Capital stroke NCDEX Update : MUSTARD SEED 30 MAY 2014

Mustard Seed prices closed lower by 0.53 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for June 2014 contract closed at Rs. 3,396 per quintal, down by 0.53 per cent, after opening at Rs. 3,414 against the previous closing price of Rs. 3,141


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Capital stroke NCDEX Update : CHANA 30 MAY 2014

Chana prices closed lower by 0.07 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for June 2014 contract closed at Rs. 2,823 per quintal, down by 0.07 per cent, after opening at Rs. 2,829 against the previous closing price of Rs. 2,825.


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Capital stroke NCDEX Update : BARLEY 30 MAY 2014

Barley prices closed lower by 0.31 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors booked profits at the higher on account of the weak physical markets and also due to the fall in the demand from beer and cattle-feed makers. At the NCDEX, barley futures for June 2014 contract closed at Rs. 1,302 per quintal, down by 0.31 per cent, after opening at Rs. 1,311 against the previous closing price of Rs. 1,306.


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Capital stroke NCDEX Update : JEERA 30 MAY 2014

Jeera prices closed higher by 0.14 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for June 2014 contract closed at Rs. 10,990 per quintal, up by 0.14 per cent, after opening at Rs. 11,025 against the previous closing price of Rs. 10,975.


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Capital stroke NCDEX Update : MAIZE 30 MAY 2014

Maize prices closed higher by 0.54 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At the NCDEX, maize futures for June 2014 contract closed at Rs. 1,110 per quintal, up by 0.54 per cent, after opening at Rs. 1,105 against the previous closing price of Rs. 1,104.


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Capital stroke NCDEX Update : CRUDE PALM OIL 30 MAY 2014

CPO trading range for the day is 512.4-522.4.
Crude palm oil prices seen under pressure with rising supplies and sluggish demand putting pressure on the market.
Malaysia crude palm oil output in Malaysia rose to 1.56 million tons in April compared to 1.49 million tons in March.
Market participants were also cautious and stayed on the sidelines awaiting more leads on export demand and production.


Crude palm oil prices in spot market dropped by 2.40 and settled at 524.40 rupees



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Capital stroke NCDEX Update : REF SOYA OIL 30 MAY 2014

Ref.Soya oil trading range for the day is 676-688.
Ref soyoil ended with gains on fear of delay in soybean sowing in the India after reports of weak southwest rainfall.
Reports of Govt thinking of measures to control Food Inflation kept further pressure on the prices
In domestic market, low availability of good quality seeds for sowing too could support the market sentiments.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 688.5 rupees per 10 kgs.



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Capital stroke NCDEX Update : TURMERIC 30 MAY 2014

Turmeric trading range for the day is 5929-6305.
Turmeric prices ended with gains tracking firmness in spot demand on short covering and improved demand at lower levels.
Slack upcountry demand played spoilsport with turmeric sales for the third consecutive day in Erode markets with hardly one per cent of the total arrival.
Arrivals remain steady in spot market in Nizamabad and supplies are expected to increase in coming days.
In Nizamabad, a major spot market in AP, the price ended at 5827.25 rupees remains unchanged at0 rupees.
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Capital stroke NCDEX Update : SOYABEAN 30 MAY 2014

Soyabean trading range for the day is 4543-4695.
Soyabean ended with gains tracking firmness in spot demand on upbeat demand from China after filling showed US bean imports.
Private exporters reported soybeans export sales of 110,000 tons to China for delivery during the marketing year 2014-15.
NCDEX accredited warehouses soyabean stocks gained by 230 tonnes to 8782 tonnes.


At the Indore spot market in top producer MP, soybean gained 5 rupee to 4507 rupee per 100 kgs.



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Capital stroke NCDEX Update : MENTHA OIL 30 MAY 2014

Menthaoil trading range for the day is 804.2-837.6.
Menthaoil spot is at 890/-. Spot market is down by Rs. 18/-.
Mentha oil prices ended with losses amid subdued spot market demand.
Ample stocks position following increased arrivals from Chandousi in Uttar Pradesh too added pressure on mentha prices.


