Commodity Market Trading Tips-Cotton exports may touch 7 million bales on discount lure

Cotton exports from the country are likely to touch seven million bales this marketing year started October 2017, up about 27 per cent from the earlier estimate, due to a surge in demand, particularly from China, as Indian cotton is selling at discount.

“Indian cotton is trading at huge discount not seen in many years. A lot of export inquires are coming mainly because of the discounts,” said Naveen Chaurasia, vice president at Olam Agro India , a Gurgaon-headquartered agricultural  products exporter and distributor.

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With Indian cotton selling at discounts of 7-10 cents per pound, there is demand for all qualities of cotton, traders said. Traders have exported more than 1.5 lakh bales of cotton to China during last 10 days as China took counter actions after the US imposed trade restrictions on the Asian giant. “We started getting inquiries right from the day the news of US taxes on China was announced,” said Atul Ganatra, president of Cotton Association of India (CAI).

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कमोडिटी मार्केट: चने पर दबाव, क्या करें

एग्री कमोडिटी बाजार में चना और सरसों में दबाव दिख रहा है। नई फसल की आवक से कीमतों में गिरावट का रुख है। हालांकि मध्य प्रदेश सरकार कल से राज्य में चना, मसूर और सरसों की सरकारी खरीद शुरू करने जा रही है। ये खरीद 10 अप्रैल से शुरू होगा और 31 मई तक जारी रहेगी।

गेहूं, चना, सरसों और मसूर की कटाई चल रही है और इस बीच मौसम का मिजाज भी बिगड़ गया है। पिछले हफ्ते से ही जारी उत्तर भारत के कई इलाकों में बारिश अभी भी जारी है। पंजाब और हरियाणा की मंडियों में रखा अनाज पूरी तरह से भीग गया है। खास करके किसानों को भारी नुकसान की आशंका है। इसके बावजूद गेहूं में गिरावट बढ़ गई है और वायदा में ये 2 महीने के निचले स्तर पर चला गया है। नई फसल की आवक से गेंहूं कीमतों पर दबाव बना है।

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नान-एग्री की बात करें तो डॉलर में आई रिकवरी से ग्लोबल मार्केट में सोने की कीमतों पर दबाव दिख रहा है और कॉमैक्स पर सोना हल्की गिरावट के साथ कारोबार कर रहा है। इसका भाव 1330 डॉलर के आसपास है। हालांकि बेस मेटल में मजबूती से चांदी को सपोर्ट है और इसमें हल्की बढ़त पर कारोबार हो रहा है। इस बीच पिछले हफ्ते की भारी गिरावट के बाद कच्चे तेल में रिकवरी आई है और ब्रेंट का दाम करीब 0.5 फीसदी बढ़कर 67 डॉलर के ऊपर चला गया है। वहीं नायमैक्स क्रूड में भी 62.5 डॉलर के पास कारोबार हो रहा है।

इस बीच लंदन मेंटल एक्सचेंज पर एल्युमिनियम का दाम करीब 2 फीसदी उछल गया है। घरेलू बाजार में ये 1 फीसदी ऊपर कारोबार कर रहा है। अमेरिका में रूस के बिजनैस मेन और कंपनियों पर पाबंदी लगाने से एल्युमिनियम की सप्लाई में कमी की आशंका है। एल्युमिनियम में आई तेजी से लंदन मेंटल एक्सचेंज पर कॉपर और दूसरे मेटल में भी बढ़त पर कारोबार हो रहा है। हालांकि चीन में निकेल और जिंक की कीमतों में तेज गिरावट आई है। दरअसल चीन में आयरन ओर का दाम पिछले 10 महीने के निचले स्तर पर लुढ़क गया है।

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कमोडिटी मार्केट: तिलहन में सुस्ती, क्या करें

कल की जोरदार तेजी के बाद ऑयल सीड्स में आज सुस्ती आई है दरअसल में चीन और अमेरिका के बीच ट्रेड वॉर के डर से अंतरराष्ट्रीय बाजार में सोयाबीन सुस्त है जिसका असर घरेलू बाजार पर भी पड़ा है। अर्जेंटीना में उत्पादन में कमी की आशंका से भी इसको सपोर्ट नहीं मिल रहा है। मलेशिया में पॉम ऑयल की कीमतों में तेजी आई है। इस बीच भारत ने बल्क में तेलों का एक्सपोर्ट खोल दिया है और समर्थन मूल्य पर सरसों की खरीद शुरू हो गई है।

