Mcx : Oil seeds Development Fund to boost domestic supply 15 Dec, 2015

The edible oil industry has endorsed the govt to increase the import duty on both crude & refined oil, along with setting aside a portion of the revenue earned to set up an Oilseeds Development Fund to increase native production.

The movement comes at a time when the native consumption is increasing at a rate of 8 per cent and the import on account of oil has crossed Rs 65,000 cr in the year ending Oct 31. In the current oil year that kicked off on Nov 1, the import bill is likely to be Rs 75,000 cr as India will have to import more since local production went down this kharif season.

India is going to import 155-160 lakh tonnes of edible oil current year, compared to 144 lakh tonnes the last time round. In Nov, the import went up 13 per-cent from a year ago. Present year, we have seen what has happened with pulses. There is sufficient supply of edible oil globally which is helping us meet our demand. But this situation may reverse anytime," said by chief operating officer of Adani Wilmar.

Read Other News :  Mcx copper tips

Mcx update : Copper surges on supply cuts

mcx copper tips

Copper futures soared by over 2.5 per-cent in the native market on Friday last week as investors, observers and speculators booked fresh positions in the industrial metal as investors & speculators cheered the announcements from leading copper producers who told that, they would cut outcome as requirement eases in China, the world’s largest copper consumer.

Further more, China’s lending data topped estimates as credit growth picked up in Nov, easing fears over an economic slowdown in the world’s biggest metals consuming nation, brightening the requirement overview for copper. New local currency loans issued by China’s banks and financial institutions came in at 709 billion Yuan in November, up from Oct's 15-month low of 513.6 billion Yuan.

Copper may expand gains today as China’s industrial outcome, retail sales & fixed-asset investment numbers for Nov, came in better than the expectations bolstering outlook.

At the MCX, Copper futures for February 2016 contract closed at Rs 318.75 per kg, up by 2.69 per cent after opening at Rs 310.7, as compared to the previous ending price of Rs 310.4. It attained the intra-day high of 321.65.

Read More : mcx copper tips

Crude oil prices climbs high today 04 Dec, 2015

 

Crude oil prices expanded gains on Friday, as the dollar slumped as compared to the euro, although market focus is fixed on an OPEC meeting in Vienna where the group is hope to reiterate its high output strategy.

U.S. crude was trading up 23 cents at $41.31 per barrel at 0343 GMT, while globally traded Brent went up 19 cents at $44.03. Both crude contracts settled up 3 per-cent on yesterday.

A 3 per-cent fall in the USD against the euro over the last 24 hours held sway over oil prices as the Organization of the Petroleum Exporting Countries (OPEC) is widely expected to maintain its outcome ceiling of 30 million barrels per day (bpd) at its policy meeting today.

Read Other News : Mcx copper tips

Copper slumps on sluggish 2 Dec, 2015

Today, prices of Copper fell down by 0.35 per-cent after producing activity in the US(United States)contracted at the fastest pace since July 2009 in Nov, dampening optimism over the strength of the economy and fanning hopes the Fed Reserve could delay increasing interest rates until upcoming year. 

The Institute for Supply Management said its index of purchasing managers fell to 48.6 previous month from a reading of 50.1 in Oct. At the MCX, copper futures for February 2016 contract were trading at Rs.309.25 per 1 kg, down by 0.35 per-cent, after opening at Rs. 310.05 against the previous closing price of Rs. 310.35. It touched the intra-day low of Rs. 308.50 till the time of trade. (At 4.30 PM today).

Moreover, losses were limited due to the sharp decline in the copper stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME copper stocks fell down by 3825 metric tonnes to 239200 metric tonnes as on Dec 2, 2015.

Read More : mcx copper tips

Upbeat physical requirement bolsters Zinc 01 Dec, 2015

Zinc futures closed high in the native market on yesterday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical reqiuirement for zinc in the domestic spot market.

In the meantime, Texas manufacturing activity showed improvement in the November month as the Dallas Fed’s production index climbed to 5.2 from 4.8 in October, with a reading above zero signaling expansion, indicating a pickup in the world’s largest economy, bolstering the demand outlook for industrial metals.