The total sowing acreage of mentha oil is expected to decline by 20-25% in the current year



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Capital stroke NCDEX Update : CRUDE PALM OIL 29 MAY 2014

CPO trading range for the day is 510.6-529.8.Crude palm oil ended with gains driven by increased demand in spot markets.However, concerns that export demand will not be strong enough to check rising stockpiles, capped some gains.Cargo surveyor data reported that exports of Malaysian palm oil products between May 1-25 rose 13-14 percent from a month earlier.Crude palm oil prices in spot market gained by 0.70 and settled at 526.80 rupees.



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Capital stroke NCDEX Update : RMSEED 29 MAY 2014

Rmseed trading range for the day is 3376-3464.Mustard seed dropped on estimates of higher production of the oilseed in the key growing area across India.India 2013-14 rapeseed-mustard production may to 7.6 tons, up 11% on year, data release from the SEA of India showed.NCDEX accredited warehouses mustard seed stocks dropped by 110 tonnes to 84110 tonnes.In the Alwar spot market in Rajasthan the price dropped -12.85 rupee to 3494.



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Capital stroke NCDEX Update :POTATO 29 MAY 2014

Potato prices rose by 0.53 per cent on Thursday at the Multi Commodity Exchange (MCX) as a result of a rise in the demand in the market in the midst of restricted arrivals from the major producing regions in UP, Punjab, MP and West Bengal. Potato futures for May 2014 contract, at MCX, were trading at Rs 1,282 per 100 kg, up by 0.53 per cent after opening at Rs. 1,282 against the previous closing price of Rs. 1,275.20.
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Capital stroke NCDEX Update : Castor seed 29 MAY 2014

Castorseed prices fell by 0.89 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for June 2014 contract was trading at Rs. 3,774 per quintal tonnes, down by 0.89 per cent, after opening at Rs. 3,791 against the previous closing price of Rs. 3,808. 
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Capital stroke NCDEX Update : CHANA 28 MAY 2014

Chana prices closed lower by 2.11 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for June 2014 contract closed at Rs. 2,790 per quintal, down by 2.11 per cent, after opening at Rs. 2,844 against the previous closing price of Rs. 2,850.

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Capital stroke NCDEX Update : MAIZE 28 MAY 2014

Maize prices ended lower by 0.54 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. At the NCDEX, maize futures for June 2014 contract closed at Rs. 1,110 per quintal, down by 0.54 per cent, after opening at Rs. 1,112 against the previous closing price of Rs. 1,116.

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Capital stroke NCDEX Update : JEERA 28 MAY 2014

Jeera prices closed higher by 0.73 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for June 2014 contract closed at Rs. 11,055 per quintal, up by 0.73 per cent, after opening at Rs. 11,005 against the previous closing price of Rs. 10,975.

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Capital stroke NCDEX Update : BARLEY 28 MAY 2014

Barley prices closed higher by 0.08 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of strong demand from beer and cattle-feed making industries against restricted supply in physical markets. At the NCDEX, barley futures for June 2014 contract closed at Rs. 1,308 per quintal, up by 0.08 per cent, after opening at Rs. 1,311 against the previous closing price of Rs. 1,307.

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Capital stroke NCDEX Update : RMSEED 28 MAY 2014

Rmseed trading range for the day is 3400-3476.Mustard seed ended with gains tracking firmness in spot demand amid lower demand for mustard oil.Rapeseed including toria crop is estimated at 8% higher to 7.3 million tons in 2013-14 season from 6.8 million tons of last year.NCDEX accredited warehouses mustard seed stocks dropped by 61 tonnes to 84220 tonnes.In the Alwar spot market in Rajasthan the price remains unchanged at0 rupee to 3507 rupees per 20kgs.

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Capital stroke NCDEX Update : CRUDE PALM OIL 28 MAY 2014

CPO trading range for the day is 515.4-527.8.CPO settled down on higher Malaysian palm oil stockpiles and higher domestic supplies.Palm oil inventories in Malaysia climbed to 1.77 million tons in April compared to 1.68 million tons a month ago, the MPOB data showedOutput advanced 4 percent to 1.56 million tons and exports climbed 1.2 percent to 1.26 million tons, MPOB data showed.Crude palm oil prices in spot market gained by 0.80 and settled at 525.90 rupees.

