DAILY REPORT 16
th
FEBRUARY 2017
NCDEX
RECOMMENDATIONS DHANIYA
BUY CORIANDER APRABOVE 6725 TARGET 6740 6800 6870 SL BELOW 6695 SELL CORIANDER APRBELOW 6610 TARGET 6595 6535 6465 SL ABOVE 6640
NCDEX INDICES Index
Value
% Change
CORIANDER COTTON SEED GUAR SEED JEERA MAIZE MUSTARDSEED SOYA BEAN SUGAR M GRADE
6687 2220 3259 17010 1412 3810 2968 3865
+1.01 +1.00 +2.23 +0.50 +0.36 +0.82 0.00 +0.39
TURMERIC
6992
+2.16
WHEAT
1820
+1.00
Palm oil imports fell for the third consecutive month by 11.56 per cent to 608,762 tonnes in January, on account of good domestic oilseeds production and better availability of edible oils, industry body Solvent Extractors Association (SEA) said on Wednesday. India, the world’s leading vegetable oil buyer, had imported 688,393 tonnes palm oil in January 2015. The country’s total vegetable oil imports fell by 19 per cent to 1.24 million tonnes (mt) in January this year from 1.26 mt in the year-ago period.
GUARGUM Bargain buying was seen in mustard seed on the account of weak arrivals in local mandies coupled with strong crushing demand. The sources stated that arrivals of around 1.40 1.45 lakh bags have been reported in major producing states . These were almost 30 percent lower than last year. Moreover, strong crushing demand due to hefty buying by mustard meal exporters has also supported the prices. As per the latest data compiled by Solvent Extractors' Association of India, the export of mustard oil meal during January 2017 has jumped 11 percent to report at 2,261 tons compared to 1,990 tons. The NCDEX April prices increased by 0.79 percent to close at Rs 3779 per quintal.
BUY GUARGUM5 20MARABOVE 6740 TARGET 6770 6830 6880 SL BELOW 6690
UK wheat exports tumbled in December. The official data showed that UK December wheat exports came in at 93,425 tonnes, the lowest level seen in December since the 201314 season. This was down 45% from November, and down 63% year-on-year. Elevated prices have had an impact. UK wheat prices at the start of December stood at £140 a tonne, up some 20% on year.
SELL GUARGUM5 20MARBELOW 6550 TARGET 6520 6460 6410 SL ABOVE 6600 YOUR MINTVISORY
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