UPDATE OF INVESTMENT

DOWN LAOD

Pulses Down 4.3%, Chana and Tur each Down by 16%

2nd Advance Estimates of Production of Pulses for 2014-15, Total Pulses Down 4.3%, Chana and Tur each Down by 16%

In 2014-15, the Production of pulses estimated at 18.43 million tonnes is lower by 4.36% from 19.5 million tonnes produced in 2013-14. nnbsp; India is likely to harvest 16% lower chana in 2014-15 from last year on lower planted area (down 16% Y-O-Y). nnbsp; Meanwhile, the decline in tur production due to erratic rainfall conditions during the monsoon season-2014. nnbsp; The 2nd Advance Estimates of production of major crops for 2014-15 and Final Estimates for 2013-14 have been released by the Department of Agriculture namp; Cooperation on 18th February, 2015. nnbsp; As per 2nd Advance Estimates, the production of major pulses during 2014-15 are as under: nnbsp; nnbsp;

RMSeed

Rise in domestic demand for Mustard Oil ahead of the Festive season along with firmness in other Oil complex kept trend Bullish for RMSeed. Prospects of improved productivity had kept short term trend down. But with rates at very low levels, traders expect some recovery in the near term as demand picks up.

 Latest WASDE reports indicate India rapeseed production projected at 6.9 million tons, down 650 thousand tons on lower area

 Demand rose for Mustard Oil amidst falling stocks ahead of the Festival season. Cool weather in growing states keep production prospects good though reports of damage to crop in some areas in Rajasthan from the recent rains supported the market sentiments. 

As per Ministry of Agriculture, Rajasthan area coverage in Rabi season 2014-15 till 24 December was 26.40 lakh ha vs 29.73 lakh ha in 2013-14. The government has set a target of 29 lakh for this year. The fall in area was due to high temperature in Oct and lack of rains. Farmer are reportedly shifting to Barley and Wheat. Crops also faced germination problem due to the high Temperature.

 Haryana area coverage in Rabi 2014-15 till 24 December was reportedly 5.25 lakh ha while it was 5.47 lakh ha in 2013-14 during this time. The reason is again the high temperature during Oct. MP area coverage in Rabi 2014-15 till 24 December was 6.46 lakh ha while it was 7.87 in 2013-14. Due to good rains in Oct and fields being unused, early sowing was possible there. UP area coverage in Rabi 2014-15 till 24 December was 11.42 lakh ha while it was 10.37 lakh ha in 2013-14 during this period. As fields this year were unused in kharif season, so farmers had sown Mustard early in UP. 

Mustard area coverage in All over India is 63.79 lakh Ha during Rabi 2014-15 and 67.00 lakh ha in 2013- 14, area coverage during Rabi 2014 -15 is lower.

As per latest reports from Oil World, the output of mustard in Europe is expected to decline near 15% to 205 lakh tons, the lowest level in past 30 years, while it was 240 lakh tons last year. There is outbreak of insects on the mustard cops in Europe, as per the Oil World report, which may reduce the yield.

Soybean

Soybean traded firm as good domestic demand amidst slight firmness in International markets pulled up prices moderately. Traders expect prices have fallen a lot and some short term recovery not ruled out this week. 

Latest WASDE reports indicate global oilseed production for 2014/15 is projected at a record 532.1 million tons, down slightly from last month. Global soybean production is raised 0.7 million tons to a record 315.1 million. Prospects for the Argentina soybean crop have improved with ample moisture and mild temperatures. As a result, the crop is projected at a record 56.0 million tons, up 1.0 million. Soybean production is also raised for China, Russia, and Ukraine. Soybean production for Brazil is projected at 94.5 million tons, down 1.0 million on lower yields reflecting the impact of limited rainfall in eastern growing areas.  

WASDE Report OILSEEDS: U.S. soybean supplies are increased 10 million bushels to 4,086 million on higher projected imports. Exports for 2014/15 are projected at 1,790 million bushels, up 20 million. Soybean crush is raised 15 million bushels to 1,795 million on increased domestic soybean meal disappearance. Soybean oil production gains from additional crush are mostly offset with a lower extraction rate. With increased production and reduced exports, soybean oil ending stocks are projected at 1.505 billion pounds, up 75 million. Soybean ending stocks are projected at 385 million bushels, down 25 million from last month.

 As per IGC, soybean output may rise by 40 lakh tons this year. It has estimated 31.20 crore tons output globally in 2014-15. Previously, the IGC had estimated 30.8 crore tons in its projection released in November.  IGC has estimated 117 lakh tons of soybeans in India for 2014-15, while it was 120 lakh tons last year. However, some organizations differ the estimate. As per the Soybean Processors Association of India report released in November, soybean output may be around 105 lakh tons, while Central Organization for Oil Industry and Trade (COIT) has predicted 91 lakh tons. The COIT has estimated 13 lakh tons less output in Maharashtra as compared to last year. As per COIT, soybean output was 38 lakh tons in the state last year, while it has been recorded only 25 lakh tons as of now.

China, the largest consumer has reportedly scraped orders of soybeans around 1.20 lakh tons during the US marketing seasons started with September 1, showing signs of weak demand. 

Ref Soy Oil up dates

Improved domestic demand kept supporting the prices at these lower levels as a moderately Bullish trend from these levels is not ruled out for Ref Soy Oil in the coming weeks. Festive season domestic demand is expected to provide support to the rates that have fallen a lot over last few weeks.

 As per Rabi Crops data released by Directorate of Economics and Statistics, Ministry of Agriculture, as on 13th Feb, sowing area under total oilseeds is at 80.92 lakh hectares as compared to 90.20 lakh hectares last year.

As per SOPA, India's soy meal shipments during January, 2015 was 1.04 lac tons as compared to 3.64 lac tons in January, 2014 showing a decrease by 71.48% over the same period of last year.  On a financial year basis, the export during April'2014 to January'2015 is 5.35 lac tons as compared to 24.25 lac tons in the same period of previous year showing a decrease of 77.92%. During current Oil year, (October – September), total exports during October 2014 to January, 2015 are 4.38 Lac tones as against 15.49 Lac tones last year, showing a decrease by 71.69%. Iran, France and Indonesia remained the top 3 buyers of Indian soy meal in January 2015.

Exports of Malaysian palm oil products for January fell 14.6 percent to 1,109,188 tonnes from 1,298,461 tonnes shipped during December - cargo surveyor Societe Generale de Surveillance. India imported 162,900 tons during January v/s 359,767 tons last month.

The recent hike in Import Duty on Crude Edible Oil and refined edible oil would have a medium term Bullish impact on prices—as per sources. Import Duty on Crude Edible Oil hiked from 2.5% to 7.5% and on Refined Edible Oil hiked to 15% from 10%. 

Guargum Updates

Markets seem to recover from these lower levels as traders anticipate prices at very strong support levels and further fall in prices may not be sustainable. Exports have started rising in mandis (aided somewhat by a moderate pick up in Crude Oil prices). 

Lack of strong uptrend for Crude Oil rates has been limiting the export demand. With Guar being used for oil drilling purpose, export demand from US is expected to rise on a rise in Crude Oil prices. Failure of Crude Oil rates rising is affecting Guar prices.

As per reports, Guar gum exports during ongoing fiscal year 2014-15 is expected to decline 25% to 4 lakh to 4.5 lakh tons because there is weak demand for guar gum in the International market due to slump in crude prices . India's guar gum export was near 6 lakh tons during the last year

High stocks, weakness in Crude oil price resulting in low export demand, poor quality arrivals had kept pressurizing prices. Poor quality stocks with farmers too resulted in prices falling. But reports indicate farmers may not be willing to sell at these lower present levels.

 As per Rajasthan Agri Department's 2nd advance projection, during 2014-15, production of guar is expected nearly 27.95 lakh ton in the state while earlier expectation was of 14-15 lakh ton. It is to be noted that during 2013, around 50 lakh hectare area was sown which produced 28.61 lakh tonnes guar.

 As per reports from APEDA, in 2013- 14, India exported more than 6 lakh MT Guargum vs nearly 4 lakh MT in the previous year due to a significant fall in rates. However this also ensured a fall in Export realization which fell by 45% in Re terms.

Turmeric

 Rates short up for Turmeric as falling arrivals of the new crop amidst pick up in Festive season demand from North India and rising exports kept trend firm and supported the prices at these very low levels. Arrival pressure of the new crop had been so far keeping pressure on the prices. But with arrivals slowly coming down, the prices could find some support over next few weeks.

 Short term trend likely to be very volatile but a fall in sowing area and delayed arrival of the new crop due to delayed Monsoon last year keeps overall market sentiments firm. Reports of damage to standing crop in TN, AP and Maharashtra also attributed to the prices getting strong support here. 