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नान-एग्री की बात करें तो कच्चे तेल में आज थोड़ी रिकवरी देखने को मिल रही है। हालांकि, क्रूड के आउटलुक को लेकर मिक्स सिग्नल मिल रहे हैं। एक तरफ तो अमेरिका में ड्रिलिंग एक्विटी सुस्त पड़ी हैं दूसरी तरफ रूस और सऊदी अरब की तरफ से मंदी के संकेत मिल रहे हैं

उधर सोने में कल की तेजी के बाद आज मुनाफावसूली देखने को मिल रही है। डॉलर में कमजोरी से भी सोने को सपोर्ट नहीं मिल रहा है। उधर अंतरराष्ट्रीय बाजार में मेटल्स आज तेजी के साथ कारोबार कर रहे हैं। चीन के बेहतर मैन्युफैक्चरिंग आंकड़ों के चलते लंदन मेटल एक्सचेंज में कॉपर के दाम 1 हफ्ते के ऊपरी स्तर पर पहुंच गए हैं।

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डेढ़ गुनी एमएसपी, ये राह नहीं आसां!

खरीफ की फसलों का 1.5 गुना समर्थन मूल्य देना सरकार के लिए आसान नहीं है। कृषि मंत्रालय के गणित के मुताबिक ऐसा करने के लिए सरकार को सालाना 1.25 लाख करोड़ रुपये की जरुरत होगी। बता दें कि बजट में सरकार ने डेढ़ गुना एमएसपी देने का वादा किया है। डेढ़ गुना एमएसपी के लिए सालाना 1.25 लाख करोड़ रुपये की जरुरत है। रकम का अनुमान कृषि मंत्रालय ने नीति आयोग को दिया है।

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12 फसलों की एमएसपी डेढ़ गुनी करने पर ये रकम खर्च होगी। इसमें चावल, ज्वार, रागी, बाजरा, मूंगफली, सोयाबीन शामिल हैं। मूंग, मक्का, तूर की खरीद भी एमएसपी पर करनी होगी। इसके लिए नीति आयोग तीन फार्मूलों पर विचार कर रहा है। अप्रैल में इस स्कीम के लागू करने की तैयारी है। वहीं भावांतर स्कीम व्यापारियों के जरिए लागू हो सकती है। वैसे मध्य प्रदेश में भावांतर स्कीम फेल हो गई है।

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Agri-commodity: Crude palm oil, cardamom fall on profit booking

Chana prices spurted by 2.01 per cent to Rs 784.05 per quintal in futures trade today as participants raised bets, driven by upsurge in demand from dal mills in the spot market.

Besides, tight stocks position following fall in arrivals from producing regions, fuelled the uptrend.

At the National Commodity and Derivatives Exchange, chana for delivery in April rose by Rs 72, or 2.01 per cent, to Rs 3,656 per quintal with an open interest of 80,080 lots.

Likewise,the commodity for delivery in May contracts was trading higher by Rs 63, or 1.74 per cent, to Rs 3,677 per quintal in 31,110 lots.

Analysts attributed the sharpBSE -4.95 % rise in chana prices to an uptick in demand in the physical market against restricted supplies from producing regions.

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Crude palm oil futures:
Crude palm oil prices fell 0.47 per cent to Rs 641.50 per 10 kgs in futures trade today as speculators booked profits at higher levels amid fall in demand in the spot market.

Further, mounting stocks on relentless supplies from growing regions also kept prices down.

At the Multi Commodity Exchange, crude palm oil for delivery in the current month eased Rs 3, or 0.47 per cent, to Rs 641.50 per 10 kgs, in a business turnover of 107 lots.

The oil for delivery in April contracts traded lower by Rs 2.20, or 0.34 per cent, to Rs 650.70 per 10 kgs in 272 lots.

Analysts said profit-booking by speculators at current levels and a fall in demand in the spot market weighed on crude prices.

Refined soya oil futures:
Refined soya oil prices moved down by 0.43 per cent to Rs 784.05 per 10 kg in futures market today as speculators reduced bets, amid easing demand in the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in May drifted down by Rs 3.40, or 0.43 per cent to Rs 784.05 per 10 kg with an open interest of 30,360 lots.

Similarly, the oil for delivery in April contracts declined by Rs 3.15, or 0.40 per cent, to Rs 777 per 10 kg in 61,410 lots.

Analysts said offloading of positions by participants following fall in demand in the physical market against sufficient stocks position on increased arrivals from producing belts, weighed on refined soya oil prices at futures trade.