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Capital stroke NCDEX Update : REF SOYA OIL 28 MAY 2014

Ref.Soya oil trading range for the day is 673-687.Ref.Soya oil settled down on poor buying support at higher prices amid weak spot demand.However, India Meteorological Department’s forecast of below normal rains and firm cues from the international market, capped some losses.In domestic market, low availability of good quality seeds for sowing limited the downside.At the Indore spot market in Madhya Pradesh, soyoil was steady at 693.5 rupees per 10 kgs.

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Capital stroke NCDEX Update : TURMERIC 28 MAY 2014

Turmeric trading range for the day is 5929-6273.Turmeric prices dropped as mounting stocks, and weak demand from local and overseas buyers weighed on sentiment.Low demand for poor quality stocks, lack of North India and Export demand, and better Monsoon progress reports kept trend weak.Spot turmeric prices and sales declined in Erode markets on the back of poor quality arrivals and sluggish buying.In Nizamabad, a major spot market in AP, the price ended at 5827.25 rupees dropped -111.4 rupees.

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Capital stroke NCDEX Update : SOYABEAN 28 MAY 2014

Soyabean trading range for the day is 4468-4608.Soyabean ended with losses on subdued demand for from oil refineries and plants amid expectations of higher sowing in United States.Also, buyers are cautious amid fear of tough steps on inflation by the new government.Demand for soymeal is weak and hence buying interest for bean from oil crushers is subdued.At the Indore spot market in top producer MP, soybean dropped -95 rupee to 4509 rupee per 100 kgs.

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Capital stroke NCDEX Update : MENTHA OIL 28 MAY 2014

Menthaoil trading range for the day is 810.4-853.4.Menthaoil spot is at 905/-. Spot market is down by Rs. 15/-.Mentha oil dropped as expectations of higher output from the major producing belts weighed on prices.Mentha oil Production this year expected higher at more than 60000 tons versus 50000 tons last year due to higher demand.In Sambhal estimated market supply was at 30 Drums, down by 20 Drums as against previous day.

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Capital stroke NCDEX Update :POTATO 28 MAY 2014

Potato prices fell by 0.87 per cent on Wednesday at the Multi Commodity Exchange (MCX) as a result of easy availability in the physical markets following fresh arrivals from producing regions in UP, Punjab, MP and West Bengal. Potato futures for June 2014 contract, at MCX, were trading at Rs 1,272.10 per 100 kg, down by 0.87 per cent after opening at Rs. 1,280.80 against the previous closing price of Rs. 1,283.20.

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Capital stroke NCDEX Update : CARDAMOM 28 MAY 2014

Cardamom prices rose by 0.24 per cent on Wednesday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. At MCX, Cardamom futures for June 2014 contract were trading at Rs 963.50 per kg, up by 0.20 per cent, after opening at Rs. 960 against the previous closing price of Rs. 961.20

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Capital stroke NCDEX Update : MAIZE 27 MAY 2014

Maize prices closed higher by 0.09 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At the NCDEX, maize futures for June 2014 contract closed at Rs. 1,117 per quintal, up by 0.09 per cent, after opening at Rs. 1,127 against the previous closing price of Rs. 1,116

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Capital stroke NCDEX Update : CRUDE PALM OIL 27 MAY 2014

CPO trading range for the day is 515.8-531.
Crude palm oil dropped tracking weakness in spot demand and global cues on higher Malaysia palm oil supplies.
Ample palm oil inventories in Malaysia will keep the crude palm oil under pressure.
Palm oil inventories in Malaysia climbed to 1.77 million tons in April compared to 1.68 million tons a month ago.


Crude palm oil prices in spot market dropped by 7.60 and settled at 525.10 rupees.