 A fall in sowing area in TN and Karnataka due to cyclone in October amidst delayed Monsoon could affect production adversely, as per market sources. Even as area in AP goes up, overall production is expected to come down—lending medium term support to prices

 As harvesting of the new crop picks up in coming weeks., this could prevent prices from shooting up a lot as arrivals rise. However, with demand from North India and Export demand expected to rise in coming weeks, the downtrend can be limited—as per market sources

 The demand is expected to pick up in coming days—lending some support to the prices. Traders anticipate prices are at very low levels and further downtrend may be limited. Last year production was low due to crop damage reports from AP and TN but stock levels from earlier years are high.

As per reports from Spice Board of India, the estimated exports of Turmeric during April-September 2014 was pegged at 43000 MT, up by 10% same period previous year in quantity and 15% in value terms, same period in 2013.  

jeera up dates

Jeera kept hitting Upper Circuit levels as export demand increased in the mandis amidst falling arrivals of the new crop. A firm Dollar vs Re kept uptrend intact. 25-30% fall in sowing area too contributed to the upside movement as traders anticipate medium to long term Bullish trend to continue.

 The rains in growing states of Gujarat and Rajasthan last month is expected to improve the crop productivity to some extent. But overall lower sowing area and expected fall in production would however keep long term Bullish sentiments intact as exports rise in mandis. 

As per latest Govt reports, in Gujarat, normal area is approximately 388,000 ha. Till 5.1.2015, only 2.64 lakh ha have sown as compared to 4.54 lakh ha last year. Sowing area during current year likely to go down in Gujarat and Rajasthan due to lower price as compared to Coriander. Area may shift to Coriander and Fenugreek seed. Cumin output is expected to fall steeply in Gujarat this year. Output was 3.46 lakh tons in the state last year but may fall this year as acreage is slashed by 42%. However, yield is expected to improve after the rainfall that the state received recently. Still, there is less probability of the output to cross 2 lakh tons. 

 Latest report from Spice Board of India indicates pickup in exports during April-Sept 2014 period at 87500 tonnes (up from 70243 in April-Sept 2013) – a rise of 25% in Quantity and 2% in value. Targeted Export for 2014-15 period is 1,00,000 tonnes. With Indian produce being of superior quality, they fetch a premium w.r.t. International market. Adverse reports from International producers would be beneficial for the Indian markets in the long term.

 The exports have already shot up 40% during the 1st half of the quarter. It is expected to remain high in coming months too – which could create a Bullish sentiment in the long term for the commodity. Finally a fall in area as reported amidst adverse weather conditions in growing areas could help keep market sentiments firm in the medium term. 

Mentha Oil UPDATES

Mentha Oil traded sideways as no strong report emerged from the mandis. Markets are however likely to remain firm as sowing progresses. Rains at this time would be beneficial for the crop sowing. So that needs to be tracked. Demand from pharmaceutical Industries and rise in exports could support the prices at the lower levels. High stocks are keeping uptrend limited.  

Reports of current prices being on the lower side along with expected pick up in export and winter season domestic demand in coming weeks could ensure prices find some strong support here. 

Higher production and higher stock levels have been keeping sentiments weak for sometime. Domestic pharmaceutical Industries demand are likely to rise in coming weeks

Banning of Gutka in some states continues having negative impact on Mentha Oil demand. Production this year expected higher at more than 60000 tonnes vs ~50000 tonnes last year

Latest reports from Spice Board indicate that for the period AprilDecember last year, exports for Mint value-added products like Oil, Menthol and its crystals rose 94% in volumes at 17,850 tonnes and 39% in value at Rs 2202 Cr w.r.t. same period the previous year.

Chana UPDATES

Trend continued to remain Bullish or Chana as improved domestic demand amidst lower crop expectations kept trend firm for the counter. Traders are not ruling out some more uptrend in coming days as Festive season demand expected to remain high. 

As per Rabi Crops data released by Directorate of Economics and Statistics, Ministry of Agriculture, area coverage under total Pulses is at 145.92 lakh ha till Feb 13, while the last year's sowing area coverage was 162.21 lakh ha. Chana has been sown over 85.91 lakh ha, which is less 15% as compared to last year's 102.25 lakh ha. 

However, lower sowing reports and expectations of a pick up in demand at the lower levels are likely to support the prices in coming weeks. Extending Dutyfree import for Pulses till March 31 may prevent strong uptrend. But a fall in Rabi sowing area for Rabi Pulses and lower International production prospects could support prices in medium to long term. 

As per USDA, expected pulses production in US is up by 8% to 2,232,630 metric tonne during 2014 from last year. Reports from Canada indicate chickpea production there expected to fall to 0.14 million MT in 2014-15—down from 0.18 million MT in 2013-14due to lower yield. Reports from Australia indicate a 22.5% fall in Pulses production and more than 30% fall in Chick Peas production in 2014- 15 vs that in 2013-14. 

Report from AP Agri Dept indicates Rabi Pulses sowing down 4% from 8.45 lakh ha as on 28.01.2014 to 8.12 lakh ha as on 28.01.2015. As per Maharashtra Agri Dept, sowing till Feb 6 is down 18%. According to Gujarat Agriculture department, rabi chana acreage till Feb 2,2015 is down by 31% compared to the last year's area. The 2nd advance estimate by Rajasthan state agriculture department projected 12.24 lakh tons of chana this year, while it had touched 16.40 lakh tons last year. Chana acreage is lagging by 22% there. As per the data, sowing area has covered 14.9 lakh ha in the state so far, while it was recorded 19.23 lakh ha last year. 

Wheat New Crop Arrived in Jamnagar region of Gujarat

Wheat New Crop Arrived in Jamnagar region of Gujarat

New wheat crop is arriving in Jamnagar region of Gujarat .Common grade variety is in the range of Rs1625-1650/ quintal and Tukda variety in the range of Rs 1675-1700/quintal. However, arrival is low which is around 300-400 bags. Overall crop condition in the region is good and farmers are expecting greater yield of wheat this year as compare to last year.

Mustard in Gujarat Physical Market Trading Strong

Mustard in Gujarat Physical Market Trading Strong

At Kandla market , Mustard Doc/Oilcake is trading firm at Rs. 16100 MT, higher by 0.63 per cent from previous trading day. nnbsp; Mustard in Gujarat Market (Prices in Rs. MT) Market Commodity/Variety Price Change Absolute Kandla Mustard Doc/Oilcake 16100 +100 nnbsp; Note: The above mentioned prices are in Rs. MT and arrivals are in .

Kota: Mustard Trading Higher in Physical Market

Kota: Mustard Trading Higher in Physical Market

At Kota market , Mustard Non Condition is trading firm at Rs. 3250-3350 per quintal, higher by 1.52 per cent from previous dayn#39;s price level. Estimated market supply was at 7000 Bags, higher by 2000 Bags from previous trading day. Mustard Condition is offered firm at Rs. 3800-3900 per quintal, up by 1.3 per cent against previous trading day. steady as against previous dayn#39;s arrival. Mustard in Kota Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Kota Mustard Non Condition 3250-3350 +50 Kota Mustard Condition 3800-3900 +50 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in Bags.

Black Pepper Physical Market Trading Weak in New Delhi

Black Pepper Physical Market Trading Weak in New Delhi

At New Delhi market , Black Pepper Unpolished is trading weak at Rs. 69000 per quintal, down by 4.83 per cent from previous dayn#39;s price level. Black Pepper in New Delhi Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute New Delhi Black Pepper Unpolished 69000 -3500 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in tonnes.

Mentha Oil in Barabanki Physical Market Trading Strong

Mentha Oil in Barabanki Physical Market Trading Strong

At Barabanki market , Mentha Oil is trading strong at 175 840 per Kg, higher by 1.82 per cent from previous dayn#39;s price level. Traders reported arrivals at 200 Drums(1-drum-180kg), unchanged as compared to previous dayn#39;s arrival. Mentha Oil in Barabanki Market (Prices in 175 per Kg) Market Commodity/Variety Price Change Absolute Barabanki Mentha Oil 840 +15 nnbsp; Note: The above mentioned prices are in 175 per Kg and arrivals are in Drums(1-drum-180kg).

Rapeseed Physical Market Trading with a Strong.

Rapeseed Physical Market Trading with a Strong.

At Jaipur market , Rapeseed Oil Cake is trading firm at Rs. 15600 MT, up by 0.65 per cent from previous trading day. Rapeseed Oil Cake at Alwar market is offered high at Rs. 15600 MT, higher by 0.65 per cent as compared to previous day. steady as against previous dayn#39;s arrival. Rapeseed in Rajasthan Market (Prices in Rs. MT) Market Commodity/Variety Price Change Absolute Jaipur Rapeseed Oil Cake 15600 +100 Alwar Rapeseed Oil Cake 15600 +100 nnbsp; Note: The above mentioned prices are in Rs. MT and arrivals are in .

