Fundamental Aspect: Turmeric prices tumbled down as the arrivals pick up. Traders were buying limited stock for their turmeric Grinding units. They are waiting for upcountry demand”, said RKV Ravishankar, President, Erode Turmeric Merchants Association. At the Erode Turmeric Merchants Association Sales yard, only 30 percent turmeric was sold. But the sale was encouraging at the Erode Cooperative Marketing Society as 90 percent...
Fundamental Aspect: Turmeric prices tumbled down as the arrivals pick up. Traders were buying limited stock for their turmeric Grinding units. They are waiting for upcountry demand”, said RKV Ravishankar, President, Erode Turmeric Merchants Association. At the Erode Turmeric Merchants Association Sales yard, only 30 percent turmeric was sold. But the sale was encouraging at the Erode Cooperative Marketing Society as 90 percent of...
Fundamental Aspect: Some exporters are flouting export norms and adulterating jeera before shipping it out of the country, two leading industry officials said on condition of anonymity. The adulteration of export-quality jeera is continuing despite stringent measures put in place by the Spices Board India. "These exports (of adulterated jeera) are done mainly to Brazil, Mexico, Egypt, Dubai, and South America among other...
Fundamental Aspect: With the monsoon playing truant, the Union Cabinet on Wednesday tried to alleviate the suffering of farmers by announcing new floor prices for major Kharif crops. The hike in minimum support price (MSP) announced ranged from 1 percent to 9 percent. While the floor price of common paddy would go up by ₹65 to ₹1,815 per quintal as per the hike announced on Wednesday, the MSP of soybean has been increased to ₹3,710...
Fundamental Aspect: With the monsoon playing truant, the Union Cabinet on Wednesday tried to alleviate the suffering of farmers by announcing new floor prices for major Kharif crops. The hike in minimum support price (MSP) announced ranged from 1 percent to 9 percent. While the floor price of common paddy would go up by ₹65 to ₹1,815 per quintal as per the hike announced on Wednesday, the MSP of soyabean has been increased to ₹3,710...
Fundamental Aspect: Strong arrivals against weak demand have extended losses in jeera market. The daily arrivals have been reported at 8000 bags against the total demand of 1500 bags. The prices have been trading in the range of Rs 17200-17250 per quintal. Source: IIFL Mentha oil suffered losses in trade in the previous session after a fall in demand by consuming industries at spot markets. Market...
Fundamental Aspect: Mentha oil suffered losses in trade in the previous session after a fall in demand by consuming industries at spot markets. Market participants trimmed positions in mentha oil futures due to a fall in demand from consuming industries at the spot market against adequate supplies from key producing regions. Source: ET The U.S. Department of Agriculture (USDA) on Friday reported a large soybean sale to...
Fundamental Aspect: The U.S. Department of Agriculture (USDA) on Friday reported a large soybean sale to China, an apparent goodwill gesture a day before the first meeting between U.S. President Donald Trump and Chinese President Xi Jinping in seven months, which is a supportive factor for the prices of Soybean in both international and domestic market. Turmeric looks weak on the chart for now as monsoon has already arrived in...
We saw a panic in the prices of Agri-Commodities in the initial weeks of month of June and then the last week was mainly about range-bound trading. But, now get ready for a clear direction in NCDEX Segment as monsoon has arrived… RMSEED (July) RMSEED looks positive on the chart as there is a pick up in the demand in spot market from Oil mills amid tight supply. It has been trading in a range since a week now and we...
Fundamental Aspect: The price of cardamom has reached an all-time high of Rs 5,000 per kg on Thursday due to the sharp decline in output due to the August 2018 floods followed by the drought in main cardamom growing areas in Idukki district. Although cardamom growers are happy about the upward spiral of the price they are not getting the full benefit due to lack of stocks with them. The small growers are the disappointed lot...
