openPR Logo
Press release

Epic Research Daily Agri Commodity Report Of 19 DECEMBER 2017

12-19-2017 08:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Epic Research

Commodity News

Cumin or jeera futures have been hitting new peaks despite higher
acreage in the main growing states and sluggish demand in export
markets, indicating speculative hoarding by big players. The contract for
delivery in December has jumped more than 15% on the National
Commodity and Derivatives Exchange (Ncdex) over the last couple of
weeks. It touched a high of Rs 221.45 per kg on Tuesday before slipping to
Rs 219.80. The contract for delivery in January rose 10% to Rs 214.60 a kg.

The government raised import duties on various edible oils on
November 17, which is supporting the entire oil pack. Refined soya oil,
crude palm oil, soyabean and rape mustard seeds witnessed gains
between 4-7 per cent in a week’s time. Soyabean futures contract also
traded at a two-month high on NCDEX. Soyabean December contract
closed at Rs 2,999 per quintal, which is almost closer to the government’s
minimum support price (MSP) of Rs 3,050 per quintal. Traders and farmers
were demanding for a revision in the duty for a long time to support falling
prices, but this decision came late by almost two months. Still, this is a
good move from the government’s side, as this will not only support the
entire edible oil industry, but farmers also to a large extent.

Castor seed futures on National Commodities and Derivatives Exchange
(NCDEX) witnessed the highest single day jump on Wednesday since
March this year supported by highest ever monthly export volume of
castor meal and reports of crop damage due to heavy rains in Gujarat. The
benchmark castor seed contract on NCDEX for September delivery was up
more than 3.21 % or Rs 147 today to trade at Rs. 4,727 per quintal, its
highest level in four and half months. India's castor meal exports in June
was revised to 1,19,315 tonnes from 62,516 tonnes in data released by
the Solvent Extractors' Association of India (SEA) recently.

Economic News

India's sugar production rose 30 per cent to 69.4 lakh tonne during the first
two and half months of the current marketing year on higher cane output,
according to industry body ISMA. Sugar marketing year runs from October to
September. Mills have produced 69.40 lakh tonne of sugar till December 15 of
the 2017-18 marketing year as compared to 53.46 lakh tonne in the
corresponding period of the previous year, Indian Sugar Mills Association said
in a statement. As on December 15, 2017, 469 sugar mills were crushing
sugarcane for the year 2017-18 against 449 mills last year same time, it
added. ISMA has pegged sugar output of India, the world's second largest
producer, at 251 lakh tonne in 2017-18 against 203 lakh tonne in the previous
year. As per the data, mills in Maharashtra have produced 25.50 lakh tonne of
sugar till December 15, up from 17.25 lakh tonne in the year-ago period.

India's
dairy industry is expected to maintain 15 per cent compounded
annual growth (CAGR) over 2016-20, and attain value of Rs 9.4 trillion on
rising consumerism, a report said. "India's dairy industry is worth Rs 5.4 trillion
by value, having grown at 15 per cent CAGR during 2010-16. Going ahead, the
dairy industry is expected to maintain 15 per cent CAGR over 2016-20, and
attain value of Rs 9.4 trillion on rising consumerism," Edelweiss Securities said
in a report. India has progressed from being deficient in milk production at 20
million MT in 1970 to becoming the world's largest milk producer at 160
million MT, accounting for 18.5 per cent of global milk production. Further,
India is expected to emerge as the largest dairy producer by 2020, the report
said. The Union government implemented the Central Scheme National Dairy
Plan - Phase 1 during 2012-17 to improve productivity of dairy cooperatives
through several input activities. Investments by private players in the
domestic dairy sector is also expected to further augment milk productivity, it
explained.

Trading Recommendations

BUY CORIANDER DEC ABOVE 5570 TARGET 5600 5640 5690 SL BELOW 5520
BUY TURMERIC APR ABOVE 7560 TARGET 7590 7630 7680 SL BELOW 7510
SELL GUARGUM5 DEC BELOW 8470 TARGET 8500 8540 8590 SL 8420

Epic Research Limited is a supreme level financial advisory services provider firm .We have designed services for different investors as per their needs like mcx tips , equity tips, agri tips and many more to serve our clients. We offer regular services for investors with less capital and premium services for massive investors looking for higher returns on investments with bigger targets.
Want to take a FREE TRIAL? Visit our site link below and become a part of our Epic family. Happy trading.
http://www.epicresearch.co/
or
mail us @ info@epicresearch.co

Also you can Whatsapp us at :7049084664

Our Office:411 Milinda Manor, 2 RNT Road, Indore 452001 .