Sharp losses in the industrial metal on Friday last weel when prices went down by over 3.5 per-cent amid concerns that a worsening economic slowdown in China may curb zinc demand, offered a good bargain buying opportunity in zinc, to investors, observers & speculators, at current levels.

At the MCX, Nov 2015 contract for Zinc futures terminated at Rs 103.20 per kg, up by 0.63 per cent after opening at Rs 102.20, in comparison to the previous closing price of Rs 102.55. It reached the intra-day high of Rs 103.50.

Read Other News : Mcx copper tips

Mcx copper tips, Zinc trading :Zinc futures posted steady gains 1 Oct, 2015

Zinc futures posted steady gains in the native market on yesterday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for Zinc in the domestic spot market.Read Other news Mcx copper tips

Furthermore, China’s decision to cut sales tax on small cars also bolstered the requirement outlook for Zinc, which is widely used in car making. China halved the sales tax on purchases of small cars, a move that may boost automobile requirement in the world’s 2nd biggest economy. China is the largest consumer of metals across the world.
      

Moreover, fears of deflation in the 19-member Euro area as the region’s inflation rate turned negative in September clouded the demand outlook for Zinc, trimming gains in the metal. Euro area consumer prices fell 0.1 per-cent, year on year, in September month this year.

At the MCX, Zinc futures for September 2015 contract closed at Rs 108.9 per 1 kg, up by 0.14 per-cent after opening at Rs 108.6, in against with the previous closing price of Rs 108.75. It attained the intra-day high of Rs 110.2.
Click here for Mcx copper tips

Mcx copper tips : Copper futures closed higher in domestic market 28 Aug, 2015

Yesterday, Copper futures closed higher in the native market as investors and speculators returned to bullish mode after a stock rebound in China, the world’s largest metals consumer, stemmed fears over a deepening gloom surrounding the Asian economic powerhouse, bolstering the requirement prospects for Copper. Click Mcx copper tips

China’s Shanghai Composite index which plunged a massive 23 per-cent over the past 5 trading sessions, bounced back today registering a gain of more than 2 per-cent amidst value buying and confidence over the impact of the latest interest rate cut move by the People's Bank of China that may help spur a recovery. However, gains were curbed due to the surge in the copper stockpiles at the London Metal Exchange (LME) on account of the weak requirement for the commodity.

LME copper stocks rose by 1400 metric tonnes to 370425 metric tonnes as on August 27, 2015. Copper prices may rise as traders keep an eye on upcoming global data. At the MCX, Copper futures contract for August 2015 ended at Rs. 339.85 per 1 kg, up by 3.27 per-cent after opening at Rs. 330.70 against the previous closing price of Rs. 329.10. It reached the intra-day high of Rs. 341.45 upto the time of closing.

Read More : Mcx copper tips

Agri tips : Coriander rose by 2.48 % 25 Aug, 2015

Agri tips & updates - Today, prices of coriander rose by 2.48 per-cent at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, September 2015 contract for coriander futures was trading at Rs. 11,005 per quintal, up by 2.48% after opening at Rs. 10,750 as compared to its preceding closing price of 10,739. It gained the intra-day high of Rs. 11,149 till the time of trade.Today morning at 11.45.

Sentiment enhanced further as the investors enlarged their holdings tracking the surge in the demand for the commodity. Coriander is very common in Middle Eastern, Central Asian, South Asian, Mediterranean, Indian, Latin American, Tex-Mex, Portuguese, African, Chinese and Scandinavian cuisine.

Read More : Agri tips

NCDEX TIPS FOR THE WEEK AS ON 22 DECEMBER 2014

Agro Outlook

D A I L Y B U Z Z

CASTORSEED
Castorseed prices fell by 0.38 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for December 2014 contract was trading at Rs. 4,730 per quintal tonnes, down by 0.38 per cent, after opening at Rs. 4,739 against the previous closing price of Rs. 4,748. It touched the intra-day low of Rs. 4,708 till the trading. (At 12.20 PM today). Castor oil, extracted from castor seed is the largest vegetable oil exported out of India. India is the biggest exporter of castor oil holding about 70 per cent share of the international trade in this commodity followed by China & Brazil.