Cardamom futures:
Cardamom prices dropped by Rs 8.80 to Rs 1,062.50 per kg in futures market today as speculators booked profits at prevailing levels amid easing demand at spot market.

At the Multi Commodity Exchange, cardamom for delivery in May contracts declined by Rs 8.80, or 0.82 per cent, to Rs 1,062.50 per kg in a business turnover of 7 lots.

The spice for delivery in April contracts was down by Rs 5.30, or 0.51 per cent, to Rs 1,044 per kg, with a trading volume of 12 lots.

Marketmet said participants offloaded positions amid sluggish demand at spot market against adequate stocks position on higher supplies from producing regions.

Mentha oil futures:
Mentha oil prices fell 2.15 per cent to Rs 1,240.40 per kg in futures trade today as speculators trimmed positions on muted demand from consuming industries in the spot market.

Besides, ample stocks position on higher supplies from major producing belts of Chandausi in Uttar Pradesh fuelled the downtrend.

At the Multi Commodity Exchange, mentha oil for delivery in April contract declined Rs 27.30, or 2.15 per cent, to Rs 1,240.40 per kg in a business turnover of 474 lots.

On similar lines, the oil for delivery in far-month May contracts traded lower by Rs 19, or 1.66 per cent, at Rs 1,127 per kg in 24 lots.

Analysts said offloading of positions by participants amid subdued demand from consuming industries in spot market led to the decline in mentha oil prices in futures trade.

Jeera futures:
Jeera prices fell Rs 220 to trade at Rs 14,600 per quintal in futures market today as speculators trimmed positions to book profits at prevailing levels amid lower domestic and exports demand.

Also, ample stock positions following higher supplies from the producing regions fuelled the downtrend.

At the National Commodity and Derivatives Exchange, jeera for delivery in April contracts fell Rs 220, or 1.48 per cent, to trade at Rs 14,600 per quintal with an open interest of 8,070 lots.

Similarly, the spice for delivery in May contracts moved down by Rs 155, or 1.02 per cent, to Rs 15,050 per quintal in 1,203 lots.

Analysts said besides profit-booking by speculators at existing levels, fall in demand at the spot market against adequate stock positions, kept pressure on jeera futures.

Castor seed futures:
Castor seed prices slipped by Rs 5 to Rs 4,080 per quintal in futures trading today as traders preferred to cut down holdings in line with weak sentiment amid feeble export demand.

Market players said weak spot markets sentiment due to weak demand for paint, soap and lubricant industries amid abound availability of ready stocks in the market discouraged traders, resulting in fall in castor seed futures prices.

Besides, slackness in export demand too weighed on castor seed futures prices, they quoted.

At the National Commodity and Derivatives Exchange castor seed delivery for the most traded April month went down by Rs 5 or 0.12 per cent to Rs 4,080 per quintal, in an open interest of 46,860 lots.

Also, the delivery of the second contract May month edged down by Rs 4 or 0.10 per cent to Rs 4,129 per quintal, having an open interest of 24,560 lots.

Mustard seed futures:
Mustard seed prices gained Rs 14 to Rs 3,967 per quintal in futures trade today on accumulation of bets by traders in tune with strong physical demand.

Market players said reduced arrivals and strong demand from oil mills in spot markets bolstered trading sentiments in mustard seed futures prices.

At the National Commodity and Derivative Exchange, mustard seed delivery for April contracts moved up by Rs 14, or 0.35 per cent, to Rs 3,967 per quintal with an open interest of 46,690 lots.

Similarly, the delivery of May contracts edged up by Rs 10 or 0.25 per cent to Rs 4,012 per quintal, showing an open interest of 40,210 lots.

At the National Commodity and Derivative Exchange, mustard seed delivery for April contracts moved up by Rs 14, or 0.35 per cent, to Rs 3,967 per quintal with an open interest of 46,690 lots.

Similarly, the delivery of May contracts edged up by Rs 10 or 0.25 per cent to Rs 4,012 per quintal, showing an open interest of 40,210 lots.

Turmeric futures:
Turmeric prices weakened by 1.97 per cent to trade at Rs 6,546 per quintal in futures market today as participants reduced exposure, triggered by sufficient stocks position at the spot market.

Moreover, mounting of stocks followed by increase in arrivals from the growing regions also weighed on turmeric prices.

