Gold Silver Reports – ✅ Cotton prices have jumped 6-7% in a week, as the trade is speculating a big fall in output due to pink bollworm attacks in some states, even though there is little clarity yet on the extent of the damage.
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India Will Remain Reliant On Wheat Imports Despite Bumper Production
Gold Silver Reports — The latest release from United States Department of Agriculture (USDA) stated that India will still import close to 4 million tonnes of wheat from other nations despite of record production in current season.
Agri Commodities Preview: NCDEX Soyabean Futures To Witness More Selling
Gold Silver Reports — The NCDEX Soyabean futures are likely to remain under pressure in the coming days on the account of favourable rainfall in major soyabean sowing states along with bearish cues from global market.
Sebi Issues Guidelines for Options in Commo Futures
Gold Silver Reports — Options to have futures as underliers; one option each in agri, non-agri to be launched initially
Cotton MCX Resistance Key Level at 20777
Gold Silver Reports — Technically MCX Cotton is under short covering as market has witnessed drop in open interest by -2.99% to settled at 5871 while prices up 30 rupees.
FAO Estimates Contraction In Global Cereal Trade In MY 2017/18
Gold Silver Reports — As per latest update from FAO, the World cereal trade in 2017/18 is heading towards a 2.2 percent annual decline to around 386 million tonnes. International wheat trade is set to decrease by 2.2 percent in 2017/18 (July/June) to 170 million tonnes.
Jeera market under fresh buying; Support seen at 18533
Technically Jeera market is under fresh buying as market has witnessed gain in open interest by 24.4% to settled at 12435 while prices up 720 rupees.
Castor seed Increases On Weak Production Estimates
Gold Silver Reports — Some recovery was seen in castor seed market in the wake of weak production estimates in the current year. As per the latest survey data compiled by SEA OF India, Indias total castor seed production in the current year is expected at 11.25 lakh tonnes against 13.90 lakh tonnes, down 17 percent from the last year.
Turmeric NCDEX Resistance Level at 6444
Gold Silver Reports — Technically NCDEX Turmeric market is under fresh selling as market has witnessed gain in open interest by 4.34% to settled at 9025 while prices down -32 rupees.
SEA OF India Estimates Indian Mustard seed Crop At 71.09 Lakh Tonnes For MY 2016/17
Gold Silver Reports — As per the latest crop survey data release by Neilson agency during the SEA of India mustard conclave that the total mustard seed production in the current year is estimated at 71.09 lakh tonnes plus 1.20 lakh tonnes of toria crop. This is almost 2 lakh tonnes higher than the Mustard Oil Producers Association (MOPA) estimates of 69.25 lakh tonnes .