MENTHAOIL
Mentha oil prices fell by 0.06 per cent on Friday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. At MCX, Mentha oil futures for December 2014 contract, at MCX, were trading at Rs. 724.20 per kg, down by 0.06 per cent after opening at Rs. 727.30 against the previous closing price of Rs. 724.60. It touched the intra-day low of Rs. 721.60 till the trading. (At 2.45 PM today). Sentiment weakened further as the investors indulged in profit- booking in the midst of a fall in demand in the spot market. About 80 per cent of the crop in India comes from Uttar Pradesh (Rampur, Moradabad, Bareilly, Barabanki and Badaun) and the balance 20 per cent from Punjab, Himachal Pradesh and Haryana.

Research Via is a leading financial advisory provides free tips on Indian share market like Stock Options Tips, Stock Option Tips, nifty options calls, Nifty Option Tips, Nifty options tips, Equity tips, mcx Gold tips, Free Ncdex Tips, comex tips.

AGRO OUTLOOK REPORT FOR 04/12/2014

Agro Outlook

D A I L Y B U Z Z

CARDAMOM
Cardamom prices rose by 0.26 per cent on Wednesday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. At MCX, Cardamom futures for December 2014 contract were trading at Rs 804 per kg, up by 0.26 per cent, after opening at Rs. 801.90 against the previous closing price of Rs. 801.90. It touched the intra-day high of Rs. 808.50 till the trading. (At 10.45 AM ).

MENTHA OIL
Mentha oil prices fell by 1.21 per cent on Wednesday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. At MCX, Mentha oil futures for December 2014 contract, at MCX, were trading at Rs 695.80 per kg, down by 1.21 per cent after opening at Rs. 707.90 against the previous closing price of Rs. 704.30. It touched the intra-day low of Rs. 691.10 till the trading. (At 2.45 PM).

Research Via is a leading financial advisory provides free tips on Indian share market like Stock Options Tips, Stock Option Tips, nifty options calls, Nifty Option Tips, Nifty options tips, Equity tips, mcx Gold tips, Free Ncdex Tips, comex tips.

NCDEX Agri Tips for February 26, 2014

CHANA

• Chana remained higher for the second straight day and prices rose further by Rs 10 to Rs 3,072 per quintal in futures traded today as speculators enlarged positions, supported by rising demand in the spot market.

• At the National Commodity and Derivative Exchange, chana for delivery in May added Rs 10, or 0.33 per cent to Rs 3,072 per quintal with an open interest of 30,710 lots. 

• On the similar lines, the commodity for delivery in April traded higher by Rs 9, or 0.30 per cent to Rs 3,032 per quintal in 82,570 lots.

CARDAMOM

• Cardamom prices fell by 0.63 per cent to Rs 777 per kg in futures trading today as speculators offloaded positions amid sluggish demand at prevailing higher levels in the spot market.

• Adequate stocks position in the physical market due to increased arrivals from producing belts also weighed on cardamom futures.

• At the Multi Commodity Exchange, cardamom for delivery in March fell by Rs 4.90, or 0.63 per cent to Rs 777 per kg in business turnover of 169 lots.

•  Similarly, the spice for delivery in April shed Rs 4.20, or 0.52 per cent to Rs 807.90 per kg in 88 lots.

Research Via provides stock cash tips, Free equity tips, free share tips, stock futures tips, Free Stock Future tips , MCX commodity tips, NCDEX tips, commodity updates ,MCX silver tips, I Forex tips, forex tips , Bullions tips, bullion tips, comex gold trading tips, nifty updates, Nifty futures tips, Nifty Future tips, equity trading tips.

NCDEX Agri Tips for February 24, 2014

CORIANDER

• Coriander prices declined by 1.14 per cent to Rs 9,188 per quintal in futures trading today on slackened demand in the spot market against increased supplies from producing regions.

• At the National Commodity and Derivatives Exchange, Coriander for delivery in May declined by Rs 104, or 1.14 per cent, to Rs 9,188 per quintal with an open interest of 22,030 lots. 

• Similarly, the spice for delivery in April moved down by Rs 92, or 1.03 per cent, to Rs 9,050 per quintal in 45,800 lots.

• Market analysts said sluggish demand in the spot market against increased supplies from producing regions mainly pulled down coriander prices at futures trade.

CARDAMOM

• Cardamom prices fell by 0.39 per cent to Rs 763 per kg in futures trading today after speculators offloaded positions on sluggish demand in the spot market against adequate stocks position.