Sunflower Seed in Karnataka Physical Market Trading Higher

Sunflower Seed in Karnataka Physical Market Trading Higher

At Gulbarga market , Sunflower Seed is trading high at Rs. 28550-31050 MT, higher by 5.25 per cent as compared to previous day. Traders reported arrivals at 102 Qntl, down by 13 Qntl as against previous day. Sunflower Seed in Karnataka Market (Prices in Rs. MT) Market Commodity/Variety Price Change Absolute Gulbarga Sunflower Seed 28550-31050 +1550 nnbsp; Note: The above mentioned prices are in Rs. MT and arrivals are in Qntl.

Groundnut Cake in Gujarat Physical Market Trading Steady

Groundnut Cake in Gujarat Physical Market Trading Steady

At Gondal market , Groundnut Cake is trading at Rs. 25000 MT, steady as against previous close. Groundnut DOC 40% is offered at Rs. 21500 MT, unchanged against previous close. Groundnut DOC 45% at Gondal market is quoted at Rs. 24500 MT, unchanged as compared to previous close. nnbsp; Groundnut Cake in Gujarat Market (Prices in Rs. MT) Market Commodity/Variety Price Change Absolute Gondal Groundnut Cake 25000 0 Gondal Groundnut DOC 40% 21500 0 Gondal Groundnut DOC 45% 24500 0 nnbsp;

BANK NIFTY TIPS

BANK NIFTY 2ND TARGET ACHIEVED

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BANK NIFTY TIPS

BANK NIFTY 1ST TARGET ACHIEVED

Erode: Turmeric Trading Unchanged in Physical Market

Erode: Turmeric Trading Unchanged in Physical Market

At Erode market , Turmeric Finger is trading at Rs. 7600-7900 per quintal, unchanged as compared to previous close. Arrivals were reported at 4000 quintals, lower by 6000 quintals as against previous day. Turmeric Gattah is offered at Rs. 7300-7600 per quintal, steady against previous close. Turmeric Sellem at Erode market is quoted at Rs. 7800-8300 per quintal, steady as against previous close. Turmeric in Erode Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Erode Turmeric Finger 7600-7900 0 Erode Turmeric Gattah 7300-7600 0 Erode Turmeric Sellem 7800-8300 0 nnbsp;

BANK NIFTY TIPS

SELL BANK NIFTY@19530 STOP LOSS 19680 TARGET 19430/19300/19130

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India Industrial Output - Dec Up 1.7% On Yr

 India Industrial Output - Dec Up 1.7% On Yr

 

   MUMBAI : India's Index of Industrial Production with year-on-year and month-on-month change in percent for the base year

2004-05=100

 

  Next update of IIP Index for Jan 2015 will be on Mar 12.

 

  Note: The IIP indices and growth rates have been recompiled from Apr 2008 using Wholesale Price Index new series with base 2004-05 for the IIP items reported in value terms.

 

(Source: Central Statistical Organisation; Press Information Bureau.)

      

* quick estimates

# first revision

@ Second (final) revision will be carried in Mar 2014.

Indices for the months of Sep'2014 and Nov'2014 incorporate updated production data.

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Gold Outlook: May extend gain Mon on weak dollar, weak US data

Gold Outlook: May extend gain Mon on weak dollar, weak US data

 

   MUMBAI, FEB 16 (TickerNews Service): Gold may extend gain for a second straight trading session Monday after dollar weakened against the other currencies and on weak economic data from United States, the world's biggest economy, said analysts.

  "Gold will rise on weak dollar after US consumer sentiments unexpectedly fell in February," said Ajay Kumar Kedia an analyst with Kedia Commodities.

  Prices of the bullion will be supported as weak dollar globally boosts investors' appetite for the dollar denominated commodities, said analysts.

  At 9:35AM dollar index, which measures the strength of greenback against its six major trading partners, dropped 0.29% to 93.94.

  Prices of the bullion will also be up after US consumer sentiments data fell unexpectedly in February from 11-year high amid worries over slowing economic growth of the country, increasing safe haven appeal for the yellow metal, said analysts.

  US Reuters/Michigan consumer sentiment index eased to 93.6 in February compared to analysts expectation of 98.1 and 98.1 a month ago, government data showed.

  Gold price will also be supported by safe haven appeal as investors are caution ahead of Greece's talks, over its debt and austerity measures that due to resume on Monday as the latest Euro-zone meeting ended with no agreement, said analysts.

  On Sunday, Greece said that it was confident of reaching agreement in negotiations with its euro zone partners but reiterated it would not accept harsh austerity strings in any debt pact.

   On Friday, gold for April delivery at the close of trades rose 0.64% to Rs 26,691 per 10 grams on the Multi-Commodity Exchange (MCX).

  Gold prices rose 0.46% to $ 1,232.70 per ounce on the Comex exchange.

  Gold prices are likely to find support at Rs 26,559-26,662 per 10 grams while resistance is seen at Rs 26,761-26,824 per 10 grams today, said Ramesh Chenchala, technical analysts with Karvy Comtrade.

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NSE TIPS

BUY HDIL @117 STOP LOSS 108 TARGET 128/138/148

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HDIL NEWS

TNS STOCKS: HDIL spurts as Q3 net profit rises more than 2-fold on income

 

  MUMBAI, FEB 16: Housing Development and Infrastructure Ltd., a Mumbai-based real estate development company, spurted Monday as fiscal third quarter net profit rose more than two fold or 234.41% on higher income from operations.

   Company's net profit rose to Rs 690.9 million in the three months ended Dec 31 compared to Rs 206.6 million in the corresponding period a year ago, HDIL said in a statement to the stock exchanges on Saturday.

  Income from operation rose to Rs 3.47 billion in the three months ended Dec 31 compared to Rs 0.68 million in the same period a year ago.

  Other income also rose to Rs 34.4 million in the third quarter compared to Rs 27.4 million in the same quarter a year ago.

  At 9:30AM, HDIL spurted 6.4% to Rs 117.25 on the Mumbai stock exchange.

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Indore Soybean, Soymeal and Soyoil Prices - Feb 14 - Table

Indore Soybean, Soymeal and Soyoil Prices - Feb 14 - Table

 

    MUMBAI, FEB 14 : Soybean, soyoil and soymeal prices

& arrivals in local mandis of Indore and Madhya Pradesh.

   

 Indore soybean market delivery prices in rupees/ton (excluding 4% VAT)

                                     Today's          Previous

   Auction price                  32,000-32,250     32,000-33,000

    Plant delivery price           33,050-33,750     33,050-34,000

 

    Soybean arrivals in bags of 90 kilograms each in key market of Madhya Pradesh, market delivery prices in rupees/ton, according to trade sources (excluding 4% VAT):

                      Arrivals      Auction price   Plant delivery price

   Madhya Pradesh   50,000-75,000   32,000-32,250     33,050-33,750  

                                                                   

    Indore              3,000        32,000-32,250     33,050-33,750  

    Dewas               4,000    

    Harda             1,000-2,000

    Mahu              1,000-1,200

    Sehore            1,000-1,200

   Ujjain              4,000    

 

    Soybean yellow plant delivery prices in rupees/ton:

                                       Today's         Previous

   Deepak Mangal                       33,057          33,000

   Divya Jyoti Industries Ltd.         33,025          33,025

   Jagdish Brokers                     33,050          33,050    

    Lakahnalal Kantilal Brokers         33,000          33,050    

    Narayandas Vijayavargi              33,050          33,050

   Prakash Solvex                      33,060          33,050

   Premier Proteins                33,050-33,750    33,050-34,000

 

   Soymeal premiere plant delivery prices in rupees/ton:

                                       Today's         Previous

   Gupta Sales Corp.                   29,000          28,500

   Lakahnalal Kantilal Brokers         28,800          28,800

   Narayandas Vijayavargi              28,500          28,700

   Prakash Solvex                      29,000          28,500

   Prestige Foods Ltd                  29,000          29,100

  

    FOR Mumbai delivery                   n.a.            n.a.  

    FOT Mumbai delivery                   n.a.            n.a.

