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Press Releases from Epic Research (193 total)

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

Epic Research Daily Agri Commodity Report Of 16 August 2018

Wholesale inflation eased to 5.09% in July on account of cheaper food articles, especially fruits and vegetables, according to latest government data. The wholesale price index (WPI) based inflation was recorded at 5.775 in June. In July 2017, it was at 1.88%. The wholesale inflation in food articles category was (-)2.16% in July as against (+) 1.80% in the previous month, the Commere and Industry ministry data showed. Among others

Epic Research Daily Agri Commodity Report Of 8 August 2018

The Uttar Pradesh Sugar Mills Association (UPSMA) has wrote a letter to the state government, reiterating an earlier plea for a financial rescue package. The Association has reiterated its request for Rs 40 a quintal incentive on cane crushed by private sector mills during the recently concluded 2017-18 crushing season. The millers say their paying capacity was impaired due to less return from the sale of ugar and byproducts, against

Epic Research Weekly Agri Commodity Report Of 6 August 2018

The U.S Department of Agricultures' (USDA) Foreign Agriculture Service (FAS) maintains Indonesia's 2017/18 Palm Oil production at 38.5 million tons, increasing 5 percent to 40.5 million tons in 2018/19. The projected increase is based on trend yield growth and revised area. After a drop in 2017, Indonesian biodiesel production and consumption are expected to increase in 2018. The re-opening of the EU market for biodiesel exports in March, increasing crude

Epic Research Daily Agri Commodity Report Of 1 August 2018

Sugar prices dipped by Rs 100 per quintal at the wholesale market in the national capital following bumper stocks amid need base off take by stockists and bulk consumers. Soaring stocks on steady inflow of supplies from mills along with selective demand from stockists and bulk consumers such as soft-drink and ice-cream makers, led to slide in sweetener’s prices. Prices of sugar ready M-30 and S-30 dropped the most by

Epic Research Daily Agri Commodity Report Of 30 July 2018

The government has allowed sugar mills to manufacture ethanol directly from sugarcane juice or intermediate product called B-molasses. The sugarcane control order of 1966 has been amended in this regard and the same has been notified by the Union Food Ministry. The move would help mills divert cane juice for ethanol manufacturing during surplus years. So far, mills were allowed to manufacture ethanol from by-product called Cmolasses, after sugar was

Epic Research Daily Agri Commodity Report Of 26 July 2018

The Cotton Advisory Board (CAB) estimates India's Cotton exports for this season (October 2017 to September 2018) to be 70 lakh bales, an increase of 20% over last year. From October, 2017 to April 2018, the total amount of cotton exported from India was 51.21 lakh bales. CAB has estimated that the Cotton production for the current Cotton season will be 370 lakh bales. Domestic prices of Cotton are ruling

Epic Research Daily Agri Commodity Report Of 24 July 2018

The increase in Vietnam‟s yarn exports, particularly to the world‟s largest yarn importer - China, has made the country the world‟s fastestgrowing market for Cotton. This has spurred opportunities for greater Cotton exports from the US to the Southeast Asian nation, according to the Foreign Agricultural Service of the US department of agriculture (USDA). “US market share in Vietnam has grown to more than half from around a third in

Epic Research Daily Agri Commodity Report Of 23 July 2018

Garment manufacturers in Gujarat have predicted a rise of 10 per cent in the price of garments after the centre raised the Minimum Support Price (MSP) of Cotton. The centre raised the MSP on medium-staple and longstaple fiber Cotton by 28 per cent and 26 per cent, respectively. The MSP of Cotton (medium staple) was raised to Rs 5,150 per quintal from Rs 4020 per quintal and that of Cotton

Epic Research Daily Agri Commodity Report Of 20 July 2018

India's Coffee exports reached an all-time high of 3.95 lakh tonnes in 2017-18 as compared to 3.53 lakh tonnes in the previous fiscal, according to official data. In 2015-16, the exports aggregated at 3.16 lakh tonnes. The demand of Indian Coffee is seen to have increased in Germany, Indonesia, USA, Poland, Libya, Spain, Tunisia, Ukraine, Italy and Belgium, the Commerce and Industry ministry said in a notification. Coffee is primarily

