Agri-Commodity Update 6th February -2020
  • posted by IMV |
  • 06/2/2020

 Fundamental Aspect: Guar seed prices on Wednesday rose by Rs 42 to Rs 3,918 per 10 quintals in futures trade after participants widened their holdings driven by a firm trend in the spot market. On the National Commodity and Derivatives Exchange, guar seed for February contracts rose by Rs 42, or 1.08 percent, to Rs 3,918 per 10 quintals with an open interest of 37,615 lots. Similarly, guar seed for March delivery gained Rs 40 to...

Agri Commodity Update (5th February 2020)
  • posted by IMV |
  • 05/2/2020

  Fundamental Aspect: Palm oil market hit by two ‘C’s: crude oil and coronavirus A deadly combination of two ‘C’s has hit the palm oil market. A rapid decline in crude oil prices and the upheaval over the rapid spread of China-centered Wuhan Coronavirus has pummeled the palm oil market, bringing the bull run of the last three months to a premature end. Crude palm oil (CPO) rates have seen a sharp correction of 10 percent...

Agri Commodity Update  (4th February 2020)
  • posted by IMV |
  • 04/2/2020

  Fundamental Aspect: Palm oil market hit by two ‘C’s: crude oil and coronavirus A deadly combination of two ‘C’s has hit the palm oil market. A rapid decline in crude oil prices and the upheaval over the rapid spread of China-centered Wuhan Coronavirus has pummeled the palm oil market, bringing the bull run of the last three months to a premature end. Crude palm oil (CPO) rates have seen a sharp correction of 10 per cent from...

Agri Commodity Update  (3rd February 2020)
  • posted by IMV |
  • 03/2/2020

 Fundamental Aspect: COMMENT Chana in Indore mandis has been ruling lower for the past few days on better crop report and pressure of government stock, with chana (kanta) being quoted at ₹4,100-4,125 a quintal, while chana (desi) declined to ₹4,050 and chana (vishal) to ₹4,000. Chana dal (average) was quoted at ₹4,950-5,000, chana dal (medium) at ₹5,150-5,250, while chana dal (bold) ruled at ₹5,350-5,450. Dollar chana was quoted at...

Agri Commodity Update (31st January 2020 )
  • posted by IMV |
  • 31/1/2020

 Fundamental Aspect: U.S. soybean farmers face multiple obstacles that are out of their control. They have to survive the weather (which was horrible last year with huge rainfalls at the wrong time of the year) to accepting commodity prices. Over the past two years, they have also had to face President Trump’s trade war, which caused soybean prices to plummet and in the past few months, the African Swine Flu in China has lessened...

Agri Commodity Update  (30th January 2020)
  • posted by IMV |
  • 30/1/2020

 Fundamental Aspect U.S. soybean farmers face multiple obstacles that are out of their control. They have to survive the weather (which was horrible last year with huge rainfalls at the wrong time of the year) to accepting commodity prices. Over the past two years, they have also had to face President Trump’s trade war, which caused soybean prices to plummet and in the past few months, the African Swine Flu in China has lessened...

Agri-Commodity Update  (29th January 2020 )
  • posted by IMV |
  • 29/1/2020

 Fundamental Aspect: NCDEX Chana saw a volatile trend after recent declines. Demand is slowing picking up as the arrivals in Northern mandies have not yet started. The benchmark NCDEX Chana futures are currently trading at Rs 4110 per quintal, almost unchanged on the day after edging up near Rs 4140 per quintal at the start of the trade. The supplies in select mandies in South India have started and buying interest has been...

Agri-Commodity Update  (28th January 2020)
  • posted by IMV |
  • 28/1/2020

 Fundamental Aspect: NCDEX Chana saw a volatile trend after recent declines. Demand is slowing picking up as the arrivals in Northern man dies have not yet started. The benchmark NCDEX Chana futures are currently trading at Rs 4110 per quintal, almost unchanged on the day after edging up near Rs 4140 per quintal at the start of the trade. The supplies in selectman dies in South India have started and buying interest has been...

WEEKLY UPDATE ON AGRI COMMODITIES (27th Jan - 31st Jan 2020)
  • posted by IMV |
  • 27/1/2020

 SOYBEAN We have seen a steep fall in Soybean from higher levels as it took a heavy correction. Now that it has corrected till 50% of the previous rally, we can expect a bounce back from here onwards. Immediate support is 4080, break and close below it will see 3990---3850 levels in coming days. But it we will not be able to sustain below 4080, then we can expect an upside move till 4250---4340 levels. The...

Agri-Commodity Update 20th January -2020
  • posted by IMV |
  • 20/1/2020

 Fundamental Aspect: The holiday mood seems to have dampened the spirit of cardamom auctions on Friday at Bodinayakanur, which reported a drop of Rs 50 per kg across all categories in the afternoon trade. However, the market remained steady in the morning session because of limited arrivals at 10.46 tonnes. According to traders, most of the upcountry buyers have stayed away from the market and the Pongal season kept local...