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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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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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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Zinc Gained As The Market Refocused From The US Midterm Election Results

Zinc trading range for the day is 178.7-189.5.

Zinc gained as the market refocused from the US midterm election results to the declines in LME inventories.

Inventories in Shanghai, Guangdong and Tianjin came in at 135,900 mt as of Nov 5, down 14,800 mt from a week ago

China is ready to hold discussions and work with the United States to resolve trade disputes because the world's two largest economies stand to lose from confrontation.

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Soyabean Gained Amid Expectations Of Higher Government Buying

Soyabean trading range for the day is 3326-3454.

Soyabean gained amid expectations of higher government buying and improving physical demand from oil mills.

All India arrival stood around 1.2 million tons up from 1.1 million tons a day ago.

NCDEX accredited warehouses soyabean stocks gained by 4276 tonnes to 66490 tonnes.

At the Indore spot market in top producer MP, soybean dropped -2 Rupees to 3310 Rupees per 100 kgs.

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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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Jeera Trading Range For The Day Is 19615-20115

Jeera trading range for the day is 19615-20115.

Jeera prices ended with losses tracking weakness in spot demand amid higher arrivals in the physical market.

During monsoon season, Jeera producing districts of Gujarat received scanty rains, which will affect its production in next season.

NCDEX accredited warehouses jeera stocks dropped by 107 tonnes to 2642 tonnes.

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Cardamom Dropped On Profit Booking After Prices Gained Amid Heavy Loses

Cardamom trading range for the day is 1403.8-1439.8.

Cardamom dropped on profit booking after prices gained amid heavy loses to crop due to recent floods and good export hopes

Despite last year’s record exports, exports in the current year are likely to be affected due to strict measures by Saudi Arabia due to pesticide issue.

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

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Crude Palm Oil Traded In Range Tracking Declines In Global Markets

CPO trading range for the day is 582.7-592.7.

Crude palm oil traded in range tracking declines in global markets and on expectations of rising October production.

Palm oil production is forecast to rise in the last quarter of the year in line with seasonal trend, before tapering off early next year.

Malaysia's palm oil inventories had edged up in September to their highest in eight months as production levels came in higher than exports.

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Jeera Dropped On Profit Booking After Prices Gained Amid Improved Physical

Jeera trading range for the day is 19675-20585.

Jeera dropped on profit booking after prices gained amid improved physical domestic and exports demands from China and Bangladesh.

During monsoon season, Jeera producing districts of Gujarat received scanty rains, which will affect its production in next season.

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Turmeric Prices Gained On Improved Demand In The Local Mandis

Turmeric trading range for the day is 6464-6736.

Turmeric prices gained on improved demand in the local mandis amid lower stock.

However, turmeric arrivals in Sangli mandi were 2,000 bags today while the arrivals were 1,500-2,000 bags.

NCDEX accredited warehouses turmeric stocks gained by 78 tonnes to 3648 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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Jeera Trading Range For The Day Is 19160-19680

Jeera trading range for the day is 19160-19680.

Jeera prices gained on short covering after prices dropped amid good stocks and higher prices in the domestic market.

Lower Jeera supply reported in the spot market during the period, as stockists were holding back their stocks on expectations of higher prices in coming days.

NCDEX accredited warehouses jeera stocks gained by 121 tonnes to 2440 tonnes.

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Turmeric Dropped On Profit Booking After Prices Gained Amid Strong Demand

Turmeric trading range for the day is 6540-6736.

Turmeric dropped on profit booking after prices gained amid strong demand in the physical market and lower arrivals.

Moreover, this season exports are likely to be higher for the best quality produce.

NCDEX accredited warehouses turmeric stocks gained by 179 tonnes to 2861 tonnes.

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