways

The post Ncdex Agri Commodity Market Outlook Report : 08/12/2017 appeared first on MCX FREE TIPS.

from http://mcx.freetips.tips/mcx-india-commodity-market-news/ncdex-agri-commodity-market-outlook-report-08122017 from http://mcxfreetips0.blogspot.com/2017/12/ncdex-agri-commodity-market-outlook.html

[mcxfreetips0]

Ncdex Agri Commodity Market Outlook Report : 08/12/2017

NCDEX AGRI COMMODITY : Agri-Fundamentals

Soybean

NCDEX Soybean futures closed lower on Thursday due to technical selling by the market participants after it reaches 4 month high. However, the trend is still positive due to reports of good physical demand as Soybean Processors Association of India (SOPA) increased its estimates for meal exports for 2017/18. Moreover, earlier government has increased export incentives by 2% for all meals.

According to SOPA, Soymeal exports from the country in 2017-18 (Oct-Sep) are seen rising to around 20 lakh tn from previous estimate of 15 lakh tn due to a recent rise in export incentives.

According to SEA, India’s soymeal exports during November surged to 207,630 tn from 97,750 tn a year ago. For Apr-Nov, exports of soymeal were estimated at 768,981 tn compared with 204,860 tn a year ago.

US Soybean fell on Thursday, pressured by technical selling amid good progress in Brazil soy planting progress which is ahead of average planting. A sharp fall in China soybean prices pressurize prices. The soybeans in Brazil are 92% planted compared to 87% average. At the start of November the soybean planting was behind the average pace, but good rains during the month allowed planting to move ahead of average by the end of the month.

RMseed (Mustard seed)

Mustard Jan futures continue to close lower for 4th consecutive day yesterday due to steady demand and higher inventories with the traders and farmers. According to Mustard Oil Producers Association of India, mustard stock with Farmers & Processors as on 30th Nov’17 was at 13 lakh tonnes. Mills across the country crushed 475,000 tn of the oilseed in November, up nearly 6% on month.

As per rabi sowing report from the government, the acreage of mustard, another major rabi crop, was at 56 lakh ha, down from 61 lakh ha a year ago. Rajasthan is the largest mustard growing state but the sowing pace is slower than last year at 20.3 lakh ha Vs 27.3 lakh ha.

Outlook

Soybean futures are expected to trade sideways to higher on good demand for new season crop for domestic crushing as edible oil import duty is hiked. Moreover, higher incentives for oil meal export, good meal exports and higher estimates for meal exports will also support soybean prices.

Mustard futures expected to trade sideways to lower on higher stocks with the oil mills and good start to rabi sowing. However, anticipation of good physical uptake by oil mills on expectation of good winter demand may keep prices supported above 4000 levels.

Refine Soy Oil

Refined Soy Oil Jan contract is on correction mode this week and down close to 1% yesterday due to higher stock levels and weak international prices. The prices have jumped higher when government increase the import duty of all edible oils. The government raised the duty of the crude soy oil to 30% from 17.5% to support domestic oilseed industry and farmers. The physical demand also increased from the bulk buyers on anticipation of further rise in prices.

For the first half of December, government cut the base import price of soy oil, by $18 per tonnes. The government revises base import prices every fortnight, based on global prices and changes in foreign exchange rate. Prices were last revised on Nov 15.

As per latest SEA import report, Soybean oil imports slumped 21% to 220,200 tons in October from a year earlier while imports dropped during the oil year ended Oct. 31 by 22 % to 3.32 mt.

Crude Palm oil

MCX CPO fall more than 1% on Thursday tracking weak overseas prices and strength in rupees during past 15 days. Moreover, government reduced base import price of all edible oils, with the steepest plunge of $26 per tn in crude palm oil for first half of December.

The prices have jumped higher in Nov when center has raised the import duty on crude palm oil to 30% from 15% and on refined oil to 40% from 25% in a bid to curb cheaper shipments and boost local prices for supporting farmers and refiners.

Malaysian palm extended falls into a fourth session on Thursday, hitting their lowest in nearly five months in the evening, tracking weakness in related edible oils. Palm oil prices down by 3.9 % so far this week, heading for a sixth weekly fall, and is down by about 10% since Nov. 1 `

According to Reuter’s survey, Palm oil inventories in Malaysia are forecast to rise to the highest in nearly two years at the end of November. Stockpiles are expected to swell 11.4 % to 2.44 mt from the end of October, while output is expected to fall 3% onmonth to 1.95 mt. Exports are seen falling in November, down 6% at 1.45 mt, the first monthly decline in five months.