At the National Commodity and Derivatives Exchange, turmeric for delivery in April contract declined by Rs 132, or 1.97 per cent, to trade at Rs 6,546 per quintal with an open interest of 8,030 lots.

Similarly, the contract for May was trading at Rs 6,658, down by 1.65 per cent or Rs 112, with trading volume of 7,320 lots.

Market analysts said offloading of positions by traders, triggered by fall in demand at the domestic spot markets against adequate stocks position on increased supplies, mainly kept pressure on turmeric prices in futures trade.

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Agri-commodities Market Tips: Soyabean, chana fall on tepid demand

Soyabean prices came down by Rs 40 to Rs 3,756 per quintal in futures trade today after participants reduced holdings, taking weak cues from the overseas markets.

At the National Commodity and Derivative Exchange, soybean for delivery in April contracts tumbled Rs 40 or 1.05 per cent to Rs 3,756 per quintal, having a business turnover of 2,35,960 open lots.

Soyabean for delivery in the current month also fell by Rs 24, or 0.64 per cent, to Rs 3,748 per quintal with an open interest of 19,700 lots.

Market players said trimming of bets by the participants in tandem with a weak trend in global markets led to fall in soyabean futures prices.

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In addition, weakening trend in edible oils prices also put pressure on the soyabean futures prices, they said.

Refined soya oil futures: 
Refined soya oil prices drifted down by 0.75 per cent to Rs 783 per 10 kg in futures trade today as speculators reduced exposure, taking negative cues from spot market on subdued demand.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in April fell by Rs 5.90, or 0.75 per cent, to Rs 783 per 10 kg with an open interest of 66,540 lots.

Similarly, the oil for delivery in March contract was trading lower by Rs 2.50, or 0.32 per cent, to Rs 767.50 per 10 kg in 8,350 lots.
Analysts said offloading of positions by participants owing to slackened demand in the physical market against ample stocks position on increased arrivals from producing belts led to the decline in refined soya oil futures.

Chana futures: 
Chana prices slipped by 1.32 per cent to Rs 3,725 per quintal in futures market today as participants reduced exposure amid fall in demand at the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, chana for delivery in far-month April fell by Rs 50, or 1.32 per cent to Rs 3,725 per quintal with an open interest of 90,420 lots.

Likewise, the commodity for delivery in March contracts was down by Rs 43, or 1.12 per cent, to Rs 3,784 per quintal in 7,840 lots.

Analysts attributed the fall in chana futures to cutting down of positions by traders due to decline in demand in the physical markets against sufficient stocks position.

Wheat futures:
Wheat prices eased by 0.75 per cent to Rs 1,775 per quintal in futures trade today as speculators reduced holdings, triggered by sufficient stocks position on higher supplies in the spot market.

At the National Commodity and Derivatives Exchange, wheat for delivery in April declined by Rs 13, or 0.73 per cent, to Rs 1,775 per quintal with an open interest of 1,140 lots.

Market analysts said offloading of positions by traders, driven by ample stocks position on increased arrivals from producing belts in the physical market against low demand, put pressure on wheat futures.

Mentha oil futures:
Mentha oil prices moved up by 1.82 per cent to Rs 1,221.60 per kg in futures market today as speculators raised bets, driven by pick-up in demand from consuming industries in the domestic spot market.

At the Multi Commodity Exchange, mentha oil for delivery in far-month April rose by Rs 21.80, or 1.82 per cent to Rs 1,221.60 per kg in a business turnover of 91 lots.

In a similar fashion, the oil for delivery in March contracts went up by Rs 17.30, or 1.43 per cent, to Rs 1,224 per kg in 166 lots.

Marketmen said widening of positions by participants following rising demand from consuming industries in the spot market against tight stocks position on fall in supplies from Chandausi, attributed the rise in mentha oil prices in futures trade.

Cardamom futures: 
Cardamom prices drifted lower by 1.93 per cent to Rs 1,041 per kg in futures trade today as speculators cut bets amid fall in demand in the spot markets against adequate stocks position.

At the Multi Commodity Exchange, cardamom for delivery in April fell by Rs 20.50, or 1.93 per cent, to Rs 1,041 per kg in business turnover of 41 lots.

Similarly, the spice for delivery in May contracts was trading lower by Rs 20.20, or 1.86 per cent, to Rs 1,068.10 per kg in 2 lot.

Analysts said offloading of positions by traders owing to slackened demand in the physical market against ample stocks position on increased supplies from producing belts weighed on cardamom prices in futures trade.

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