kapas updates

Cotton in Physical Market Opened Unchanged in Kadi Cotton Market

At Kadi Cotton Market market in Mehsana, Cotton BT COTTON began at 4250-4575 per quintal, unchanged as compared to previous close. Estimated market supply was at 300 motars, down by 150 motars as against previous day. Cotton in Mehsana Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Kadi Cotton Market Cotton BT COTTON 4250-4575 0 nnbsp; Note: The above mentioned prices are in per quintal and arrivals are in motars.

gurchumzcr updates

Jaggery Physical Market in Kolhapur Trading with Weak Sentiment
At Kolhapur market , Jaggery Super Fine is trading weak at 3000-3800 per quintal, lower by 5 per cent from previous dayn#39;s price level. Jaggery in Kolhapur Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute kolhapur Jaggery Super Fine 3000-3800 -200 Note: The above mentioned prices are in per quintal and arrivals are in Bags/Kg10.
 

chilli updates

NCDEX Red Chilli March 2012 contract trading significantly up

NCDEX Red Chilli March-2012 delivery contract opened at Rs. 5220 Rs/qtl today, a decline of 0.61 per cent against previous settlement. NCDEX Red Chilli March 2012 contract finished significantly up at Rs. 5358 Rs/qtl, higher by 2.02 per cent over previous settlement price. The contract traded in the range of Rs. 5180-5358 Rs/qtl during the session. Rise in open interest along with prices indicate that an uptrend is in place and is likely to be sustained. Volume has declined to 715, lower by 1715 against previous trading day. NCDEX Red Chilli March-2012 Futures (10:31 AM IST) Last Traded Open High Low Previous Close Volume Open Interest 5358 5220 5358 5180 5252 715 2905 nnbsp; Price Drivers: Bullish Factor : 1) Higher demand nnbsp;

TNS RBI hikes bank rate 350 bps

TNS RBI hikes bank rate 350 bps, align with MSF; Not to impact markets

   By Boby Michael

   MUMBAI, FEB 14 (TickerNews Service): The Reserve Bank of India on Monday raised a defunct policy rate -bank rate- by 350 basis points to align it with Marginal Standing Facility, which itself has been set permanently 100 basis points mid-way between repo and reverse repo rate.

   "This should be viewed and understood as one-time technical adjustment to align the bank rate with the MSF rate rather than a change in the monetary policy stance," the RBI said in a statement released late Monday.

   The hike, which takes effect immediately, will mainly impact the penal interest rate charged on CRR defaults by banks, which has been the bank rate for long.

   It will also result in the rise of reference rate as several organisations are still keeping many of their funding or financing rates linked to the bank rate, the central bank circular show.

   "It is practically giving life to a dead rate. The main take-away is the CRR penalty impact," said Premanand Kamat, treasury head of Corporation Bank.

   "Yes, there will be very rare cases of a CRR default. But keeping the penal rate much lower than repo rate is in a way incentivizing a defaulter. The penalty should be at least the MSF," he added.

   The third impact listed by the central bank in its statement was bill discounting and re-discounting rates of banks, which has also been linked to the bank rate.

   However, the bill discounting and re-discounting market, a very non-transparent, difficult-to-operate facility banks used to rely on for their short-term liquidity needs many years ago, is not going to make a comeback and therefore, there is no significance for bank rate hike in that context.

   "A comparison of bills discounting market with modern-day money market instruments will be like comparing laptops with early days' mathematics tables," says Kamat.

   The bank rate hike is not expected to impact gilts or money markets, he added.   

soyabean updates

Soyabean Physical Market Closed with a Firm Note in Bina
At Bina market , Soyabean finished firm at 2300-2325 per quintal, higher by 0.43 per cent as compared to previous day. Traders reported arrivals at 700 quintals, up by 100 quintals as compared to previous day. nnbsp; Soyabean in Bina Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Bina Soyabean 2300-2325 +10 Note: The above mentioned prices are in per quintal and arrivals are in quintals.
 

rm seed up dates

Dabra: Musterd in Physical Market Closed Lower

At Dabra market , Musterd Seed closed lower at 2550-2700 per quintal, lower by 10 per cent as compared to previous day. Total arrivals are at 200 quintals, higher by 140 quintals from previous dayn#39;s arrivals. nnbsp; Musterd in Dabra Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Dabra Musterd Seed 2550-2700 -300 nnbsp; Note: The above mentioned prices are in per quintal and arrivals are in quintals.