Outlook

We expect Ref Soy oil to trade sideways to down due to higher stocks and good domestic crushing. Moreover, higher import duty and good demand from the stockists is supporting edible oil prices at higher levels.

CPO futures may trade sideways to lower due to weaker international palm oil prices and reduced base import prices by the government for first half of December. Increase in import duty to 30% and 40% for crude palm oi and refine palm oil respectively has kept the prices at 10 months high.

Chana

Chana Dec futures continue to trade lower Thursday as fresh selling is seen due to improved sowing progress coupled with higher stocks in the country due to record imports. As per government data, India imported about 4.78 lakh tonnes of chana during April-Sep, up by 430% compared the last year imports.

As per government sowing data, area under the rabi chana crop across the country was up 7.8% on year at 84 lakh ha as on last week. The acreage of chana in MP and Karnataka, the largest and the second-largest grower of pulse, was up 15.7% on year at 30.4 lakh ha, and up 44.6% on year at 12.7 lakh ha, respectively.

To encourage farmers, govt. increase MSP by 10% to Rs. 4,400 per quintal. According to the target estimate released by government, India’s chana production target estimate for 2017-18 is 97.5 mt.

Outlook

Chana futures to trade sideways to down on good sowing progress while higher imports data for the current FY have increase stocks in the country also pressurizing prices.

Cotton / Kapas

MCX Dec Cotton continues to trade lower this week due to fresh selling by the market participants at higher levels. Prices have been trading higher this season on expectation of big fall in output due to pink bollworm attacks in some states. Concerns about crop quality have also impacted prices.

According to trade sources, about 60 lakh bales have arrived in the Indian markets this season compared to 47.3 lakh bales last year till Dec 1.

ICE cotton climbed 2 percent on Thursday, touching a sevenmonth high, as investors rolled over their position to the March contract after expiry of December. Moreover, stronger cotton shipments pushed prices up further.

Shipments of US upland cotton totaled 246,763 RB during the week of Nov 30 which was up 120% from the previous week and 7% higher that this time last year. The USDA also reported 50,368 RB in 2018/19 sales.

Outlook

Cotton futures are expected trade sideways to higher on steady arrivals and loss of production due to pest attack in three biggest cotton growing states. Arrivals are still slow in India with just 1.70 lakh bales reaching mandis daily in early December, when it should have crossed 2.25 lakh bales. Moreover, good physical demand from the mills and traders and commencement of procurement by CCI also keeping prices supportive.

Spices (Jeera & Turmeric)

NCDEX Jan Jeera closed little higher on Thursday on some fresh buying initiated by market participants. Earlier, this week prices have corrected mainly due to encouraging jeera sowing progress in Gujarat. In Gujarat, jeera acreage up by 50% to 2.7 lakh ha this year compared to 1.8 lakh ha last year as on 4 th Dec. As per government data, Jeera exports during first six month of FY 2017/18 (Apr-Sep) is 77,827 tonnes, up 8.4% compared to last year exports volume for the same period. India’s jeera exports in Sep increase 110% on year to 14,742 tn. On the import front, country imported about 998 tonnes of jeera during the month of Sep and thus the imports this FY is higher by about 60% compared to last year.

Turmeric Apr futures closed higher on fresh buying by the Market Participants at lower levels. Earlier, good supplies from the government auctions and lower exports data pressurize prices. The export of turmeric is down by 15.2% to 56,900 tonnes for the first 6 month of FY 2017/18 compared to last years’ exports. The arrivals increase in November this year to 9,431 tonnes compared to 7,211 tonnes last year same month according to Agmarknet data.

Outlook

We expect Jeera Dec futures to trade sideways to lower on expectation of further technical correction as sowing progress is encouraging in Gujarat. Recently, export demand drive prices to all-time highs coupled with diminishing stocks with the traders also supporting prices.

Turmeric futures expected to trade sideways on expectation of new season arrivals and lower demand for exports. The turmeric prices may get support from the up country demand however supplies from the government auctions and arrivals of medium quality supplies may keep the prices sideways

The post Ncdex Agri Commodity Market Outlook Report : 08/12/2017 appeared first on MCX FREE TIPS.

from http://mcx.freetips.tips/mcx-india-commodity-market-news/ncdex-agri-commodity-market-outlook-report-08122017