NCDEX COMMODITY MARKET WEEKLY REPORT
NCDEX Commodity Market is one the main key area of trading commodities where Agri commodities are transact with Share market. NCDEX market commodity prices are about to steady in this week and trading session are not acquire not much loss and not much profit.
The Economic Times Said “Agri-Business, one of the main key for sustainable economic growth”
FIBER TREND
In Cotton Commodity, this commodity goes steady with slight positive bias in the domestic market or in the Indian market with good demand by mills and low arrivals in northern region. This NCDEX Cotton commodity is remained firm in domestic market as the supply was restricted and declined due to rain in some parts of north India.
For solving the problem in cotton, the Cotton Crop Assessment Committee (CCAC) meeting is scheduled in the first week of November, on production estimates while Pakistan Cotton Ginners' Association dispelled the allegations on the recently reconstituted Pakistan Central Cotton Committee that it would manipulate cotton date according to its own wish which can lead to a biased and unauthentic data.
Today Cotton J-34 and BT are trading are showing positivity and grown up 20.00 and 25.00 points respectively and their prices are 3420 at Abohar(PB) and 3885 at Rajkot(GJ).
SPICES TRENDS
In the Spices Commodities, Red Chilli and Turmeric prices traded stable in the major spot market on limited Demand across India while Black Peeper and Jeera prices are looked downward in the Major Spot market due to absence of fresh Demand in this week, in domestic market.
Due to halt in the Cardamom auctions, the Kerala Government had to pay 20 million rupees as tax in the last three weeks and spice Board also lost user fee in this week.
After some time Turmeric, Red Chilli and Jeera prices looked steady in somewhere in the domestic market but Cardamom prices are not changed as auction activity.
Today Red Chilli and Turmeric have neither any Growth and nor any loss at now while Jeera and Black Pepper showed slowdown today.
OIL AND SEEDS TRENDS
Firstly Soya Oil Seeds prices were down marginally in Major Spot market then after soya was traded mixed due to thin trading activities in the market’s major spots across India and Mustard seeds traded as mixed firstly in the commodity spot market exchanges and then it quoted up in the market.
The U.S. Department of Agriculture (USDA reported a sale of 110,150 tons of U.S. soybeans to an unknown destination) on Tuesday. Traders said the sale likely was made to China, the world's biggest buyer of soybeans.