• At the Multi Commodity Exchange, cardamom for delivery in March fell by Rs 3, or 0.39 per cent, to Rs 763 per kg in business turnover of 357 lots.

• Similarly, the spice for delivery in April shed Rs 2.10, or 0.26 per cent, to Rs 792 per kg in 108 lots.

Research Via provides stock cash tips, Free equity tips, free share tips, stock futures tips, Free Stock Future tips , MCX commodity tips, NCDEX tips, commodity updates ,MCX silver tips, I Forex tips, forex tips , Bullions tips, bullion tips, comex gold trading tips, nifty updates, Nifty futures tips, Nifty Future tips, equity trading tips.

NCDEX Tips for February 10, 2014

DAILY BUZZ

CARDAMOM

• Snapping its four-day rising streak, cardamom prices dipped 2.11 per cent to Rs 710 per kg in futures trading today as speculators booked profits at prevailing higher levels on fall in spot market demand against adequate stocks position.

• At the Multi Commodity Exchange, cardamom for delivery in February plunged Rs 15.30, or 2.11 per cent, to Rs 710 per kg in a business turnover of 421 lots. 

• However, spice for delivery in March held steady at Rs 802.70 per kg in 744 lots.

MENTHA OIL

• Mentha oil prices rose 3.20 per cent to Rs 815.30 per kg in futures trade today as speculators enlarged positions, tracking a firm trend at the spot market on pick up in demand from consuming industries.

• Tight stocks availability in the physical market following restricted arrivals from Chandausi in Uttar Pradesh also supported the uptrend.

• At the Multi Commodity Exchange, mentha oil for delivery in March rose Rs 3.20, or 0.39 per cent, to Rs 815.30 per kg in a business.

Research via provides stock cash tips, Free equity tips, free share tips, stock futures tips, Free Stock Future tips, nifty updates, Nifty futures tips, Nifty Future tips, nifty trend, equity trading tips, mcx commodity tips, Ncdex tips, commodity updates, mcx silver tips, i Forex tips, forex tips, bullions tips, bullion tips, comex gold trading tips.

RESEARCH MCX TIPS : SILVER HIT 1ST TARGET 46450 BOOK PART PROFIT (9977785000)

Research Via provides Free equity tips, Stock Futures tips, Nifty futures tips, Free Nifty tips, Free stock tips, free share tips, Nifty options tips, mcx gold tips, commodity mcx tips, mcx commodity tips, free mcx tips, free commodity tips, mcx ncdex tips.

RESEARCH VIA - COMMODITY REPORT

Agro Outlook

D A I L Y B U Z Z

Cardamom futures fell by 1.28 per cent to Rs 745.30 per kg today as speculators reduced their  positions on weak cues from spot markets.

Adequate stocks availability in physical markets on account of higher supply from producing  belts put pressure on cardamom prices in futures trade, analysts said.

At the Multi Commodity Exchange, cardamom for delivery in August declined by Rs 9.70, or  1.28 per cent, to Rs 745.30 per kg in business turnover of 1,752 lots.

Similarly, the spice for delivery in September traded lower by Rs 7.70, or 0.98 per cent, to Rs 776.10 per kg in 227 lots.

Coriander futures prices gained 2.51 per cent to Rs 6,035 per quintal today as speculators enlarged their positions, supported by pick-up in spot demand.

The trading sentiment improved further due to limited stocks position on restricted arrivals from the major growing belts.

At the National Commodity and Derivative Exchange, coriander for July gained Rs 148, or 2.51 per cent, to Rs 6,035 per quintal, with an open interest of 470 lots.

Similarly, the spice for delivery in August traded higher by Rs 91, or 1.53 per cent, to Rs 6,044 per quintal, with an open interest of 24,200 lots.

Research Via provides Commodity tips, Commodity mcx tips, mcx tips, ncdex tips, commodity ncdex tips, ncdex mcx tips, MCXCommodity Tips, Gold Trading, Silver Updates, MCX NCDEX Tips, NCDEX Agri Tips, MCX Gold Tips, Silver MCX Tips, Gold Live Price, MCX Silver Rates, MCX CopperTips, Crude Alert, Free MCX Tips, Commodity Tips, MCX Updates

Commodity Update 16 July,2013

Precious Metals

DAILY BUZZ

Silver prices spurted by nearly 1 per cent to Rs 42,590 per kg in futures trade today as participants engaged in creating speculative positions, tracking a firming trend in base metals overseas.