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Capital stroke NCDEX Update : REF SOYA OIL 27 MAY 2014

Ref.Soya oil trading range for the day is 675-689.
Ref Soyaoil ended with losses as pressure seen on profit booking after prices seen supported last week on dwindling supplies.
India's vegetable oils import rose by 27% to 8.32 lakh tonne in April this year.
Vegetable oils import stood at 6.54 lakh tonne in the same month of the previous year, it said in a statement.

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Capital stroke NCDEX Update : TURMERIC 27 MAY 2014

Turmeric trading range for the day is 6091-6383.
Turmeric prices dropped due to subdued demand against adequate supplies from producing belts.
Moreover, adequate stocks position in the physical market and slack upcountry orders also weighed on the prices.
Spot turmeric prices declined at Erode on the back of medium quality arrivals and sluggish North Indian demand.
In Nizamabad, a major spot market in AP, the price ended at 5938.65 rupees dropped -89.9 rupees.

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Capital stroke NCDEX Update : SOYABEAN 27 MAY 2014

Soyabean trading range for the day is 4436-4776.
Soyabean ended with losses on muted demand for the bean from domestic oil refineries and plants amid profit taking at higher levels.
Demand for soymeal is weak and hence buying interest for bean by oil crushers is subdued.
NCDEX accredited warehouses soyabean stocks dropped by 1595 tonnes to 8991 tonnes.


At the Indore spot market in top producer MP, soybean dropped -72 rupee to 4604 rupee per 100 kgs.

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Capital stroke NCDEX Update : MENTHA OIL 27 MAY 2014

Menthaoil trading range for the day is 819.1-856.9.
Menthaoil spot is at 920/-. Spot market remains unchanged.
Mentha oil settled flat as absence of strong demand continued to keep pressure on the market sentiments and higher stocks too weighed.
Further, expectations of higher output from the major producing belts too added pressure on mentha oil prices.
In Barabanki arrivals reported at 90 Drums (1-drum-180kg), lower by 10 Drums (1-drum-180kg) as against previous day.

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Capital stroke NCDEX Update : BARLEY 27 MAY 2014

Barley prices closed lower by 0.38 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors booked profits at the higher on account of the weak physical markets and also due to the fall in the demand from beer and cattle-feed makers. At the NCDEX, barley futures for June 2014 contract closed at Rs. 1,305.5 per quintal, down by 0.38 per cent, after opening at Rs. 1,314 against the previous closing price of Rs. 1,310.5.

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Capital stroke NCDEX Update : JEERA 27 MAY 2014

Jeera prices closed lower by 1.61 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for June 2014 contract closed at Rs. 10,995 per quintal, down by 0.61 per cent, after opening at Rs. 11,125 against the previous closing price of Rs. 11,175.

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Capital stroke NCDEX Update : MUSTARD SEED 27 MAY 2014

Mustard Seed prices closed lower by 1.15 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for June 2014 contract closed at Rs. 3,428 per quintal, down by 1.15 per cent, after opening at Rs. 3,494 against the previous closing price of Rs. 3,468.

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Capital stroke NCDEX Update : CHANA 27 MAY 2014

Chana prices closed lower by 1.55 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for June 2014 contract closed at Rs. 2,849 per quintal, down by 1.55 per cent, after opening at Rs. 2,808 against the previous closing price of Rs. 2,894.

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Capital stroke NCDEX Update : RMSEED 23 MAY 2014

Rmseed trading range for the day is 3422-3506.
Mustard seed ended with gains on receding supplies in domestic market.
India's total mustard seed crop in 2013-14 is estimated at 74.40 lakh tonnes against 67 lakh tonnes of last year.
NCDEX accredited warehouses mustard seed stocks gained by 40 tonnes to 85211 tonnes.
In the Alwar spot market in Rajasthan the price gained 6.45 rupee to 3532.75 rupees per 20kgs.

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Capital stroke NCDEX Update : SOYABEAN 23 MAY 2014

Soyabean trading range for the day is 4490-4756.
Soyabean ended with gains on expectations of increase in demand in the spot market.
Prices were supported by the tightest U.S. soybean stocks in a decade and persistent demand from both exporters and domestic processors.
NCDEX accredited warehouses soyabean stocks dropped by 509 tonnes to 13114 tonnes.