    FOR Kandla                          29,200          29,000

   FAS/FOB(Bedi/Kndla)US$              465-470         467-470

 

   Soyoil refined plant delivery prices in rupees/10kg (excluding VAT):

                                       Today's         Previous

   Gautam International                620-622         617-625

   Kishanchand Baheti                    620             620

   Lakahnalal Kantilal Brokers           620           617-620

   Madanlal Bhaya & Co.                  620             620

   Malpani Commodities Pvt. Ltd.         620             617

   Prakash Solvex                        620             625

   Prestige Foods Ltd                    625             625

 

   Soyoil solvent plant delivery prices in rupees/10kg (excluding VAT):

                                       Today's         Previous

   Gautam International                  595             595

   Kishanchand Baheti                    595             595

   Lakahnalal Kantilal Brokers           595             595

   Madanlal Bhaya & Co.                  590             590

   Malpani Commodities Pvt. Ltd.         590             590

   Prestige Foods Ltd                    600             595

 

 

FOR = Freight on Railway

FOT = Freight on Truck

FAS = Freight across Shipment

n.a.= not available  (End)

Pulses Physical Market Finished Steady in New Delhi

Pulses Physical Market Finished Steady in New Delhi

At New Delhi market , Masoor Kota line finished at Rs. 6000-6100 per quintal, unchanged as compared to previous close. Masoor Sikri line finished at Rs. 7300-7400 per quintal, unchanged against previous close. Masoor Badi Masoor dall at New Delhi market finished at Rs. 6200 per quintal, unchanged as compared to previous close. Masoor Choti Masoor Dall at New Delhi market finished at Rs. 6800 per quintal, unchanged as compared to previous close. Masoor Chanti-Export at New Delhi market finished at Rs. 8700 per quintal, steady against previous close. Urad SQ at New Delhi market finished at Rs. 6000 per quintal, unchanged as compared to previous close. Pulses in New Delhi Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute New Delhi Masoor Kota line 6000-6100 0 New Delhi Masoor Sikri line 7300-7400 0 New Delhi Masoor Badi Masoor dall 6200 0 New Delhi Masoor Choti Masoor Dall 6800 0 New Delhi Masoor Chanti-Export 8700 0 New Delhi Urad SQ 6000 0 nnbsp;

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West Bengal Pulses Physical Market Finished Steady

West Bengal Pulses Physical Market Finished Steady

At Kolkata market in West Bengal, Urad Burmese closed at Rs. 5950 per quintal, unchanged as compared to previous close. Peas Yallow/ White Canadian closed at Rs. 2515 per quintal, steady against previous close. Peas Green Canadian at Kolkata market ended at Rs. 2950 per quintal, steady as against previous close. Chana Australia at Kolkata market ended at Rs. 3600 per quintal, steady as against previous close. Masoor Canadian at Kolkata market closed at Rs. 5400 per quintal, steady against previous close. Pulses in West Bengal Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Kolkata Urad Burmese 5950 0 Kolkata Peas Yallow/ White Canadian 2515 0 Kolkata Peas Green Canadian 2950 0 Kolkata Chana Australia 3600 0 Kolkata Masoor Canadian 5400 0 nnbsp;

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Pulses Physical Market Ended Steady in Nagaur

Pulses Physical Market Ended Steady in Nagaur

At Mertha City market in Nagaur, Moong Mogar finished at Rs. 7600 per quintal, steady as against previous close. Traders reported arrivals at 800 quintals, steady as against previous dayn#39;s arrival. Moong Polish finished at Rs. 7650 per quintal, unchanged against previous close. Moong Dal Chilka at Mertha City market ended at Rs. 7650 per quintal, unchanged as compared to previous close. Chana Desi at Mertha City market ended at Rs. 3225 per quintal, unchanged as compared to previous close. Arrivals were reported at 500 quintals, unchanged as compared to previous dayn#39;s arrival. Pulses in Nagaur Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Mertha City Moong Mogar 7600 0 Mertha City Moong Polish 7650 0 Mertha City Moong Dal Chilka 7650 0 Mertha City Chana Desi 3225 0 nnbsp;

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Gwalior Pulses Physical Market Ended Steady

Gwalior Pulses Physical Market Ended Steady

At Gwalior market , Chana New Desi finished at 3200 per quintal, unchanged as compared to previous close. Chana Dal at market ended at 3850-3900 per quintal, steady against previous close. Masoor Wholesaler at market finished at 5200 per quintal, steady as against previous close. Masoor Dal (malka) at market finished at 6200 per quintal, unchanged as compared to previous close. White New Peas at market finished at 2425 per quintal, unchanged from previous close. White Peas Dal at market ended at 2850-2900 per quintal, unchanged as compared to previous close. Pulses in Gwalior Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Gwalior Chana New Desi 3200 0 nnbsp; Chana Dal 3850-3900 0 nnbsp; Masoor Wholesaler 5200 0 nnbsp; Masoor Dal (malka) 6200 0 nnbsp; White New Peas 2425 0 nnbsp; White Peas Dal 2850-2900 0 nnbsp;

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Pulses in Physical Market Finished Firm in Harpalpur

Pulses in Physical Market Finished Firm in Harpalpur

At Harpalpur market , Peas White finished high at 2300-2350 per quintal, up by 2.17 per cent as against previous day. Estimated market supply was at 100 quintals, unchanged as compared to previous dayn#39;s arrival. Urad Desi ended at 5500-5600 per quintal, steady against previous close. unchanged as compared to previous dayn#39;s arrival. Pulses in Harpalpur Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Harpalpur Peas White 2300-2350 +50 Harpalpur Urad Desi 5500-5600 0 nnbsp; Note: The above mentioned prices are in per quintal and arrivals are in quintals.

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Steady Sentiment Witnessed in Bhind Pulses Physical Market

Steady Sentiment Witnessed in Bhind Pulses Physical Market

At Bhind market , Chana Desi ended at 3050-3100 per quintal, unchanged as compared to previous close. Traders reported arrivals at 25 quintals, unchanged as compared to previous dayn#39;s arrival. Chana Dal ended at 3900 per quintal, steady against previous close. Tur Desi at Bhind market finished at 4600-4700 per quintal, steady as against previous close. Trade sources reported arrivals at 50 quintals, unchanged as compared to previous dayn#39;s arrival. Pulses in Bhind Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Bhind Chana Desi 3050-3100 0 Bhind Chana Dal 3900 0 Bhind Tur Desi 4600-4700 0 nnbsp;

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Pulses Physical Market Ended Steady in Gulbarga(Kalaburagi)

Pulses Physical Market Ended Steady in Gulbarga(Kalaburagi)

At Gulbarga(Kalaburagi) market , Tur Red(New Crop) ended at Rs. 6200 per quintal, unchanged as compared to previous close. Arrivals were reported at 10000 quintals, up by 3000 quintals from previous dayn#39;s arrivals. Tur Fatka Dall closed at Rs. 8400-8500 per quintal, unchanged against previous close. Chana Annagiri at Gulbarga(Kalaburagi) market closed at Rs. 3900-3950 per quintal, unchanged as compared to previous close. Total market arrivals are at 1500 quintals, steady as against previous dayn#39;s arrival. Urad Mogar Dal at Gulbarga(Kalaburagi) market ended at Rs. 8400-9100 per quintal, unchanged as compared to previous close. Moong Mogar Dal at Gulbarga(Kalaburagi) market finished firm at Rs. 9900-10200 per quintal, higher by 2 per cent as compared to previous day. Chana Dal at Gulbarga(Kalaburagi) market closed high at Rs. 4800-4850 per quintal, higher by 1.04 per cent as against previous day. Pulses in Gulbarga(Kalaburagi) Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Gulbarga(Kalaburagi) Tur Red(New Crop) 6200 0 Gulbarga(Kalaburagi) Tur Fatka Dall 8400-8500 0 Gulbarga(Kalaburagi) Chana Annagiri 3900-3950 0 Gulbarga(Kalaburagi) Urad Mogar Dal 8400-9100 0 Gulbarga(Kalaburagi) Moong Mogar Dal 9900-10200 +200 Gulbarga(Kalaburagi) Chana Dal 4800-4850 +50 nnbsp;

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Steady Sentiment Witnessed in Dahod Pulses Physical Market

Steady Sentiment Witnessed in Dahod Pulses Physical Market

At Dahod market , Chana Desi ended at 3300 per quintal, steady as against previous close. Tur Red finished firm at 5200 per quintal, up by 1.96 per cent from previous price level. Tur White at Dahod market ended firm at 6100 per quintal, higher by 5.17 per cent as compared to previous day. Urad Local at Dahod market closed firm at 6000 per quintal, higher by 2.56 per cent from previous trading day. Pulses in Dahod Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Dahod Chana Desi 3300 0 Dahod Tur Red 5200 +100 Dahod Tur White 6100 +300 Dahod Urad Local 6000 +150 nnbsp;

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Pulses Physical Market Ended Steady in Andhra Pradesh