Epic Research Daily Agri Commodity Report Of 17 July 2018

Cottonseed oil cake usually follows the price trend in Cotton, rates of the byproduct have witnessed high volatility in the recent times. Cottonseed oil cake prices were 35 per cent up in the last one month while Cotton has moved up only by around 6 per cent. Cottonseed oil cake production starts after the Cotton arrivals in different regions of the country. The major producers of Cottonseed oil cake are

Epic Research Daily Agri Commodity Report Of 16 July 2018

Soyabean planting is nearing completion in the key growing areas of Central India aided by a surge in rains over the past week. As on July 6, Soyabean was planted on around 5.1 million hectares - about 4% lower than the corresponding period last year. Except for Karnataka, all other Soyabean growing States had reported a lower acreage as on July 6 when compared to last year. However, industry and

Epic Research Daily Agri Commodity Report Of 11 July 2018

India's Rice exports likely to decline from October as the government increases guaranteed prices that farmers receive for much of their crop, making new season cargoes expensive compared to supply from rival growers. Lower exports would mean that India loses market share in key Asian and African markets, traders and industry sources said, with exports from countries such as Thailand, Vietnam and Myanmar likely to fill any gaps. India raised

Epic Research Daily Agri Commodity Report Of 9 July 2018

Cotton settled down by 0.18% at 22420 on profit booking after prices seen supported as government increase minimum support prices for cotton by 26-28%. MSP of cotton (medium staple) has been raised to Rs 5,150 from Rs 4,020 and that of cotton (long staple) to Rs 5,450 from Rs 4,320 per quintal.There are reports of good export demand and lower pace of kharif sowing in the country. Cotton acreage till

Epic Research Daily Agri Commodity Report Of 3 July 2018

Turmeric on NCDEX settled down 1.65% at 7290 amid rains in Telangana and Maharashtra turmeric growing areas. Turmeric stocks reported lower current year in the spot market.Currently, in Nizamabad turmeric stocks (both old and new crop) were estimated around 5.10 lakh bags as compared to around 7.00 lakh bags in corresponding time last year. Supplies from the new season turmeric have been lower during May at 53,500 t (Vs 73,500

Epic Research Daily Agri Commodity Report Of 28 June 2018

Jeera on NCDEX settled up by 0.75% at 17445 buoyed by the reports of higher exports and restricted supplies in the physical market. Besides, strong physical demand from domestic markets also fuelled the upward trend.Global demand for Indian jeera has firmed up as Syria and Turkey crop will arrive only around June-July. Mandi sources maintained that export enquiries have been good as India is the only jeera supplier to the

Epic Research Daily Agri Commodity Report Of 27 June 2018

Cardamom on MCX settled down by 1.05% at 967.6 on reports of bumper output on the back of favourable weather amid poor stocks of quality goods.There has been raining in the producing centres of Kerala and present weather is conducive to the coming crop.Spice Board cut the number auctions due to falling arrivals at the auction centres. Producing centres of Kerala are getting good rains and monsoon is also expected

Epic Research Daily Agri Commodity Report Of 26 June 2018

NCDEX Soyabean is getting support at 3410 and below same could see a test of 3390 level, And resistance is now likely to be seen at 3463, a move above could see prices testing 3496. Soyabean on NCDEX settled down 1.15% at 3431 due to expectation of higher sowing on account of forecast of normal rains. Pressure also seen amid expectation of higher sowing due to forecast of normal rains,

Epic Research Daily Agri Commodity Report Of 21 June 2018

Cardamom showed firmness in spot demand after prevailing weather conditions in the producing centres of Kerala are favourable. An anticipated delay in commencement of new crop supplies also supporting the prices. Earlier, there were reports that excessive rains in some part of Idduki district of Kerala hit the cardamom plants.However, situation has improved and new crop arrivals may begin early, which may weigh on prices in the coming week. There

