Ref Soyoil Dropped Due To Firmness In Indian Rupee

Ref.Soya oil trading range for the day is 714-728.

Ref soyoil dropped due to firmness in Indian rupee and expectations of higher domestic availability of soyoil on the back of bumper output of soybean.

India's 2018-19 soybean production is projected at 13.46 million tons, up 22.5% over previous year, agriculture ministry data showed.

India's October soyoil imports were down at 264,089 tons from 341,402 tons a month ago.

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Jeera Settled Down Due To Abundant Supply While The Export Demand

Jeera trading range for the day is 18945-19625.

Jeera settled down due to abundant supply while the export demand is seen lower.

Meanwhile, jeera arrivals in Unjha mandi, Gujarat were 4,061 bags, compared to 3,102 bags.

NCDEX accredited warehouses jeera stocks dropped by 24 tonnes to 2194 tonnes.

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Turmeric Prices Gained On Short Covering After Prices Dropped

Turmeric trading range for the day is 6310-6514.

Turmeric prices gained on short covering after prices dropped on higher supply amid weak demand in the physical market.

This year turmeric output is expected to rise following higher acreage which is also weighing on prices.

NCDEX accredited warehouses turmeric stocks dropped by 95 tonnes to 3329 tonnes.

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Mentha Oil Spot At Sambhal Closed At 1839.20 Per 1kg. Spot Prices

Mentha oil trading range for the day is 1647.6-1724.2.

Mentha oil spot at Sambhal closed at 1839.20 per 1kg. Spot prices was down by Rs.-2.20/-.

Menthaoil settled up due to bullish demand outlook from domestic market as well as exporters.

Spot markets are also witnessing strong consumption demand amid restricted supplies.


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Jeera Trading Range For The Day Is 18915-20365

Jeera trading range for the day is 18915-20365.

Jeera dropped on profit booking seen after news that Gujarat government is providing water in canal for rabi crops amid scanty rains.

As per reports, jeera exports in 2018/19 has crossed 1 lakh tonnes, up 54.8% compared to exports last year for same period.

NCDEX accredited warehouses jeera stocks dropped by 236 tonnes to 2401 tonnes.

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CPO Dropped Amid Rising Inventories In The World's Second Biggest Producer

CPO trading range for the day is 490.7-509.3.

CPO dropped amid rising inventories in the world's second-biggest producer and physical demand showed no signs of improvement.

Stockpiles at the end of October increased 7.6 percent from the previous month to 2.72 million tonnes, while production rose 6 percent to 1.96 million tonnes.

Inventories in top producers Indonesia and Malaysia were expected to rise for the next two months, with demand unlikely to jump from key buyers as palm oil solidifies in winter months.

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Turmeric Dropped Amid Lower Than Expected Exports And Higher Sowing

Turmeric trading range for the day is 6330-6574.

Turmeric dropped amid lower than expected exports and higher sowing turmeric areas of Tamilnadu, Karnataka and Maharashtra.

Turmeric sowing in all major producing states is higher than last year as weather remained favourable.

NCDEX accredited warehouses turmeric stocks dropped by -15 tonnes to 3447 tonnes.

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Mentha Oil Spot At Sambhal Closed At 1944.50 Per 1kg. Spot

Mentha oil trading range for the day is 1773.2-1814.2.

Mentha oil spot at Sambhal closed at 1944.50 per 1kg. Spot prices was down by Rs.-8.10/-.

Menthaoil settled down as spot markets are witnessing low demand amid adequate supply which weighed on prices.

According to preliminary estimates, mentha oil production in 2018-19 would be 40,000-45,000 ton against last year's production of 35,000 tons.

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Jeera Prices Dropped On Profit Booking After Prices Gained

Jeera trading range for the day is 20300-20990.

Jeera prices dropped on profit booking after prices gained amid lack of arrivals and reports of lower sowing this season.

Jeera sowing has commenced in Gujarat and has been planted on 36,600 hectares, showed Gujarat state agriculture data.

NCDEX accredited warehouses jeera stocks gained by 350 tonnes to 3210 tonnes.

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Turmeric Dropped Amid Improved Acreage And Higher Arrivals

Turmeric trading range for the day is 6560-6728.

Turmeric dropped amid improved acreage and higher arrivals from growing areas.

However downside seen limited amid concerns that drought condition in Maharashtra and Karnataka will affect Turmeric standing crop.

NCDEX accredited warehouses turmeric stocks gained by 48 tonnes to 3392 tonnes.

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Cardamom Dropped Tracking Weakness In Spot Demand Amid

Cardamom trading range for the day is 1443.9-1471.9.

Cardamom dropped tracking weakness in spot demand amid profit booking after prices gained due to heavy losses to crop due heavy losses to crop

Export of cardamom from the country during 2017-18 spurted 48% to 5,680 ton from 3,850 ton a year ago.

Around 25 tn of new arrivals are coming at auctions daily, which is 25-30% of the total arrivals.

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Cotton Prices Gained On Low Arrivals And Due To Lower Production Forecast

Cotton trading range for the day is 22140-22740.

Cotton prices gained on low arrivals and due to lower production forecast.

Cotton production in 2018-19 is likely to fall 4.7% from the previous season to 34.8 million bales due to scanty rainfall.

Indian Cotton Federation said that the availability of cotton in the country would be comfortable in 2018-19 seasons.
  
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Turmeric Prices Ended With Flat Node After Prices Seen Supported On Strong Demand

Turmeric trading range for the day is 6600-6736.

Turmeric prices ended with flat node after prices seen supported on strong demand in the physical market and subdued stock.

Acreage of turmeric in Erode may jump nearly 80% on year to 5,300 ha in 2018-19 because of very good rainfall this year

NCDEX accredited warehouses turmeric stocks gained by 338 tonnes to 3303 tonnes.

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Ref Soyoil Gained As There Is Consistent Increase In Demand

Ref.Soya oil trading range for the day is 754-772.

Ref soyoil gained as there is consistent increase in demand from stockists due to coming festival.

India’s oilmeal exports for the month of September 2018 reported a decline of about 73 per cent, the data showed.

For the first fortnight of October, base import price of crude soyoil cut to $701 per tn from $714 per tn.
  
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Soyabean Trading Range For The Day Is 3212-3366

Soyabean trading range for the day is 3212-3366.

Soyabean prices gained on improving crushing demand from oil mills, anticipation of exports demand for soy meal exports and MSP procurement.

However, expectation of bumper crop prospects limited the upside.

NCDEX accredited warehouses soyabean stocks gained by 8994 tonnes to 16215 tonnes.

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Mentha Oil Prices Rallied Due To Bullish Demand Outlook From Domestic Market

Mentha oil trading range for the day is 1625.9-1712.9.

Mentha oil spot at Sambhal closed at 1845.20 per 1kg. Spot prices was up by Rs.9.90/-.

Mentha oil prices rallied due to bullish demand outlook from domestic market as well as exporters.

Spot markets are also witnessing strong consumption demand amid restricted supplies.

Bumper crop harvest has been discounted in the market and market is moving upwards on rising demand from end users.

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