Showing posts with label ncdex ref.soyaoil. Show all posts
Showing posts with label ncdex ref.soyaoil. Show all posts

Friday, 15 September 2017

NCDEX allays jeera traders' fears of poor quality dispatch to warehouses

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The National Commodity & Derivatives Exchange (NCDEX) has issued a clarification saying 62 per cent of the total stock to the exchange-registered warehouses in Unjha, Gujarat, matched up to its quality standards after concerns were raised over the dispatch of sub-standard jeera by traders.

Citing incessant rainfall as the reason behind poor quality jeera, traders feared the delivery of sub-standard jeera stock in several warehouses.

Anticipating problems in the delivery and availability of the product, jeera prices hit a lifetime high in the benchmark spot Unjha market to trade at Rs 19,623 a quintal on July 31. This was, however, followed by a marginal decline in jeera prices to Rs 19,236 a quintal on Friday amid high volatility.
The exchange said that traders in the value chain tendered 2,347 tonnes of jeera for delivery in Unjha warehouses, of which around 1,471 tonnes were found to be in line with NCDEX's quality standard. Hence, the exchange accepted deposits of 1,471 tonnes of jeera in the warehouses registered with it since early August.
NCDEX said that the exchange has facilitated the availability of 3,670 tonnes of warehousing capacity for traders in Unjha markets and this, it says, would be more than enough to meet the needs of prospective depositors. For traders to avail this facility, the exchange has provided online warehouse reservation system to book space for deposits in a fair and transparent manner.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 

Thursday, 3 November 2016

Jeera may trade with an upside bias; Cardamom likely to consolidate 1320-1380 range


Turmeric futures (Dec) is likely to take support near 7100 levels & gain further towards 7300 levels. Spot turmeric prices edged up at Erode markets as buyers were keen on fulfilling their local orders though they did not get any upcountry orders. On Thursday, 2,000 bags arrived for sale and the buyers were keen in buying medium variety turmeric. 65 per cent of the arrived turmeric was sold. The finger variety gained Rs.100-300 a quintal; the root variety increased by Rs.200-225. At the Erode Turmeric Merchants Association, the finger turmeric was sold at Rs.6,716-8,577 a quintal and the root variety at Rs.6,366-8,022.

Cardamom futures (Dec) is expected to consolidate in the range of 1320-1380 levels. Upsurge continued in the small cardamom markets on good demand resultant from the apprehensions about a possible shortage of the aromatic spice this season following a forecast of sharp decline in output. The second round of picking is currently under way and it might end by mid November. Third round will commence by this month end and may last till end of December and with this the main harvesting exercise is likely to end given the past and prevailing weather conditions.

Jeera futures (Dec) may trade in the range of 17520-17920 levels with an upside bias. India could export around 1 lakh tonne cumin seed season 2016-17 as geo-political tension in Turkey and Syria may restrict supply, thereby making India the single most preferred source of cumin seed supply in the world market.


Refined soy oil futures (Nov) is expected to trade in the range of 670-680 levels, while CPO futures (Nov) might trade in the range of 517-525 levels. Palm oil spot markets are witnessing dull activity after festive season, while weak sentiment in global market is also keeping buyers to wait and watch.

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Friday, 23 September 2016

NCDEX Ref Soya Oil likely to trade 659-677; Resistance seen at 674

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Ref Soya Oil on NCDEX settled up by 0.84% at 670.8 amid pickup in demand for edible oil in domestic market. The surge in price indicates the expectation of physical demand in coming weeks coupled as government might try to increase import tax on refine edible oil. For second half of September government decreases the tariff value of crude soy oil compared to previous fortnight. Tariff value of crude soyoil cut by $31 per tonnes to $817.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 661.45 rupees per 10 kgs. Technically market is under short covering as market has witnessed drop in open interest by -1.02% to settled at 64220 while prices up 5.6 rupee, now Ref Soya Oil is getting support at 665 and below same could see a test of 659 level, and resistance is now likely to be seen at 674, a move above could see prices testing 677.

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Friday, 12 August 2016

NCDEX Ref Soya Oil market under long liquidation; Resistance seen at 646

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Ref Soya Oil on NCDEX settled down by -0.29% at 643.8 amid subdued demand of soybean from oil crusher. Prices also seen under pressure on over supply following higher imports data. The Soybean Processors Association of India (SOPA) has urged the Narendra Modi government to increase duty on imported crude soybean oil to 37.5% and 45% on refined soybean oil, which is the WTO bound rate.

Technically market is under long liquidation as market has witnessed drop in open interest by -1.98% to settled at 67900, now Ref.Soya oil is getting support at 640 and below same could see a test of 637 level, and resistance is now likely to be seen at 646, a move above could see prices testing 649.

