Mustard in Physical Market Trading Unchanged in Hapur

At Hapur market , Mustard Seed is trading at Rs. 4500-4525 per 10kg, unchanged as compared to previous close. Mustard in Hapur Market (Prices in Rs. per 10kg) Market Commodity/Variety Price Change Absolute Hapur Mustard Seed 4500-4525 0 nnbsp; Note: The above mentioned prices are in Rs. per 10kg and arrivals are in .

New Delhi Pulses Opened Steady in Physical Market

At New Delhi market , Chana Rajasthan started at Rs. 4650-4700 per quintal, steady as against previous close. Traders reported arrivals at 30 Motars, steady as against previous dayn#39;s arrival. Chana Madhya Pradesh started strong at Rs. 4650-4675 per quintal, higher by 0.54 per cent as against previous day. Total arrivals are at 30 Motars, unchanged as compared to previous dayn#39;s arrival. Chana Dal at New Delhi market began weak at Rs. 5275-5400 per quintal, lower by 0.92 per cent from previous dayn#39;s price level. nnbsp; Pulses in New Delhi Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute New Delhi Chana Rajasthan 4650-4700 0 New Delhi Chana Madhya Pradesh 4650-4675 +25 New Delhi Chana Dal 5275-5400 -50 nnbsp;

At Jagraon market in Ludhiana, Moong Desi is trading at 4000-5500 per quintal, unchanged as compared to previous close. Estimated market supply was at 3000 quintals, steady as against previous dayn#39;s arrival. nnbsp; Pulses in Ludhiana Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Jagraon Moong Desi 4000-5500 0 Note: The above mentioned prices are in per quintal and arrivals are in quintals.

At Jagraon market in Ludhiana, Moong Desi is trading at 4000-5500 per quintal, unchanged as compared to previous close. Estimated market supply was at 3000 quintals, steady as against previous dayn#39;s arrival. nnbsp; Pulses in Ludhiana Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Jagraon Moong Desi 4000-5500 0 Note: The above mentioned prices are in per quintal and arrivals are in quintals.

Gujarat: Wheat Trading Weak in Physical Market

At Rajkot market in Gujarat, Wheat Loose is trading lower at Rs. 1425 per quintal, lower by 0.7 per cent from previous trading day. Estimated market supply was at 1200 quintal, up by 300 quintal as compared to previous day. Wheat Mill Delivery is offered at Rs. 1535 per quintal, unchanged against previous close. Wheat Lokwan at Rajkot market is quoted lower at Rs. 1500-1750 per quintal, down by 2.78 per cent as compared to previous day. Wheat Farmi Tukdi at Rajkot market is offered at Rs. 1500-2000 per quintal, unchanged as compared to previous close. Wheat Mill Delivery at Ahmedabad market is trading strong at Rs. 1600 per quintal, higher by 0.63 per cent from previous trading day. Wheat Mill Delivery at Surat market is quoted lower at Rs. 1630 per quintal, down by 0.31 per cent as against previous day. Wheat in Gujarat Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Rajkot Wheat Loose 1425 -10 Rajkot Wheat Mill Delivery 1535 0 Rajkot Wheat Lokwan 1500-1750 -50 Rajkot Wheat Farmi Tukdi 1500-2000 0 Ahmedabad Wheat Mill Delivery 1600 +10 Surat Wheat Mill Delivery 1630 -5 nnbsp;

Mentha Oil Physical Market Strong in Chandausi

At Chandausi market , Mentha Oil is trading firm at Rs. 980 per Kg, higher by 0.51 per cent as compared to previous day. Mentha DMO is offered strong at Rs. 880 per Kg, higher by 2.33 per cent from previous price level. Mentha Flakes at Chandausi market is quoted firm at Rs. 1075 per Kg, higher by 2.87 per cent from previous dayn#39;s price level. Mentha Crystal at Chandausi market is offered strong at Rs. 1115 per Kg, higher by 3.72 per cent against previous day. nnbsp; Mentha Oil in Chandausi Market (Prices in Rs. per Kg) Market Commodity/Variety Price Change Absolute Chandausi Mentha Oil 980 +5 Chandausi Mentha DMO 880 +20 Chandausi Mentha Flakes 1075 +30 Chandausi Mentha Crystal 1115 +40 nnbsp;