At the Indore spot market in top producer MP, soybean gained 34 rupee to 4657 rupee per 100 kgs.
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Capital stroke NCDEX Update : MENTHA OIL 23 MAY 2014

Menthaoil trading range for the day is 830.7-854.7.
Menthaoil spot is at 940/-. Spot market is down by Rs.5/-.
Mentha oil ended with gains amid rising domestic demand against tight supplies from the major producing belts.
However, expectations of higher output from the major producing belts, capped some gains in mentha oil prices to some extent.
Technically market is under short covering as market has witnessed drop in open interest by -4.69% to settled at 2583
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Capital stroke NCDEX Update : MAIZE 23 MAY 2014

Maize trading range for the day is 1110-1156.
Maize settled up tracking firm spot demand after prices dropped on the heels of fresh supplies in Bihar mandi
As per market sources, fresh supplies of new crop in the major mandies of Bihar have prompted strong selling in local mandies.
For the marketing year October-September 2013-14, maize exports are expected to fall 26 per cent
NCDEX accredited warehouses maize stocks dropped by 982 tonnes to 16733 tonnes.
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Capital stroke NCDEX Update : CRUDE PALM OIL 23 MAY 2014

CPO trading range for the day is 531-542.6.
Crude palm oil seen supported driven by strong demand in spot markets against tight supplies from the major producing belts.
Malaysia palm oil exports jumped 18.5% to 856,128 tons in May 1-20 compared to 722,170 tons for the same period a month ago.
Malaysia crude palm oil output in Malaysia rose to 1.56 million tons in April compared to 1.49 million tons in March, the report showed. 
Crude palm oil prices in spot market gained by 1.00 and settled at 533.60 rupees.
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Capital stroke NCDEX Update : REF SOYA OIL 23 MAY 2014

Ref.Soya oil trading range for the day is 682-702.
Ref soyoil ended with gains tracking firmness in spot demand and upbeat global cues on improved China demand.
The oilseed prices may also be supported on lower stockpiles of the bean in United States and dwindling supplies in the local mandis.
The global supplies are on the rise coupled with good sowing progress reports in US will keep the upward movement restricted.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 710.8 rupees per 10 kgs.

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Capital stroke NCDEX Update : JEERA 23 MAY 2014

Jeera trading range for the day is 10895-11295.
Jeera prices ended with gains on the back of strong demand in the spot market.
The total sowing acreage of Jeera in Gujarat has been increased by 1.05 lakh hectares from the last year to reach 4.54 lakh hectares.
NCDEX accredited warehouses jeera stocks dropped by 135 tonnes to 2411 tonnes.
In Unjha, a key spot market in Gujarat, jeera edged down by -57.3 rupees to end at 11124.7 rupee per 100 kg.


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Capital stroke NCDEX Update : TURMERIC 23 MAY 2014

Turmeric trading range for the day is 6357-6565.
Turmeric ended with gains on the back of buying by retailers and stockists amid paucity of stocks.
Moreover, a decline in supplies from producing regions and rising export demand in the spot market also supported the prices.
The sources added that the total availability of turmeric have been reported at 50-55 lakh bags in major mandies.
In Nizamabad, a major spot market in AP, the price ended at 6033.35 rupees gained 1.55 rupees.

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Capital stroke NCDEX Update : CHANA 23 MAY 2014

Chana trading range for the day is 2857-2995.
Chana gained tracking rising demand in the spot market, though higher sowing of summer pulses capped some gains.
Prices have been supported on worries regarding kharif crops.
NCDEX accredited warehouses chana stocks gained by 1560 tonnes to 109066 tonnes.


In Delhi spot market, chana dropped by -11.55 rupee to end at 2915 rupee per 100 kgs.
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Capital stroke NCDEX Update : CHANA 22 MAY 2014

Chana futures are expected to trade on a negative note. Higher sowing of summer pulses coupled with rising stocks on the exchange warehouses and higher output in 2013-14 may mount downside pressure on the prices. However, extended procurement by NAFED in Maharashtra coupled with expectations of a pickup in demand from the millers and lower pulses target for 2014-15 on forecast of below normal monsoon by the IMD may support prices at lower levels.

