17-07-2015
COMMODITY
OPEN
HIGH
LOW
CLOSE
CASTORSEED
4024
4043
3999
4036
DHANIYA
11760
11966
11745
11934
TURMERIC
7594
7608
7340
7410
RMSEED
4220
4275
4195
4271
JEERAUNJHA
16200
16255
16030
16150
CHANA
4474
4632
4445
4632
MENTHAOIL
1013.00
1019.00
982.00
988.30
SYBEANIDR
3490
3550
3490
3533
Ref. Soya oil tracking weak spot demand as investors expecting robust soy oil export for a month of June. The domestic demand for oilmeals has reduced adding to the woes of the industry. Capacity utilization is at the lowest and many plants are close down due to disparity in crushing. Soybean oil meal exports dropped to 2,098 tons in June compared to 2,637 tons for the corresponding period a year earlier, data from SEA of India showed.
Jeera surge in supply from the producing regions in the midst of decline in the export demand. Currently, the traders and stockist are active in the spot market to serve the demand from the domestic market. There is expectation of revival of export demand on short supply. As per third advance estimate of Gujarat State, production is expected at 1.58 lakh tonnes in 2014-15, which is 54.3 per cent lower, compared to last years’ production of 3.46 lakh tonnes.
CHANA TECHNICAL UPDATE NCDEX JEERA AUG 2015
RESEARCHER VIEW The above Daily chart of JEERA suggests that prices have reverse after taking resistance level. RSI is in a sell mode. We expect prices to correct up to levels of 16000.
JEERA TECHNICAL UPDATE NCDEX RMSEED AUG 2015
RESEARCHER VIEW The above Daily chart of RMSEED suggests that prices have reverse after taking resistance level. RSI is in a BUY mode. We expect prices to correct up to levels of 4304.
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