Pulses Physical Market Ended Steady in Andhra Pradesh

At Vijaywada market in Andhra Pradesh, Chana Desi ended at Rs. 4000 per quintal, unchanged as compared to previous close. Total arrivals are at 1000 quintals, steady as against previous dayn#39;s arrival. Moong Desi ended at Rs. 7100 per quintal, unchanged against previous close. Traders reported arrivals at 1500 quintals, steady as against previous dayn#39;s arrival. Urad Polish at Vijaywada market ended at Rs. 6100 per quintal, unchanged as compared to previous close. Arrivals were reported at 1500 quintals, unchanged as compared to previous dayn#39;s arrival. Urad Sada(Bada) at Vijaywada market ended at Rs. 5900 per quintal, unchanged as compared to previous close. Tur Lemon at Vijaywada market finished at Rs. 5500 per quintal, unchanged from previous close. Pulses in Andhra Pradesh Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Vijaywada Chana Desi 4000 0 Vijaywada Moong Desi 7100 0 Vijaywada Urad Polish 6100 0 Vijaywada Urad Sada(Bada) 5900 0 Vijaywada Tur Lemon 5500 0 nnbsp;

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Pulses Physical Market Finished Steady in Guntur

Pulses Physical Market Finished Steady in Guntur

At Guntur market , Urad Gota Branded ended at Rs. 8350 per quintal, unchanged as compared to previous close. Urad Polished ended at Rs. 6110 per quintal, unchanged against previous close. Urad Unpolished at Guntur market closed at Rs. 6060 per quintal, unchanged as compared to previous close. Pulses in Guntur Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Guntur Urad Gota Branded 8350 0 Guntur Urad Polished 6110 0 Guntur Urad Unpolished 6060 0 nnbsp;

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Kerala Rubber Physical Market Finished Steady

Kerala Rubber Physical Market Finished Steady

At Kottayam market in Kerala, Rubber RSS-4(In Rs.) ended at Rs. 13980 Quintals, steady as against previous close. Rubber RSS-4(IN USD) closed at Rs. 224.99 Quintals, steady against previous close. Rubber RSS-4(In Rs.) at Cochin market ended at Rs. 13980 Quintals, steady as against previous close. Rubber RSS-4(IN USD) at Cochin market finished at Rs. 224.99 Quintals, unchanged as compared to previous close. Rubber in Kerala Market (Prices in Rs. Quintals) Market Commodity/Variety Price Change Absolute Kottayam Rubber RSS-4(In Rs.) 13980 0 Kottayam Rubber RSS-4(IN USD) 224.99 0 Cochin Rubber RSS-4(In Rs.) 13980 0 Cochin Rubber RSS-4(IN USD) 224.99 0 nnbsp;

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Guar in Rajasthan Physical Market Trading Strong

Guar in Rajasthan Physical Market Trading Strong

At Sri Ganganagar market , Guar Loose is trading firm at Rs. 3625 per quintal, higher by 2.84 per cent as compared to previous day. Total arrivals are at 1000 Quintal, down by 2000 Quintal from previous dayn#39;s arrivals. Guar All paid is offered firm at Rs. 3750 per quintal, up by 2.74 per cent as against previous day. Guar Loose at Nagaur market is quoted weak at Rs. 3650 per quintal, down by 1.35 per cent as against previous day. Trade sources reported arrivals at 200 Quintal, lower by 50 Quintal from previous dayn#39;s arrivals. Guar Loose at Alwar market is offered at Rs. 3500 per quintal, unchanged as compared to previous close. Estimated market supply was at 200 Quintal, lower by 200 Quintal from previous trading day. Guar Gum at Alwar market is trading at Rs. 9200 per quintal, steady against previous close. Guar All paid at Churu market is quoted at Rs. 3800 per quintal, unchanged as compared to previous close. Total arrivals are at 200 Quintal, down by 200 Quintal as compared to previous day. Guar in Rajasthan Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Sri Ganganagar Guar Loose 3625 +100 Sri Ganganagar Guar All paid 3750 +100 Nagaur Guar Loose 3650 -50 Alwar Guar Loose 3500 0 Alwar Guar Gum 9200 0 Churu Guar All paid 3800 0 nnbsp;

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Guar in Physical Market Trading Weak in Jodhpur

Guar in Physical Market Trading Weak in Jodhpur

At Jodhpur market , Guar seed Loose is trading weak at Rs. 3600 per quintal, lower by 1.37 per cent from previous trading day. Total arrivals are at 50 Quintal, lower by 20 Quintal from previous trading day. Guar seed All Paid is offered weak at Rs. 3750 per quintal, down by 1.96 per cent from previous price level. Guar Gum at Jodhpur market is quoted lower at Rs. 9000 per quintal, lower by 1.1 per cent as against previous day. Guar in Jodhpur Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Jodhpur Guar seed Loose 3600 -50 Jodhpur Guar seed All Paid 3750 -75 Jodhpur Guar Gum 9000 -100 nnbsp

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West Bengal Pulses Physical Market Finished Steady

West Bengal Pulses Physical Market Finished Steady

At Kolkata market in West Bengal, Urad Burmese closed at Rs. 5950 per quintal, unchanged as compared to previous close. Peas Yallow/ White Canadian closed at Rs. 2515 per quintal, steady against previous close. Peas Green Canadian at Kolkata market ended at Rs. 2950 per quintal, steady as against previous close. Chana Australia at Kolkata market ended at Rs. 3600 per quintal, steady as against previous close. Masoor Canadian at Kolkata market closed at Rs. 5400 per quintal, steady against previous close. Pulses in West Bengal Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Kolkata Urad Burmese 5950 0 Kolkata Peas Yallow/ White Canadian 2515 0 Kolkata Peas Green Canadian 2950 0 Kolkata Chana Australia 3600 0 Kolkata Masoor Canadian 5400 0 nnbsp;

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Coffee Crops In Brazil

Coffee Crops In Brazil May Reach At 47.28 Million Bags in 2015/16-Terra Forte

According to Coffee Exporters Terra Forte, Brail is expected to harvest more coffee crops at 47.28 million 60-kg bags of coffee in the 2015/16 against 46.78 million bags in 2014/15 attributed higher Arabica coffee crops estimates which may touch the level of 32.05 million bags as compared to 29.3 million bags in 2014/15. While, Robusta crops forecast is placed lower at nnbsp;15.2 million bags against 17.4 million bags in last year. nnbsp;

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Edible oil/weekly:Soybean may rise on higher demand, global supply worries

Edible oil/weekly:Soybean may rise on higher demand, global supply worries

 

   

   MUMBAI, FEB 14: Soybean may trade rise next week on higher United States soybean export number and on weak supply of the crop from United States and Brazil, indicating tight supply situation, said analysts.

  "Soybean will rise on higher demand for the crop in international market and on supply worries from US and Brazil," said Ankita Parekh an analyst with Nirmal Bang.

  Prices of the bean will be supported on improved demand from oil crusher in domestic market and in US market, said analysts.

  Soybean prices will be supported on USDA said private shippers sold 745,400 tons of soybeans for the 2014-2015 season, beating analysts' expectations and coming in 52% higher than the previous week and 29% higher than the prior four-week average.

  In domestic market, demand for the bean is also expected to rise from oil crusher on speculation that government may rise imports duty on edible oil after industry sought further increment in import duty on crude and refined oil to safeguard the interest of oilseed farmers by ensuring remunerative prices following higher imports, said Solvent Extractors' Association (SEA) of India in press release.

   "As a remedy to the current situation, we would once again like to strongly appeal to the Union Government to immediately increase import duty on crude vegetable prices," said B V Mehta Executive Director SEA of India.

   The industry is demanding the government to raise import duty on crude vegetable oils to 10% from 7.5% and on refined oil to 25% from 15% to support the inertest of the farmer.

  Prices of the bean will also be supported USDA decreased 2014-15 United States soybean production forecast indicating tight supply in the world's biggest bean producer.

  The USDA trimmed US, the world's biggest bean grower, 2014-15 production estimates to 108 million tons unchanged from the previous estimates and 91.4 million tons a year ago.

  USDA also decreased forecast for 2014-15 US soybean ending stockpiles to 385 million bushels compared to 410 million bushels in the previous month and 92 million bushels a year ago.

  Brazil, the world's second biggest soybean producer, 2014-15 output may fall to 94.5 million tons compared to 95.5 million tons a month ago and 86.7 million tons a year ago, the USDA said.   

   Soybean for April delivery traded in Rs 3,430-3,315 per 100 kilogram range in the past five trading sessions. Soybean for April delivery is expected to trade in Rs 3,350-3,560 per 100 kilograms on the National Commodity & Derivative Exchange next week.

  Crude palm oil may trade flat next week on fear of lower supply from Indonesia and Malaysia and on weak demand, said analysts.