Epic Research Daily Agri Commodity Report Of 20 June 2018

Around 25% of soybean stocks are with farmers and stockiest till May 31 on weak demand from crushers, said the Soybean Processors Association of India in a press release. Of total 8.450 million tons soybean around 2.16 million soybeans still with farmers and stockiest while 7.1 million tons have arrived in the market till May 31, report said. Soybean crushing dropped to 6.050 million tons during Oct-May compared to 6.175

Epic Research Daily Agri Commodity Report Of 13 June 2018

National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) purchased total 741,631 ton mustard seed in the various producing states until June 6, said sources. Government authorized the cooperative giant to purchase mustard seed from farmers at Rs 4,000 per quintal inclusive of Rs 100 as bonus. Mustard crushing across the country was estimated at 800,000 tn in March, more than double from last month's 375,000 tn, according to data

Epic Research Daily Agri Commodity Report Of 11 June 2018

As per latest release, Soybean meal exports from Ukraine reached a record 59.3 KMT in April 2017/18 against 32.9 KMT in March 2018 and 33.1 KMT in April 2017. This was contributed to by active shipments to end markets such as Belarus, Azerbaijan, Libya, and Georgia.In total, some 265 KMT of soybean meal was shipped abroad in September-April this season. This is up 24.3% year-on-year and an all-time high for

Epic Research Daily Agri Commodity Report Of 8 June 2018

As per the latest weekly crop release by United States Department of Agriculture (USDA), the rating for the US corn crop declined 1% last week to 78% of the crop rated good to excellent. Eight states indicated that the corn condition had improved last week and 8 states indicated that the corn condition had declined last week. Most of the improvements were found in the western and northern Corn Belt

Epic Research Daily Agri Commodity Report Of 7 June 2018

The Union Minister for Consumer Affairs, Food & Public Distribution held a Press Conference to brief about the initiatives and reforms done by the Ministry in last four years in New Delhi on Tuesday. During the release, Union Minister stated that during Rabi Marketing Season (RMS) 2018-19, a quantity of 347 Lakh MT of wheat was procured which is highest in last five years. While during Kharif Marketing Season (KMS)

Epic Research Daily Agri Commodity Report Of 5 June 2018

Exports of Rice, the largest commodity in India's agri basket, rose 12% in volumes to 9.89 lakh tonnes in April on good demand for the nonbasmati Rice, according to the provisional statement from the Agricultural and Processed Foods Export Development Authority (APEDA). The country exported 619665 tonnes of non-basmati Rice worth $262 million in April, rose 25.5% as compared to 493441 tonnes ($199 million) in the same month last year.

Epic Research Daily Agri Commodity Report Of 1 June 2018

Indonesia's exports of Palm Oil and Palm Kernel Oil, excluding lauric oil, olechemical and biodiesel, dropped 13.6% to 2.22 million tonnes in April from a year earlier, the Indonesian Palm Oil Association (GAPKI) said. Including lauric oil, olechemical and biodiesel, April's exports stood at 2.39 million tonnes. "This is an unusual phenomenon, because usually prior to Ramadan, palm oil demand from India increases, but not in this year," GAPKI said

Epic Research Daily Agri Commodity Report Of 31 May 2018

Millers of Pulses will soon be able to apply to import Pulses from June 1, according to a trade notice issued on May 16 by the Commerce Ministry. This will be the first time that Pulses imports will be opened up from registered agricultural traders to include dal mills as well. The ministry will announce the allocation of the import quota for dal mills on the basis of their processing

Epic Research Daily Agri Commodity Report Of 29 May 2018

In a bid to further streamline e-auction of cardamom, Spices Board plans to Introduce an online settlement mechanism that would tremendously help all the stakeholders by ensuring timely payment to the growers of this spice and providing all information about transactions online or through a mobile app. For developing such an online settlement mechanism for cardamom auction, the Board enlisted the services of a bank. A team from the bank