Mehsana : Jeera(Cumin Seed) Trading Steady in Physical Market

At Unjha market in Mehsana , Jeera(Cumin Seed) Loose is trading at Rs. 15000 per quintal, unchanged as compared to previous close. Total arrivals are at 500 quintals, higher by 500 quintals from previous dayn#39;s arrivals. Jeera(Cumin Seed) NCDEX is offered at Rs. 15500 per quintal, steady against previous close. Jeera(Cumin Seed) Machine Cut at Unjha market is quoted at Rs. 17000 per quintal, steady as against previous close. Jeera(Cumin Seed) in Mehsana Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Unjha Jeera(Cumin Seed) Loose 15000 0 Unjha Jeera(Cumin Seed) NCDEX 15500 0 Unjha Jeera(Cumin Seed) Machine Cut 17000 0 nnbsp;

Weak Sentiment Witnessed in Bikaner Pulses Physical Market

At Bikaner market , Chana Desi opened lower at Rs. 4450 per quintal, down by 1.11 per cent as compared to previous day. Chana Dal started the day at Rs. 5250 per quintal, steady against previous close. Urad Split Dal at Bikaner market opened weak at Rs. 9100 per quintal, down by 1.09 per cent from previous dayn#39;s price level. Moong Split Dal at Bikaner market began at Rs. 8100 per quintal, unchanged as compared to previous close. nnbsp; Pulses in Bikaner Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bikaner Chana Desi 4450 -50 Bikaner Chana Dal 5250 0 Bikaner Urad Split Dal 9100 -100 Bikaner Moong Split Dal 8100 0 nnbsp;

Steady Sentiment Witnessed in Khargone Red Chilli Physical Market

At Bedia market in Khargone, Red Chilli No. 12 is trading at Rs. 11800 per quintal, steady as against previous close. Red Chilli Indu 2070 is offered at Rs. 12000 per quintal, unchanged against previous close. Red Chilli MICO (Teja) at Bedia market is quoted at Rs. 12300 per quintal, unchanged as compared to previous close. Red Chilli in Khargone Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bedia Red Chilli No. 12 11800 0 Bedia Red Chilli Indu 2070 12000 0 Bedia Red Chilli MICO (Teja) 12300 0 nnbsp;

SUGAR WEEKLY: May trade flat on weak demand, strong global cues

Sugar futures on the National Commodity and Derivatives Exchange are likely to trade flat next week after subdued demand for the sweetener from bulk consumers and as investors may cover short positions at lower levels, analysts said.

  "Subdued demand for the sweetener in domestic market will pressurise the prices of sugar," said Ravi Shankar Pandey, research analyst with Karvy Comtrade.

  Domestic demand for the sweetener has fallen as monsoon, which usually brings cold weather, has started in many areas, traders said.

  Also, total sugar supply is expected to touch 38.4 million tons in 2015-16 after accounting for 10.4 million tons of carry-over stock, from the current season, according to estimates released by Indian Sugar Mills Association (ISMA).

  Meanwhile, consumption on the other hand is seen at 25.2 million tons, leaving a huge surplus of 13.2 million tons in the new season.

  However, sharp fall in sugar prices may cushioned on strong international factors, analysts said.

  "Brazil sugar output is weak which is pushing global prices," Ajay Kumar Kedia, research analyst with Kedia Commodities.

  Sugar mills in Brazil's center-south region crushed much less cane in the first half of July compared with a year earlier because of heavy rains over cane-growing areas, according to sugar-industry group Unica.

  Mills in the region crushed 29.3 million tons of cane in the first half of this month, a decline of 29% from the same period a year earlier, according to Unica.

   Global sugar production plummeted 43.5% to 1.4 million tons in the same period, and ethanol output dropped 23.5% to 1.4 billion litres.

  Meanwhile, mounting arrears and surplus stocks of sugar forced sugar mills to sale their produce at depressed prices which accelerate the exportable supply due to lower price.

  Total cane arrear has dropped a bit due to aggressive sale by domestic mills but total arrear still stood at 181.12 billion till mid June, as per government officials.

  Moreover, the government plans to export 4 million tons of sugar during (Oct-Sep) 2015-16 season to support the domestic prices and help miller to pay arrears, government officials said.

  The government may link the incentives with fair and remunerative price of cane and market price of sugar and try to cover the gap by a subsidy mechanism.

  Raw sugar October contract on the Intercontinental Exchange (ICE) rose 0.53% to 11.31 cents per pound for the week ended Jul 31.

  White sugar October contract on the London International Financial Futures and Optional Exchange (LIFFE) jumped 2.16% to $354.10 per ton for the week ended Jul 31.