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Epic Research Daily Agri Commodity Report Of 19 DECEMBER 2017 here

News-ID: 866296 • Views: 239

More Releases from Epic Research

Epic Research Daily Agri Commodity Report Of 28 August 2018
Multi Commodity Exchange of India Ltd (MCX) has signed a Memorandum of Understanding (MoU) with Indian Cotton Federation (ICF).The MoU with MCXNSE 1.18 % will enable ICF’s members to effectively participate in the exchange’s knowledge-sharing initiatives to understand the benefits, techniques and strategies of risk management using cotton futures contracts. The agreement is further designed to facilitate potential collaboration in areas such as organising awareness events for cotton value chain
Epic Research Daily Agri Commodity Report Of 27 August 2018
Rapid heavy rain and floods in Coffee growing areas in Kerala have worsened the shortage of robusta beans, hitting hard exporters and local producers. The production of robusta, which accounts for majority of Coffee exports from the country and is the chief ingredient for instant Coffee, was last year 10-20% short of the Coffee Board’s projection of 2.21 lakh tonnes. The inclement weather is expected to pull down the crop
Epic Research Daily Agri Commodity Report Of 24 August 2018
The Directorate General of Foreign Trade (DGFT) has allowed import of yellow peas up to 125 tonnes, covering advance payment made early this year to sellers abroad. Importers traditionally make advance payment of up to 10 per cent of the value for contracts to be executed in the future. This got stuck with DGFT suspending all import of yellow peas without a Letter of Credit (LC), by an April 25
Epic Research Daily Agri Commodity Report Of 21 August 2018
India's Palm Oil imports are likely to fall 15% in 2017/18 from the year before to their lowest in six years, hit by a hike in import taxes, a weaker rupee and tighter credit for would-be buyers, industry sources said. Local prices moved up due to higher import tax and depreciation in the rupee. The price rise moderated demand for imports, the Solvent Extractors' Association of India (SEA) said. India

All 5 Releases


More Releases for India

Medical Tour India | Affordable Treatment In India
We at MedCredible look after the well being of the patients seeking treatment in India. Our support staff support is well trained in handling various situations arising due to cross border differences. All the patients can avail of high-quality treatment at an extremely affordable cost in a compassionate environment combined with ethical practices. With options of over 100 + Hospitals and Institutions, we at Medcredible ensure that we connect the
01-17-2011 | Health & Medicine
KJIVF
IVF India, Test Tube baby India
The aim of setting up KJIVF is to help infertile couples in achieving conception through modern diagnostic and treatment methods. KJIVF Centre has given the best results by blessing infertile couples of advanced age with children, these couples could never dream of becoming parents. Thousands of babies are conceived through in-vitro fertilization (IVF) each year; In-Vitro Fertilization (IVF) means fertilization outside the body. A baby developed from an egg that
Beach Holiday India- Best Beaches in India
The natural beauty, exotic locations and rich heritage has helped India to stand as the most visited and most popular tourist spot in the world. The status of “Incredible India”, is defined by an incredible range of nature’s blessings on the Indian subcontinent and this incredibility is doubled by one of the most fabulous tourism option available in the country that are the brilliant and majestic beaches in India.
ISO 27001 India, 27001 training India ISO
Coral eSecure is information Risk Management advisory with specific focus on Information Security (ISO 27001, ISO 17799, PCI, COBIT, HIPAA, GLBA, and DPA), Business Continuity (BS25999) and ITIL/ IT Service Management (ISO 20000). Coral is the FIRST Indian consulting organization which provides an Integrated Management System Consulting, Consisting of ISO 27001, ISO 20000 and BS25999 – ALL THREE IN ONE! Coral provides Consulting, Assurance audit and Training to address these
Interior Designers India, Designers and Architects India
Today, we have recognized ourselves as a booming beauty interior designing firm, offering services that include interior designing. We are a winning firm, which is based on the strong foundation of innovative and original ideas for interior, architectural and landscaping designing services. Synergy Corporate Interior Design Association has more corporate members. Who provide Products and services. We support Interior Designers India, Designers and Architects India. We are committed to the
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will