Epic Research Daily Agri Commodity Report Of 28 May 2018

Expecting a bumper crushing season next year, Maharashtra Sugar mills plan to sign export contracts with neighbouring countries before the start of the next season. Mills are targeting 3-3.5 million tonnes (mt) exports of Raw Sugar to Bangladesh and China and another 2-2.5 mt of White Sugar to Sri Lanka to avoid a glut in domestic markets. Maharashtra’s current Sugar season officially ended on Wednesday with the last of the

Epic Research Daily Agri Commodity Report Of 25 May 2018

Shortage of workers at cold storages, due to local body elections, triggered a 17 percent increase in Potato prices in West Bengal. Prices in the wholesale market went up to Rs 200 a quintal in the past one week. The Jyoti Potato variety, which was being sold at around Rs 15 a kg in the retail market even about ten days ago, is currently ruling at around Rs 19-20; while

Epic Research Daily Agri Commodity Report Of 23 May 2018

India largest exporter of the Basmati Rice is set to gain acreage, as the farmers earned higher remuneration in the last season. Punjab second largest grower of Basmati, the area of Basmati is expected to increase by more than 20 percent as farmers are keen to grow more Basmati. Farmers in Basmati-belt states are growing more of the cereal instead of Cotton and regular Rice compared to the last year.

Epic Research Daily Agri Commodity Report Of 22 May 2018

The Sugar industry has urged the government not to address falling prices by introducing the regulated release mechanism, which dictates how much Sugar factories can sell in the open market on a monthly basis. In a letter written to the consumer affairs, food and public distribution ministry, the Indian Sugar Mills Association (ISMA) said that the Sugarcane price to be paid by mills should be calculated on the basis of

Epic Research Daily Agri Commodity Report Of 21 May 2018

India's import of vegetable oils during April 2018 is reported at 13.86 lakh tonnes, rose 3.5% as compared to 13.39 lakh tonnes same month last year, according to latest data from the Solvent Extractors’ Association of India (SEA). Imports during the month of April were reported to be the highest so far during the current oil year (November 2017-October 2018 period). The overall imports in the current oil year is

Epic Research Daily Agri Commodity Report Of 15 May 2018

In a bid to boost sagging domestic Pulses price by squeezing imports, the government has further tightened norms for the import of Pulses. The prices of most Pulses have been below the minimum support price levels, leading to farmer unrest in the main Pulses -growing areas. The government has also introduced a quota system only for millers and refiners for the import of Tur, Moong and Urad, according to a

Epic Research Daily Agri Commodity Report Of 14 May 2018

Technically NCDEX Jeera is getting support at 15950 and below same could see a test of 15845 level, And resistance is now likely to be seen at 16150, a move above could see prices testing 16245. Jeera on NCDEX settled up by 1.01% at 16055 due to good surge in export and physical market demands. Moreover, lower arrivals and minimum stock levels triggered the upward movement in prices. Prices also

Epic Research Daily Agri Commodity Report Of 11 May 2018

Spices Board has tightened rules of sampling for Jeera (Cumin) exports after receiving several representations from importing countries on adulteration and inferior quality shipments from Gujarat. Surveillance sampling and testing conducted by the Board found adulteration in a cumin seed export consignment of 12.5 MTs in a Gujarat-based Exporting Unit. Quality Evaluation Laboratory of the Board at Kandla (Gujarat) had reported the presence of 23.33% extraneous matter against maximum limit

Epic Research Daily Agri Commodity Report Of 9 May 2018

Indian Tea industry has recorded the highest ever production as well as exports in FY18. The total Tea production was 1325.05 million kgs, an increase of 74.56 million kgs as compared to 2016-17. In percentage terms the increase is around 6%. The total quantity of Tea exported during the financial year 2017-18 stood at 256.57 million kgs. In percentage wise the increase is arround 12.71% to 28.94 million kgs during