  CPO prices will be supported on a report that the government of Indonesian, the world's biggest oil producer, is in process of increasing the bio diesel subsidy by three fold.

   Earlier the subsidy was Rupiah 1,500 for one litre and now it is proposed to be Rupiah 4,000 per litre. The move needs to be passed by the budget committee in parliament, the directorate general for oil and gas at the Energy & Mineral Resources Ministry said.  

   Prices of the CPO will also be up after Malaysia's crude palm oil output fell in January due to floods, and its stockpiles of the commodity hit a six-month low at the end of January.

  Palm oil output fell 15% to 1.16 million tons as on January end compared to 1.36 million tons a month earlier.

  Palm oil stockpiles also dropped 12.2% to 1.77 million tons as on January end compared to 2.01 million tons a month ago, data showed.

  Malaysia, the world's second-largest palm oil producer, is facing widespread flooding due to a severe monsoon in December and January.

  Meanwhile, after five months of zero duty on crude palm oil (CPO) exports, Malaysian government has finally decided to reintroduce duty next month. Earlier

decision was necessitated by poor exports from the country.

  However, sharp gain in the CPO prices will be capped by oversupply of the oil in domestic market following robust imports data, said analysts.

  India Crude palm oil imports rose 72.09% to 580,695 tons in January compared to 337,418 tons in the same period a month ago, data release from the Solvent Extractors Association (SEA) of India showed.

  Prices of the CPO will also be under pressure on subdued demand following weak Malaysia palm oil export data, said analysts.

  Malaysia palm oil exports in Feb 1-10 fell 16% from a month earlier on weak demand from China, India, and Middle East while output of the edible oil fell 15% in January end due to floods, DowJones reported.

  Malaysia palm oil exports dropped to 298,910 tons in Feb 1-10 compared to 355,846 tons for the same period a month ago, Dow Jones reported citing data from Intertek a private surveyor showed today.

  CPO for February delivery in the past five sessions traded in Rs 463.90-447.10 per 10 kilogram and may trade in Rs 450-459 per 10 kilograms range on the MCX in next week.

  Soyoil may rise next week on improvement in demand and on speculation that government may hike imports duty on edible oil, said analysts.

  The industry is demanding the government to raise import duty on crude vegetable oils to 10% from 7.5% and on refined oil to 25% from 15% to support the inertest of the farmer.

  Soyoil traded in Rs 603.50-586.05 per 10 kilogram range in the past five trading sessions. Soyoil for April delivery is expected to trade in Rs 590-610 per 10 kilograms rang next week on the National Commodity & Derivative Exchange (NCDEX).

  Prices of the mustard seed, the main rabi crop, will extend gain next week on supply worries following weak sowing data, said analysts.

  India's rabi crop sowing contracted to 61.57 million hectare until Feb 13 from 65.68 million hectare a year showing a decline of 6%, agriculture ministry data showed.

   Oilseeds acreage was down at 8.1 million hectare as against 9.02 million hectare as farmers planted less mustard seed due to moisture stress in Rajasthan and Madhya Pradesh, two major mustard producing states.

   RM seed for April traded in Rs 3,354-3,252 per 100 kilogram range for past five trading session. RM seed for April delivery may trade in Rs 3,270-3,380 per kilogram range next week, analysts said.

 

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Base Metal/weekly: Copper may fall on weak global demand, higher supply

Base Metal/weekly: Copper may fall on weak global demand, higher supply

   MUMBAI, FEB 14 : Copper may fall next week after gaining for a third straight trading session this week on demand worries from United States and China following weaker than expected economic data and on  higher inventories, indicating oversupply situation, said analysts.

  "Copper will fall on weak demand from China and US and on higher supply of the metal," said Priyanka Jhaveri an analyst with Kotak Commodities.

   Prices of the base metals will be under pressure after retail sale in US, the second biggest metals consumer, slumped in January for a second straight month and after a government data showed that number of Americans applied for unemployment claims has risen in the past week, fuelling worries over weak demand, said analysts.

  United States jobless claims rose to 304,000 for the week ended Feb 6 compared to analysts' estimate of 285,000 and 279,000 a week ago while retail sales in January fell 0.8% compared to consensus estimation of 0.5% decline and 0.9% fall, government data showed.

  The soft core retail sales prompted Barclays to lower its first-quarter US GDP growth estimate by three-tenths of a percentage point to a 2.2% annual rate. JPMorgan cut its estimate to a 2.5% rate from a 3% pace.

  The economy grew at a 2.6% annual pace in the fourth quarter. However, inventory and trade data for December was below the government's assumptions in the GDP report, suggesting growth could be revised to as low as a 1.8% rate.

  Prices of the bullion will also be under pressure after China's consumer price index slowed more and producer prices have fallen for 35 consecutive months, said analysts.

  China consumer price index in January eased by 0.3% compared to analysts' expectation of 0.4% rise and 0.3% growth a month ago while producer prices index in January fell 4.3% compared to consensus expectation of 3.8% decline and 3.3% fall a year ago, government data showed.

  China import slumped to 19.9% in January lower than analysts' estimate of 3.5% fall and 2.3% decline a month ago, data from China's National Bureau Statistics showed.

  China is the world's largest consumer of copper accounting for about 40% of total global demand and major consumer of other industrial metals.

  Prices of the red metal process will also be under pressure on higher stockpiles of the metal on London Metal Exchange (LME), indicating oversupply situation, said analysts.

  LME data showed copper stocks rose by a massive 32,500 tonnes to 284,600. The red metal stocks have soared 61% so far this year and are the highest in nearly a year.

   Prices of the base metals will also fall on higher stocks warrant of the metal at China Shanghai, indicating oversupply situation, said analysts.

  China Shanghai copper stocks on warrant up by 16,306 to 155,702 tons, aluminium stocks on warrant up by 2,815 tons to 188,842 tons, and zinc stocks on warrant up by 5,616 tons to 102,787 tons on week.

  Prices of the industrial metals will also be under pressure on fear of lower level of physical buying in China ahead of festivals, said analysts.

  Demand for the metals will be weak ahead of Lunar New Year in China, with traders reluctant to stock up given slowing demand growth and ample supply expected.

  Copper for February delivery traded in Rs 362.50-348.05 per kilograms range this week and are likely to trade in Rs 364-348 per kilograms range next week.

  For the past five trading sessions aluminium for February delivery traded in Rs 116.80-112.80 range on the Multi Commodity Exchange. Aluminium prices are likely to trade in Rs 116-111 per kilogram range next week.

  Lead for February delivery traded in Rs 116.40-112.05 per kilogram range this week and may trade in Rs 116-111 per kilogram range next week.

   Nickel for January delivery traded in Rs 949-907.40 per kilogram range in this week on the MCX. Nickel prices are likely to trade Rs 935-880 per kilogram range next week.

  In the past five trading sessions on the MCX, zinc for February delivery traded between Rs 134.85-131.45 per kilogram range and expected to trade in between Rs 136-131 per kilograms rang next week.

  

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Metal/Weekly: Gold may fall easing euro-zone worries, weak demand

 Metal/Weekly: Gold may fall easing euro-zone worries, weak demand

  

   MUMBAI, FEB 14 : Gold may extend fall next week on easing worries in euro-zone and on weak demand for the gold in the global market, said analysts.

  "Gold may fall as easing worries in euro-zone and Russia dents safe have appeal of the metal and on weak consumption demand," said Gajanan Bolewar an analyst with Fortune Commodities & Derivatives.

  Bullion prices will fall as investors hoped that debt ridden Greece will reach a compromise with Europe creditors and as an uptick in retail inflation weighed on risk appetite.

  Thursday, Greece agreed to talk to its creditors to reach a compromise with international lenders.

  Prime Minister Alexis Tsipras, attending his first European Union summit, agreed with the chairman of euro zone finance ministers, Jeroen Dijsselbloem, that Greek officials would meet representatives of the European Commission, the European Central Bank and the IMF on Friday.

  The shift by Tsipras marked an initial step towards resolving a crisis that has raised the risk of Greece being forced out of the euro, which could trigger financial contagion.

  Earlier this week, reports suggested that there was no deal yet between the euro-zone finance ministers over the Greece debt situation and the Greek government officials instated there could be no extension of the bailout.

  Price of the bullion will also be under pressure on after Russian President Valdimir Putin,yesterday, said that a cease-fire starting on Feb 15, with each side pulling back heavy weapons from east Ukraine region.

  Ukrainian Foreign Minister Pavlo Klimkin also said that the deal had been reached after 17 hours of talks in the Belarus capital of Minsk.

  Prices of the bullion will also be under pressure on fear that United States Federal Reserve may hike interest rate sooner than expectation, said analysts.