Prices are trading below the MSP levels and, thus, no sharp downside may be seen from here.

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Capital stroke NCDEX Update : SOYABEAN 22 MAY 2014

The Ministry of Agriculture in its 3 nd Advance Estimates, projected 2013-14 soybean output at 11.9 mn tn as against 14.67 mn tn in 2012- 13. Soy meal exports in April’14 have declined to 89,883 tn, 59.73% down m-o-m and 9.62% lower y-o-y on poor demand and lower availability for crushing due to higher Indian quotes for foreign buyers. IMD’s has forecast of below normal rains which may impact the yield.

Soybean was in a bull rally since January on the back of supply crunch of this oilseed along with the bullish overseas markets. Concerns over below normal monsoon season, emergence of El-Nino and shortage of seeds for kharif 2014 sowing further fueled the already rising prices.

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Capital stroke NCDEX Update : MUSTRARD SEED 22 MAY 2014

Mustard seed futures traded on a negative note on Wednesday on arrival pressure and weak edible oilseeds and settled 1.46% lower. However, mustard meal export demand and a cut in the output estimates supported prices at lower levels.

Mustard meal export surged 132% to 125,872 tn in Apr ’14 compared to 54,077 tn in Apr ’13. Sowing of mustard seed in 2013-14 stood at 7.13 mn ha as against 6.73 mn ha last year. Agriculture ministry in its 3rd advance estimates pegged 2013-14 mustard output at 7.8mn tn, down 2.9% compared to 8.03 mn tn in 2012-13.
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Capital stroke NCDEX Update : REF SOYA OIL 22 MAY 2014

Refined soy oil June futures recovered from lower levels on positive CBOT Soy oil prices, lower availability due to lower crushing and a weak rupee and settled 0.14% higher. However, weak Malaysian palm oil capped sharp gains. CBOT Soy oil settled 1% higher tracking bullish soybean prices. Prices have decline earlier on higher supplies due to increased crushing for soy meal leading to a supply glut situation.

According to NOPA, Soy oil stocks increased to 2.058 bn lbs from 2.023 bn in March and forecast of 1.990 bn lbs. (Source: Reuters)
India meet 50-55 percent of its edible consumption through imports and thus rupee factor is a major determinant of edible oil prices.Soy oil futures may trade on a mixed to negative note today. Weak demand and higher imports may keep prices under check. However, tight supplies and positive overseas markets may support prices. Prices may also take cues from movement in the Rupee.


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Capital stroke NCDEX Update : CRUDE PALM OIL 22 MAY 2014

CPO Futures traded on a negative note on Wednesday taking cues from weak overseas palm oil markets. However, higher soy oil and a weak Rupee supported prices at lower levels and settled 0.2% lowerExports of Malaysian palm oil products between May 1-20 jumped 18.5% to 856,128 tonnes from 722,170 tonnes shipped between April 1-20. Malaysia has set the export tax for Palm oil for May at 5.5%, unchanged as against 5.5% in April. Malaysia has cut export tax for Palm oil for May to 12% as against 13.5% in April.
India's crude palm oil imports increased 87.24% in March to 438,122 tn from 233,987 tn last year.

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Capital stroke NCDEX Update : JEERA 22 MAY 2014

Jeera futures traded on a negative note on increased arrivals at higher prices and settled 2.18% lower. Prices have gained over the last couple of weeks on account of demand from stockists as well as domestic and overseas buyers. Supplies in the physical markets are comfortable on record output as well as huge carryover stocks, have capped sharp upside in the prices.
Area under jeera in Gujarat was reported at 455,000 ha as against 335,200 ha last year while about 390,000 ha were sown in Rajasthan.
Jeera futures may trade on a mixed note today. Comfortable supplies and higher arrivals may keep prices under check. Domestic as well as overseas demand may support prices at lower levels.

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