  Sugar is expected to find support at Rs 2,150 per quintal and resistance at Rs 2,300 per quintal next week, analysts said.

  Sugar for October delivery traded in Rs 2,165-2,268 per quintal range in the past five trading session on the National Commodity & Derivatives Exchange.

 

Base Metal/weekly: Copper may fall on demand worries, strong dollar

Copper may extend fall for a seventh-straight trading week on global demand concerns and on expectation of strong dollar index in next week following Fed rate hike fear, said analysts.

  "Base metals will fall on global demand worries and expectation of strong dollar," said Kaynat Chianwala an analyst with Angel Commodities.

  Prices of the industrial metals will be down on demand concerns from Euro-zone, the world's third biggest metal consumer, following weaker than expected economic data of Germany, the biggest metal consumer in Euro-zone, said analysts.

  Germany retail sales in month of June slipped 2.3% compared to analysts' expectation of 0.3% and 0.4% growth a month ago while Germany consumer prices index in month of July eased 0.2% compared to consensus expectation of 0.3% and 0.3% in the same period a year ago, government data showed.

  Industrial metals will also be under pressure on subdued demand from US, the second biggest metal consumer, after pending home sales in month of June fell unexpectedly, said analysts.

  US pending home sales in month of June dropped 1.8% compared to analysts' expectation of 1% growth and 0.6% a month ago, government showed on Wednesday.

  "Market continues to remain under pressure amid demand worries from top consumer China and gains in US dollar," said Priyanka Jhaveri an analyst with Kotak Commodities.

  Growing expectation of rate hike by US is lifting US Dollar higher, said analysts.

  Next week, dollar index, which measures the strength of greenback against its six major trading partners, expected to stay in the range of 98-98.5.

  Upbeat jobs data triggered fear that the Federal Reserve will be in course of raising interest rate in September.

  United States jobless claims came at 267,000 for the week ended Jul 24 compared to analysts' estimate of 270,000 and 255,000 a week ago, a government data showed.

  While, US gross domestic product annualized at 2.3% in second quarter compared to upward revision of 0.6% a quarter ago, a government data showed.

  On Thursday, the Federal Reserve reiterated its resolve to hike rates later this year as the economy was poised for expansion and labour market was expected to improve further.

   The central bank said it was seeing "solid" job gains and maintained its view that economic activity was expanding "moderately", with the risks to the outlook "nearly balanced".

  "Growth in household spending has been moderate and the housing sector has shown additional improvement; however, business fixed investment and net exports stayed soft. The labour market continued to improve, with solid job gains and declining unemployment," FOMC statement said.

  The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen some further improvement in the labour market and is reasonably confident that inflation will move back to its 2% objective over the medium term.

  Prices of base metals will also be under pressure after a private survey showed manufacturing activity contracted by the most in 15 months in July indicating weakening economic condition in Asia's biggest economy.

  The flash Caixin/Markit China manufacturing PMI came at 48.2, lowest reading since Apr 2014 compared to analysts' estimate of 49.7 and 49.4 a month ago.

  It is the fifth straight month reading below 50. Any reading above 50 signals expansion, while a reading under 50 shows contraction.

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

  Copper for August delivery traded in Rs 334.15-343.95 per kilograms range this week and are likely to find support at Rs 326-331 per kilograms next week. The metal prices may find resistance at Rs 350-360per kilograms next week, said Mihir Kansara a technical analyst with Phillip Commodities.

  For the past five trading sessions aluminium for August delivery traded in Rs 103.85-106.20 range on the Multi Commodity Exchange.

  Resistance for August aluminium prices is seen at Rs 107-110 per kilograms level and price may get support at Rs 102-99.50 per kilograms level in next week, said Kansara.

  Nickel for August delivery traded in Rs 705.10-732.30 per kilogram range in last week on the MCX.

  Resistance for August nickel prices is seen at Rs 735-770 per kilograms level and price may get support at Rs 680-655 per kilograms level in next week, said Kansara.

  Lead for August delivery traded in Rs 109.35-111.90 per kilogram range in last week on the MCX.

  Resistance for August lead prices is seen at Rs 112-115 per kilograms level and price may get support at Rs 108-105.50 per kilograms level in next week. Kansara said.

  In the past five trading sessions on the MCX, zinc for August delivery traded between Rs 124-127.80 per kilogram range.

   Resistance for August zinc prices is seen at Rs 128-132 per kilograms level and price may get support at Rs 122-119 per kilograms level in next week