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Thursday, 4 June 2015

REFINED SOYA OIL DOWN 0.3% AS DEMAND STAYS MUTED

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Falling for the second straight day, refined soya oil prices fell 0.27 per cent to Rs 608.30 per 10 kg in futures trade today amid subdued demand in the spot market.
At NCDEX refined soya oil for delivery in August eased Rs 1.65, or 0.27 per cent, to Rs 608.30 per 10 kg with an open interest of 1,97,430 lots.
Similarly, the oil for delivery in June contracts edged down Rs 1.30, or 0.21 per cent, to Rs 619.75 per 10 kg in 40,300 lots.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 623.4 rupees per 10 kgs. Technically market is under fresh selling as market has witnessed gain in open interest by 4.56% to settled at 195505 while prices down -3.2 rupee, now Ref.Soya oil is getting support at 606 and below same could see a test of 603 level, and resistance is now likely to be seen at 613, a move above could see prices testing 617.

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Tuesday, 26 May 2015

REFINED SOYA OIL RISES 0.68% AS DEMAND PICKS UP

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Refined soya oil prices traded higher by 0.68 per cent at Rs 587.80 per 10 kg in futures trading today, amid a pick-up in domestic demand and restricted supplies from producing regions.
At the NCDEX, refined soya oil for delivery in far-month August contracts moved up by Rs 3.95, or 0.68 per cent, to Rs 587.80 per 10 kg with an open interest of 1,73,080 lots.
The June contract was trading higher by Rs 3.70, or 0.62 per cent, to Rs 598.25 per 10 kg in 63,320 lots.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 600 rupees per 10 kgs. Technically market is under long liquidation as market has witnessed drop in open interest by -4.86% to settled at 63650 while prices down -0.95 rupee, now Ref.Soya oil is getting support at 592 and below same could see a test of 588 level, and resistance is now likely to be seen at 598, a move above could see prices testing 600. 

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips , MCX Tips Services and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

Wednesday, 6 May 2015

NCDEX REF SOY OIL TO TRADE ON A BULLISH NOTE

 Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips  , commodity free tips NCDEX Refined Soy Oil June futures are likely to trade bullish for short term and side ways for intra day. support for short term is seen at 580 and resistance 605 while intra day support is at 590 and resistance will be 595.
Ref. Soy Oil June contract was trading up by 0.2% to 594.4 level on Thursday(11.20am) at India's National Commodity and Derivative Exchange(NCDEX).
As per SEA data, India's vegetable oil import rose 27% at 1.06 million tons in March, vs 0.84 million tons a year ago. Zero export duty on palm products by Indonesia and Malaysia, along with reduced demand of crude palm oil for biodiesel, pushed export of palm products to India.
Also, due to high prices of soybean and lesser realization for oil and soybean meal in the export market resulted in lower crushing and lesser oil availability in the domestic market, resulting in to higher import.
Indonesian president on Wednesday approved new export duty rates of CPO to $50 tons and $30 tons for the refined products. The order was signed today which will be in effect from the 3rd week of this month.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips  , commodity free tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

Wednesday, 29 April 2015

REFINED SOYA OIL REMAINS WEAK ON LOW SPOT DEMAND

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Refined soya oil prices fell further by 0.67 per cent to Rs 572.80 per 10 kg in futures trade today as speculators trimmed positions following subdued demand in spot market against adequate stocks.
At the NCDEX , refined soya oil for delivery in August eased by Rs 3.85, or 0.67 per cent to Rs 572.80 per 10 kg with an open interest of 1,53,870 lots.
Similarly, oil for delivery in June shed Rs 2.45, or 0.42 per cent to Rs 584.70 per 10 kg in 1,11,705 lots.
Technically market is under fresh selling as market has witnessed gain in open interest by 1.04% to settled at 112345 while prices down -6.25 rupee, now Ref.Soya oil is getting support at 584 and below same could see a test of 582 level, and resistance is now likely to be seen at 591, a move above could see prices testing 596.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips  , commodity free tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

Tuesday, 21 April 2015

REFINED SOYA OIL RISES 0.42% AS DEMAND PICKS UP

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Refined soya oil prices traded higher by 0.42 per cent to Rs 586.50 per 10 kg in futures trade today as speculators created fresh positions, amid pick up in domestic demand and restricted supplies from producing belts.
At the NCDEX refined soya oil contract for June month rose by Rs 2.45, or 0.42 per cent to Rs 586.50 per 10 kg with an open interest of 1,14,955 lots.
The August contract traded higher by Rs 1.40, or 0.25 per cent to Rs 570.60 per 10 kg in 1,18,465 lots.
Technically market is under short covering as market has witnessed drop in open interest by -1.66% to settled at 115155 while prices up 1.45 rupee, now Ref.Soya oil is getting support at 581 and below same could see a test of 579 level, and resistance is now likely to be seen at 585, a move above could see prices testing 587.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity TipsCommodity free tips  , Commodity intraday tips  , commodity free tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

Tuesday, 24 February 2015

NCDEX REFINED SOYA OIL PRICES UP 0.2%

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NCDEX Refined Soya oil prices rose 0.20% to Rs 592 per 10 kg in futures trade today on rising demand in the spot market.
NCDEX refined soya oil for delivery in April edged up by Rs 1.20, or 0.20%, to Rs 592 per 10 kg with an open interest of 1,03,270 lots.
oil for delivery in May traded higher by Re one, or 0.18%, to Rs 570.65 per 10 kg in 90,490 lots.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 605.45 rupees per 10 kgs. 
Technically market is under long liquidation as market has witnessed drop in open interest by -3.87% to settled at 102760 while prices down -7.75 rupee, now Ref.Soya oil is getting support at 589 and below same could see a test of 586 level, and resistance is now likely to be seen at 596, a move above could see prices testing 600.Get real time advice for Agri Commodity Tips , Best NCDEX Tips Provider , Agri Commodity Trading , Agri Trading Tips  and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.