Cardamom updates

Nedumkandam: Cardamom Finished Weak in Physical Market

At Nedumkandam market in Idukki, Cardamom Loose(Max. Price) closed lower at Rs. 835.5 per kg, lower by 1.47 per cent from previous dayn#39;s price level. Loose(Avg. Price) at market closed lower at Rs. 623.52 per kg, lower by 2.86 per cent as compared to previous day. unchanged as compared to previous dayn#39;s arrival. Cardamom in Idukki Market (Prices in Rs. per kg) Market Commodity/Variety Price Change Absolute Nedumkandam Cardamom Loose(Max. Price) 835.5 -12.5 nnbsp; Loose(Avg. Price) 623.52 -18.35 nnbsp; Note: The above mentioned prices are in Rs. per kg and arrivals are in kgs.

jeera updates

Cumin Seed in Mehsana Physical Market Ended Strong

At Unjha market in Mehsana , Cumin Seed NCDEX closed high at Rs. 14700-14800 per quintal, higher by 1.54 per cent as against previous day. Arrivals were reported at 6500 quintals, higher by 500 quintals from previous dayn#39;s arrivals. Cumin Seed Machine Cut finished firm at Rs. 14800-15000 per quintal, up by 1.52 per cent as against previous day. Cumin Seed Loose at Unjha market closed weak at Rs. 13500-14000 per quintal, down by 0.53 per cent as compared to previous day. Cumin Seed in Mehsana Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Unjha Cumin Seed NCDEX 14700-14800 +225 Unjha Cumin Seed Machine Cut 14800-15000 +225 Unjha Cumin Seed Loose 13500-14000 -75 nnbsp;

Coriander

Coriander Seed Physical Market Ended with a Weak Note in Kota
At Ramganj market in Kota, Coriander Seed Badami closed lower at Rs. 2800-2900 per quintal, lower by 4.92 per cent from previous trading day. Arrivals were reported at 3000 quintals, lower by 1000 quintals as against previous day. Coriander Seed Eagle finished lower at Rs. 3000-3100 per quintal, lower by 1.59 per cent against previous trading day. Coriander Seed Badami at Kota market closed weak at Rs. 3100 per quintal, lower by 6.06 per cent from previous day. Estimated market supply was at 4000 quintals, up by 500 quintals from previous dayn#39;s arrivals. Coriander Seed Eagle at Kota market ended lower at Rs. 3200-3250 per quintal, lower by 1.52 per cent from previous trading day. Coriander Seed Badami at Baran market ended weak at Rs. 3000-3100 per quintal, down by 3.13 per cent from previous dayn#39;s price level. Total arrivals are at 1500 quintals, steady as against previous dayn#39;s arrival. Coriander Seed Eagle at Baran market closed lower at Rs. 3100-3200 per quintal, down by 3.03 per cent from previous dayn#39;s price level. Coriander Seed in Kota Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Ramganj Coriander Seed Badami 2800-2900 -150 Ramganj Coriander Seed Eagle 3000-3100 -50 Kota Coriander Seed Badami 3100 -200 Kota Coriander Seed Eagle 3200-3250 -50 Baran Coriander Seed Badami 3000-3100 -100 Baran Coriander Seed Eagle 3100-3200 -100 nnbsp;
 

channa news

At present NCDEX Chana March 2012

NCDEX Chana March-2012 delivery contract opened at Rs. 3392 per 100 kg today, a decline of Rs. 21 per 100 kg against previous close price. At present NCDEX Chana March 2012 contract is trading weak at Rs. 3362 per 100 kg, a decline of 1.49 per cent against previous settlement. The contract has so far traded in the range of Rs. 3354-3404 per 100 kg. As both open interest and prices are falling, it indicates long liquidation and suggest a possible trend reversal in near future. Volume has declined to 98040, lower by 710 against previous trading day. NCDEX Chana March-2012 Futures (10:17 AM IST) Last Traded Open High Low Previous Close Volume Open Interest 3362 3392 3404 3354 3413 98040 74360 Price Drivers: Bearish Factor : 1) lower demand 2) commencement of fresh crop in domestic markets nnbsp;