  Fed member John Williams suggested that economic conditions are getting closer and closer to those where it makes sense to really start thinking seriously about starting this process of normalization.

  Prices of the yellow metal will also be under pressure on fear that demand side remains weak as the World Gold council said that global gold demand fell in 2014 to a five year low.

  Global gold demand dropped 4% to 3,924 tons in the 12 months ended December on weak demand from China amid lower purchase of bars and coin.

   Bars and coins demand dropped to 1,063.6 tons compared to 1,765.4 tons a year go.

  China's full-year purchase of gold fell 33% on year to 813.6 tons, it still represents the second best year for jewellery demand in China since records began in 1995.

   "Chinese gold demand returned to those last seen in 2011/2012 as consumers and investors took time to digest the substantial volumes accumulated in 2013," said Grubb.   

   Gold for April contract traded in Rs 26,990-26,508 per 10 grams range in this week.

   Resistance for February gold prices is seen at Rs 27,400 per 10 grams level and price may get support at Rs 25,700 per 10 grams level in this week.

  Silver may also fall this week taking cue from prices of the gold, analysts said.

  In the last five trading sessions, silver for March delivery traded in Rs 37,964-37,050 per kilogram range.

   Resistance for March silver prices seen at Rs 36,700 per 10 grams level and price may get support at Rs 39,000 per 10 grams level in this week.

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Coffee Crops In Brazil May Reach At 47.28 Million Bags in 2015/16-Terra Forte

Coffee Crops In Brazil May Reach At 47.28 Million Bags in 2015/16-Terra Forte

According to Coffee Exporters Terra Forte, Brail is expected to harvest more coffee crops at 47.28 million 60-kg bags of coffee in the 2015/16 against 46.78 million bags in 2014/15 attributed higher Arabica coffee crops estimates which may touch the level of 32.05 million bags as compared to 29.3 million bags in 2014/15. While, Robusta crops forecast is placed lower at nnbsp;15.2 million bags against 17.4 million bags in last year. nnbsp;

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Cotton Physical Market in Hanumangarh Trading with Strong Sentiment

Cotton Physical Market in Hanumangarh Trading with Strong Sentiment

At Hanumangarh market , B.T Cotton Narma is trading high at Rs. 4020-4030 Maund, up by 0.5 per cent as compared to previous day. Traders reported arrivals at 2000 quintal, unchanged as compared to previous dayn#39;s arrival. B.T Cotton Narma at Rawatsar market is offered strong at Rs. 3980 Maund, up by 0.76 per cent as against previous day. Estimated market supply was at 100 quintal, up by 40 quintal as compared to previous day. Cotton in Hanumangarh Market (Prices in Rs. Maund) Market Commodity/Variety Price Change Absolute Hanumangarh B.T Cotton Narma 4020-4030 +20 Rawatsar B.T Cotton Narma 3980 +30 nnbsp; Note: The above mentioned prices are in Rs. Maund and arrivals are in quintal.

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Haryana: Bt Cotton Trading Lower in Physical Market

Haryana: Bt Cotton Trading Lower in Physical Market

At Bhiwani market in Haryana, B.T Cotton Narma is trading lower at Rs. 4100 quintal, down by 0.36 per cent from previous trading day. Traders reported arrivals at 1500 quintal, higher by 700 quintal as compared to previous day. B.T Cotton at Adampur market is offered at Rs. 4050 quintal, steady against previous close. Estimated market supply was at 510 quintal, unchanged as compared to previous dayn#39;s arrival. B.T Cotton at Fatehabad market is quoted high at Rs. 4075-4080 quintal, higher by 0.49 per cent from previous dayn#39;s price level. Total market arrivals are at 1000 quintal, steady as against previous dayn#39;s arrival. B.T Cotton at Jind market is offered strong at Rs. 4150 quintal, higher by 1.47 per cent from previous dayn#39;s price level. Estimated market supply was at 510 quintal, up by 170 quintal from previous dayn#39;s arrivals. B.T Cotton at Dabwali market is trading at Rs. 3950 quintal, steady against previous close. Arrivals were reported at 300 quintal, lower by 300 quintal from previous trading day. B.T Cotton at Uchana market is quoted strong at Rs. 4086 quintal, higher by 0.37 per cent from previous trading day. Estimated market supply was at 1500 quintal, steady as against previous dayn#39;s arrival. Bt Cotton in Haryana Market (Prices in Rs. quintal) Market Commodity/Variety Price Change Absolute Bhiwani B.T Cotton Narma 4100 -15 Adampur B.T Cotton 4050 0 Fatehabad B.T Cotton 4075-4080 +20 Jind B.T Cotton 4150 +60 Dabwali B.T Cotton 3950 0 Uchana B.T Cotton 4086 +15 nnbsp;

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Steady Sentiment Witnessed in Sirsa J-34 Cotton Physical Market

Steady Sentiment Witnessed in Sirsa J-34 Cotton Physical Market

At Sirsa market , J-34 Cotton(New Crop) is trading at Rs. 3240 Maund, steady as against previous close. Total arrivals are at 1020 quintal, lower by 170 quintal as against previous day. J-34 Cotton in Sirsa Market (Prices in Rs. Maund) Market Commodity/Variety Price Change Absolute Sirsa J-34 Cotton(New Crop) 3240 0 Note: The above mentioned prices are in Rs. Maund and arrivals are in quintal.

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Cotton Physical Market in Amravati Trading with Strong Sentiment

Cotton Physical Market in Amravati Trading with Strong Sentiment

At Amravati market , Cotton (New Crop) Vunni Mech-(1) is trading firm at Rs. 3500-3850 per quintal, higher by 0.26 per cent from previous trading day. Arrivals were reported at 9500 Quintal, lower by 2200 Quintal from previous trading day. Cotton in Amravati Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Amravati Cotton (New Crop) Vunni Mech-(1) 3500-3850 +10 Note: The above mentioned prices are in Rs. per quintal and arrivals are in Quintal.

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Bt Cotton Trading Lower in Punjab Physical Market

Bt Cotton Trading Lower in Punjab Physical Market

At Muktsar market , Cotton BT Cotton is trading firm at Rs. 4170-4180 per Maund, higher by 1.95 per cent from previous trading day. Total arrivals are at 340 quintal, steady as against previous dayn#39;s arrival. BT Cotton New Crop(Narma) at Fazlika market is offered lower at Rs. 4130 per Maund, lower by 2.82 per cent as against previous day. Arrivals were reported at 300 quintal, unchanged as compared to previous dayn#39;s arrival. Bt Cotton in Punjab Market (Prices in Rs. per Maund) Market Commodity/Variety Price Change Absolute Muktsar Cotton BT Cotton 4170-4180 +80 Fazlika BT Cotton New Crop(Narma) 4130 -120 Note: The above mentioned prices are in Rs. per Maund and arrivals are in quintal

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J-34 Cotton Physical Market Trading with a Firm

J-34 Cotton Physical Market Trading with a Firm

At Abohor market , Cotton J-34(New Crop) is trading high at Rs. 3320 per Maund, higher by 0.45 per cent from previous trading day. Arrivals were reported at 680 Qtl, steady as against previous dayn#39;s arrival. Cotton J-34(New Crop) at Muktsar market is offered strong at Rs. 3310 per Maund, up by 0.15 per cent as compared to previous day. Cotton J-34 at Bhatinda market is quoted strong at Rs. 3315-3325 per Maund, up by 0.45 per cent from previous day. Estimated market supply was at 21250 Qtl, down by 850 Qtl from previous dayn#39;s arrivals. Cotton J-34 at Mansa market is offered strong at Rs. 3300-3305 per Maund, up by 0.15 per cent as compared to previous day. Arrivals were reported at 1105 Qtl, lower by 85 Qtl from previous dayn#39;s arrivals. J-34 Cotton in Punjab Market (Prices in Rs. per Maund) Market Commodity/Variety Price Change Absolute Abohor Cotton J-34(New Crop) 3320 +15 Muktsar Cotton J-34(New Crop) 3310 +5 Bhatinda Cotton J-34 3315-3325 +15 Mansa Cotton J-34 3300-3305 +5 nnbsp;

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Sri Ganganagar Cotton Physical Market Trading with a Strong

Sri Ganganagar Cotton Physical Market Trading with a Strong

At Sri Ganganagar market , Cotton J-34 is trading high at Rs. 3027 Maund, up by 0.63 per cent as against previous day. Total arrivals are at 1700 quintal, unchanged as compared to previous dayn#39;s arrival. Cotton in Sri Ganganagar Market (Prices in Rs. Maund) Market Commodity/Variety Price Change Absolute Sri Ganganagar Cotton J-34 3027 +19 Note: The above mentioned prices are in Rs. Maund and arrivals are in quintal

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Cotton Closed Steady in Uttar Pradesh Physical Market

Cotton Closed Steady in Uttar Pradesh Physical Market

At Hathras market , Cotton J-34 ended at Rs. 3300-3500 per quintal, unchanged as compared to previous close. Cotton BT ended at Rs. 2500-3200 per quintal, steady against previous close. unchanged as compared to previous dayn#39;s arrival. Cotton in Uttar Pradesh Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Hathras Cotton J-34 3300-3500 0 Hathras Cotton BT 2500-3200 0 Note: The above mentioned prices are in Rs. per quintal and arrivals are in quintal.