At the Multi Commodity Exchange, silver for delivery in far-month December traded higher by Rs 417, or 0.99 per cent, to Rs 42,590 per kg in business turnover of 33 lots.

In the international market, silver climbed 1.2 per cent, to trade at USD 20.17 announced in Singapore.

Base Metals & Energy

DAILY BUZZ

Supported by a firming trend in the global markets, copper prices today rose by 0.47 per cent to Rs 427.70 per kg in futures trade as speculators indulged in enlarging positions.

At the Multi Commodity Exchange, copper for delivery in November edged up by Rs 2, or 0.47 per cent, to Rs 427.70 per kg in business turnover of 103 lots.

Lead futures prices today gained 0.44 per cent on rising demand at domestic spot markets amid a firming trend in the global markets after China released data showing the economy grew in line with expectations in the April-June quarter.

Nickel prices moved up by 0.34 per cent to Rs 833.70 per kg in the futures market today as speculators
enlarged their positions, tracking a firming trend in spot market on increased demand from alloy makers

Agro Outlook

DAILY BUZZ

Cardamom prices fell by 2.16 per cent to Rs 670 per kg in futures trade today as speculators booked profits driven by sluggish demand in the spot market.

At the Multi Commodity Exchange, cardamom for delivery in July fell by Rs 14.80, or 2.16 per cent, to Rs 670 per kg in business turnover of 88 lots.

Similarly, the spice for delivery in August traded lower by Rs 2, or 0.27 per cent, to Rs 752.20 per kg in 394 lots.

TODAY'S COMMODITY REPORT 10/7/2013

Precious Metals

D A I L Y B U Z Z

At the Multi Commodity Exchange, gold for delivery in August declined by Rs 104, or 0.40 percent to Rs 25,930 per ten grams in business turnover of 4732 lots.

Likewise, the yellow metal for October contract traded lower by Rs 92, or 0.35 per cent to Rs 26041 per ten grams in 139 lots.

Market analysts attributed the fall in gold futures to a weak global trend as better-than expected US jobs data lifted the dollar to the highest level since July 2010 and increased speculation that the US Federal Reserve will scale back stimulus.

Base Metals & Energy

D A I L Y B U Z Z

Taking weak cues from the global markets, zinc traded tips a shade lower at Rs 113.35 per kg in futuers trade on Monday.

At the Multi Commodity Exchange, zinc prices for delivery in August declined by 30 paise, or 0.26 per cent, to Rs 113.35 per kg in business turnover of 107 lots.

Likewise, the metal prices for delivery in July traded lower by 20 paise, or 0.18 per cent, to Rs 112.10 per kg in 1,830 lots.
Globally, zinc was down 1.2 per cent at $ 1,837.50 a tonne at the London Metal Exchange.

Agro Outlook

D A I L Y B U Z Z

At the Multi Commodity Exchange, cardamom for delivery in July declined by Rs 5.10, or 0.70 per cent, to Rs 726.50 per kg in business turnover of 117 lots.

Similarly, the spice for delivery in August traded lower by Rs 2.80, or 0.36 per cent, to Rs 767 per kg in 453 lots.

Chana prices weakened by 0.85 per cent to Rs 3,048 per quintal in futures market on Monday as speculators reduced positions on the back of sluggish demand in the spot market against sufficient supplies.

At the National Commodity and Derivatives Exchange, chana for delivery in August weakened by Rs 26, or 0.85 per cent to Rs 3,048 per quintal in open interest of 2,10,040 lots.

MCX Base Metal Tips

Get Best MCX Base Metal Tips

MCXNCDEXTips is the best advisory company which provides you with the best Base Metal tips i.e. Zinc, Lead, copper, Nickel, Aluminum. Along with the tips we also provide you with daily,weekly,monthly Market Report which are being developed by our experts. Trading calls are given to you by sms and 24 hour chat support. 

For a free trial of two days on MCX Bullions http://www.mcx-ncdex-tips.in/free-trial/ or freely call us on 24/7 customer care service +91-99777-85000.