Epic Research Daily Agri Commodity Report Of 8 May 2018

The Potatoes arrived in markets till now were from farmer's storage, which has now exhausted. The crop have started to arrive from the cold storage which have caused the price rise by 25 percent in West Bengal. Potato prices have increased in most of the city market between Rs.18 and Rs.20 per kg as against Rs.14-15 since the beginning of the week. For every kilogram of Potato coming out of

Epic Research Daily Agri Commodity Report Of 3 May 2018

Based on the representation of the Coffee Board, the Karnataka government has issued a notification declaring the areas comprising Kodagu, Chikkamagalur and Hassan districts to be ‘pest-affected areas’ for a period of five years from April 12, 2018. This may lead to adverse affect on state's Coffee production and supply in the coming months. The state government’s decision is based on recommendations of the Central Coffee Research Institute (CCRI), Coffee

Daily Comex Report of 25 April 2018 by Epic Research

International Commodity News Gold prices pulled away from two-week lows on Tuesday, but struggled to make headway as a stronger dollar continued to weigh on demand for bullion. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were up $3.80 or 0.29% to $1,328.00 a troy ounce by 04:34 AM ET (08:34 AM GMT). Gold plumbed a two-week low of $1,323.80 on Monday and ended

Daily Comex Report of 23 April 2018 by Epic Research

International Commodity News The WTI Crude Oil market has pulled back a bit during the week, only to turn around and show signs of support and form a hammer. The hammer of course is a bullish sign and I think that the market should continue to go higher, perhaps reaching towards the psychologically important $70 level. If we can break above there, and it looks like we may, then it starts

Daily Comex Report of 19 April 2018 by Epic Research

International Commodity News Gold prices moved higher on Wednesday, as the dollar saw little movement and investors looked ahead to references from the Federal Reserve. Comex gold futures gained $6.40, or around 0.5%, at $1,355.90 a troy ounce by 10:32AM ET (14:32GMT), while the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slipped 0.04% to 89.18. There was no clear catalyst for Wednesday’s

Daily Comex Report of 17 April 2018 by Epic Research

International Commodity News Gold prices rose to the day’s highs on Monday, propelled higher by the softer dollar which weakened as fears of an escalating conflict in Syria faded. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange rose $3.90 or 0.29% to $1,351.90 a troy ounce by 10:08 AM ET (14:08 GMT). Market sentiment was buoyed by relief that the missile strikes on Syria

Daily Comex Report of 13 April 2018 by Epic Research

International Commodity News Gold prices gave up its earlier gain amidst the mounting Syria conflict threat as the dollar recovered after trading around this week’s lowest range earlier in the day. Gold Futures for June delivery on the Comex division of the New York Mercantile Exchange was down $7.1, or 0.52%, to $1,352.8 a troy ounce by 1:13AM ET (05:13 GMT). The U.S. dollar index that tracks the greenback against a

Daily Comex Report of 11 April 2018 by Epic Research

International Commodity News Gold was higher on Tuesday, driven by a weaker U.S. dollar and geopolitical tensions in Syria. The price of the precious metal rose as the greenback reached a two-week low. TheU.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.25% to 89.31 as of 10:52 AM ET (14:52 GMT). Comex gold futures for June delivery rose 0.21% to $1,342.90 a

Daily Equity Report of 9 April 2018 by Epic Research

NIFTY Last week NIFTY Future closed on positive note and gaining around 2.10%, and previous week nifty again respect 200 DMA it’s major support level then after that we have seen strong bull back above this level and finally closed with bullish candlestick in weekly chart, So according to option data and nifty daily and weekly chat we have seen some bounce back ahead this level upcoming week ,So we can

Daily Comex Report of 4 April 2018 by Epic Research

International Commodity News Gold prices moved lower on Tuesday, trimming some of the previous day’s gains as traders crept back into risk assets and U.S. stocks attempted to recoverfrom Monday’s selloff, dampening safe haven demand for bullion. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were last down by $11.60, or around 0.8%, to $1,335.30 a troy ounce at 10:44AM ET (14:44GMT). The precious

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