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Gujarat Castor Seed Physical Market Trading with a Firm

Gujarat Castor Seed Physical Market Trading with a Firm

At Rajkot market , Castor Seed Loose price is trading firm at Rs. 3500-3675 per quintal, higher by 0.27 per cent as against previous day. Traders reported arrivals at 325 per quintal, up by 55 per quintal from previous dayn#39;s arrivals. Castor Seed Loose price at Patan market is quoted weak at Rs. 3575-3760 per quintal, down by 1.44 per cent as compared to previous day. Estimated market supply was at 2031 per quintal, higher by 1331 per quintal as against previous day. Castor Seed Loose price at Deesa market is offered weak at Rs. 3700-3750 per quintal, lower by 1.32 per cent from previous dayn#39;s price level. Todayn#39;s arrivals are at 1152 per quintal, up by 25 per quintal as compared to previous day. Castor Seed Loose price at Mehsana market is trading lower at Rs. 3725 per quintal, down by 1.97 per cent as compared to previous day. Total market supply was at 160 per quintal, steady as against previous dayn#39;s arrival. Castor Seed Loose price at Kadi market is quoted firm at Rs. 3725-3775 per quintal, higher by 1.07 per cent as compared to previous day. Estimated market supply was at 1972 per quintal, down by 280 per quintal from previous trading day. Castor Seed in Gujarat Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Rajkot Castor Seed Loose price 3500-3675 +10 Patan Castor Seed Loose price 3575-3760 -55 Deesa Castor Seed Loose price 3700-3750 -50 Mehsana Castor Seed Loose price 3725 -75 Kadi Castor Seed Loose price 3725-3775 +40 nnbsp;

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Castor Seed in Rajasthan Physical Market Trading Weak

Castor Seed in Rajasthan Physical Market Trading Weak

At Sumerpur market , Castor Seed Loose price is trading lower at Rs. 3575 per quintal, lower by 0.69 per cent as against previous day. Traders reported arrivals at 800 per quintal, higher by 160 per quintal from previous dayn#39;s arrivals. Castor Seed Loose price at Jodhpur market is offered weak at Rs. 3600 per quintal, down by 0.69 per cent from previous price level. unchanged as compared to previous dayn#39;s arrival. Castor Seed in Rajasthan Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Sumerpur Castor Seed Loose price 3575 -25 Jodhpur Castor Seed Loose price 3600 -25 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in per quintal.

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Guar Physical Market Trading with a Weak in Bikaner

Guar Physical Market Trading with a Weak in Bikaner

At Bikaner market , Guar Seed Loose is trading lower at Rs. 3650 per quintal, lower by 1.35 per cent as against previous day. Estimated market supply was at 500 Quintal, steady as against previous dayn#39;s arrival. Guar Seed All Paid is offered lower at Rs. 3800 per quintal, down by 1.3 per cent against previous trading day. Guar Seed Loose at Khajuwala market is quoted at Rs. 3600 per quintal, steady as against previous close. Estimated market supply was at 500 Quintal, down by 200 Quintal from previous trading day. Guar Seed All Paid at Khajuwala market is offered at Rs. 3744 per quintal, unchanged as compared to previous close. Guar Seed Loose at Nokha market is trading lower at Rs. 3650 per quintal, lower by 1.35 per cent from previous trading day. Arrivals were reported at 50 Quintal, steady as against previous dayn#39;s arrival. Guar Seed All Paid at Nokha market is quoted lower at Rs. 3781 per quintal, lower by 1.36 per cent from previous trading day. Guar in Bikaner Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bikaner Guar Seed Loose 3650 -50 Bikaner Guar Seed All Paid 3800 -50 Khajuwala Guar Seed Loose 3600 0 Khajuwala Guar Seed All Paid 3744 0 Nokha Guar Seed Loose 3650 -50 Nokha Guar Seed All Paid 3781 -52 nnbsp;

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Guar in Dabra Physical Market Trading Weak

Guar in Dabra Physical Market Trading Weak

At Dabra market , Guar Seed is trading lower at 2500-3200 per quintal, down by 1.54 per cent as against previous day. Estimated market supply was at 400 quintals, up by 100 quintals as compared to previous day. Guar in Dabra Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Dabra Guar Seed 2500-3200 -50 nnbsp; Note: The above mentioned prices are in per quintal and arrivals are in quintals.

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Haryana Guar Physical Market Trading with Weak Sentiment

Haryana Guar Physical Market Trading with Weak Sentiment

At Dhabwali market , Guar Seed Loose price is trading lower at Rs. 3500 per quintal, lower by 0.71 per cent from previous trading day. Traders reported arrivals at 100 Bags, steady as against previous dayn#39;s arrival. Guar Seed All Paid is offered lower at Rs. 3700 per quintal, lower by 0.67 per cent from previous price level. Guar Gum at Dhabwali market is quoted weak at Rs. 9000 per quintal, lower by 2.17 per cent from previous dayn#39;s price level. Guar Seed Loose price at Siwani market is offered weak at Rs. 3650 per quintal, lower by 1.35 per cent against previous day. Arrivals were reported at 200 Bags, lower by 200 Bags from previous dayn#39;s arrivals. nnbsp; Guar in Haryana Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Dhabwali Guar Seed Loose price 3500 -25 Dhabwali Guar Seed All Paid 3700 -25 Dhabwali Guar Gum 9000 -200 Siwani Guar Seed Loose price 3650 -50 nnbsp;

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Gujarat Guar Physical Market Trading with a Weak

Gujarat Guar Physical Market Trading with a Weak

At Deesa market in Gujarat, Guar Seed Loose price is trading lower at 3585-3705 per quintal, down by 0.67 per cent as against previous day. Arrivals were reported at 54 quintals, lower by 34 quintals from previous dayn#39;s arrivals. Guar Seed Loose price at Patan market is offered high at 0 3500-3850 per quintal, up by 0.26 per cent as compared to previous day. Total arrivals are at 140 quintals, lower by 73 quintals from previous trading day. Guar Seed Loose price at Rajkot market is quoted lower at 0 3450-3705 per quintal, down by 1.07 per cent from previous dayn#39;s price level. Estimated market supply was at 110 quintals, up by 29 quintals from previous dayn#39;s arrivals. Guar in Gujarat Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Deesa Guar Seed Loose price 3585-3705 -25 Patan Guar Seed Loose price 3500-3850 +10 Rajkot Guar Seed Loose price 3450-3705 -40 nnbsp;

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Cotton Physical Market in Gujarat Trading with Weak Sentiment

Cotton Physical Market in Gujarat Trading with Weak Sentiment

At Ahmedabad(Ghanta Karan Market) market in Gujarat, Cotton Shankar is trading weak at Rs. 3900-4050 per quintal, down by 1.82 per cent as against previous day. Traders reported arrivals at 85000 quintal, higher by 17000 quintal from previous trading day. Cotton BT COTTON at Mahesana (Kadi) market is quoted strong at Rs. 4000-4250 per quintal, up by 1.19 per cent from previous day. Total market arrivals are at 20000 quintal, down by 5000 quintal from previous trading day. Cotton BT COTTON at Rajkot market is offered lower at Rs. 3750-4000 per quintal, lower by 0.25 per cent as compared to previous day. Estimated market supply was at 2100 quintal, lower by 600 quintal as against previous day. Cotton BT COTTON at Patan market is trading lower at Rs. 3750-4075 per quintal, lower by 0.37 per cent as compared to previous day. Total arrivals are at 7625 quintal, down by 91 quintal as against previous day. Cotton BT COTTON at Deesa market is quoted at Rs. 3950 per quintal, steady as against previous close. Estimated market supply was at 1500 quintal, up by 650 quintal from previous trading day. Cotton in Gujarat Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Ahmedabad(Ghanta Karan Market) Cotton Shankar 3900-4050 -75 Mahesana (Kadi) Cotton BT COTTON 4000-4250 +50 Rajkot Cotton BT COTTON 3750-4000 -10 Patan Cotton BT COTTON 3750-4075 -15 Deesa Cotton BT COTTON 3950 0 nnbsp;

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