Thursday, 22 January 2015

REF. SOYA OIL TRADING RANGE 629-649, DOWN AT 636.9

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Ref.Soya oil trading range for the day is 629-649. Ref.Soyaoil settled down by -0.78% at 636.9 tracking weakness in spot demand amid higher supply following robust imports data. India's soyoil imports jumped to 97,027 tons compared to 53,500 tons for the same period a year ago, data released by the SEA of India showed. Soybean oil meal exports dropped to 193,832 tons in December compared to 451,314 tons for the corresponding period a year earlier, data from SEA of India showed.
At the Indore spot market in Madhya Pradesh, soyaoil was steady at 663.3 rupees per 10 kgs.

Wednesday, 7 January 2015

REF. SOYA Oil MARKET RISES ON SHORT COVERING, GAIN AT 649.8

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  • Ref.Soya oil trading range for the day is 643-655.
  • Ref.Soyaoil settled up by 0.46% at 649.8 as prices seen supported after the government hiked import duty on edible oil. 
  • At the Indore spot market in Madhya Pradesh, soya oil was steady at 672.35 rupees per 10 kgs.
  • Technically market is under short covering as market has witnessed drop in open interest by -1.24% to settled at 73915 while prices up 2.95 rupee.
  • Now Ref.Soya oil is getting support at 646 and below same could see a test of 643 level, and resistance is now likely to be seen at 652, a move above could see prices testing 655.
CS SOYABEAN (JANUARY) TRADING LEVEL

TREND  MIXED TO BULLISH                  STRATEGY: BUY ON DIPS

RESIST 2:3440 || RESIST 1:3415              SUP1:3355 || SUP2:3320










Monday, 5 January 2015

REFINED SOYA OIL GAINS 0.53% AS DEMAND PICKS UP

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  • Refined soya oil prices gained 0.53% to Rs 643.80 per 10 kg in futures market today as speculators enlarged positions, driven by pick up in demand in the spot market.
  • At the NCDEX, refined soya oil for delivery in January moved up by Rs 3.40, or 0.53 % to Rs 643.80 per 10 kg with an open interest of 56,650 lots.
  • The February contract traded higher by Rs 3.20, or 0.50% to Rs 645 per 10 kg in 69,695 lots.
  • Ref.Soya oil settled flat at 641.8 on late profit booking after prices seen supported due to robust demand and on higher import duty. 
  • At the Indore spot market in Madhya Pradesh, soyaoil was steady at 660 rupees per 10 kgs.
  • Technically market is under long liquidation as market has witnessed drop in open interest by -0.33% to settled at 69185 while prices down -0.25 rupee.

Monday, 29 December 2014

Ref. SOYA OIL MARKET RISES ON SHORT COVERING


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  • Ref.Soya oil settled up 3.99% at 635.3 as support seen after Government has raised the import tax on crude edible oils and refined oils by 5 percentage points each. 
  • India's soya oil imports jumped to 121,097 tons compared to 14,980 tons for the same period a year ago, data released by the SEA of India showed.
  • Technically market is under short covering as market has witnessed drop in open interest by -2.78% to settled at 67715 while prices up 24.4 rupee.
  • Now Ref.Soya oil is getting support at 628 and below same could see a test of 620 level, and resistance is now likely to be seen at 639, a move above could see prices testing 642.
  • At the Indore spot market in Madhya Pradesh, soya oil was steady at 639.25 rupees per 10 kgs.



Friday, 26 December 2014

Ref Soya Oil trading range 607-617, down at 610.9

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  • Ref.Soyaoil settled down by -0.15% at 610.9on robust demand and on fear of higher imports duty. Prices rose as demand for soyaoil increased after demand shifted from palm oil to soybean oil in domestic market due to winter season as Palm oil solidifies in cold weather.
  • India's soyaoil imports jumped to 121,097 tons compared to 14,980 tons for the same period a year ago, data released by the SEA of India showed.  
  • At the  Technically market is under fresh selling as market has witnessed gain in open interest by 0.2% to settled at 69650 while prices down -0.9 rupee.
  • Now Ref.Soya oil is getting support at 610 and below same could see a test of 607 level, and resistance is now likely to be seen at 615, a move above could see prices testing 617.
  • At the Indore spot market in Madhya Pradesh, soyoil was steady at 615.5 rupees per 10 kgs.