Ncdex Live News

Technically Ref. Soya Oil market is under long liquidation as market has witnessed drop in open interest by 10.75% to settled at 17190 while prices down 9.4 rupees. Now NCDEX Ref. Soya Oil is getting support at 878 and below same could see a test of 873 levels, and resistance is now likely to be Read More

The National Commodity and Derivatives Exchange(NCDEX) on Tuesday said it will relaunch futures contract of natural whitish sesame seeds (til) on Wednesday. The til futures contract would be made available for trading from August 26, with Unjha (Gujarat) as the basis centre and Rajkot (Gujarat) as the additional delivery centre, adding one more product to Read More

Technically Jeera market is under long liquidation as market has witnessed drop in open interest by 1.5% to settled at 1965 while prices down 80 rupees. Now NCDEX Jeera is getting support at 14340 and below same could see a test of 14285 levels, and resistance is now likely to be seen at 14470, a Read More

Technically Mustard Seed market is under long liquidation as market has witnessed drop in open interest by 7.08% to settled at 23630 while prices down 66 rupees. Now NCDEX Mustard Seed is getting support at 5127 and below same could see a test of 5091 levels, and resistance is now likely to be seen at Read More

Technically Chana market is under fresh buying as market has witnessed gain in open interest by 2.24% to settled at 63530 while prices up 33 rupees. Now NCDEX Chana is getting support at 4352 and below same could see a test of 4301 levels, and resistance is now likely to be seen at 4437, a Read More

The past week was marked by some intermittent profit booking at higher levels for the agri sector. The main reason was improved monsoon, reports from the critical kharif crop growing areas of North-West India. As mentioned in my posts over last 3 months, rains will be critical in determining the short to long term trend Read More

Technically Chana market is under fresh selling as market has witnessed gain in open interest by 1.18% to settled at 60630 while prices down 17 rupees. Now NCDEX Chana is getting support at 4336 and below same could see a test of 4313 levels, and resistance is now likely to be seen at 4385, a Read More

excessive rain leading to floods and deficient in other parts– in some areas is leading to apprehensions of crop damage in some parts of the country. Demand on the domestic front ahead of the festival season, and a gradual rise in exports (aided by a firm dollar) can support prices this week, as most agri-counters Read More

The recent dips in Agri markets was mainly due to improved rains in North-West and Central India last week. However, the downtrend seems temporary as the festive season demand and pick up in exports are expected to support prices this week. Overall, the sentiment remains firm for the Agri markets with an expected recovery in Read More

NCDEX Soybean future had majorly traded mixed during the current month of July and August so far, owing to positive monsoon season, and higher sowing in Madhya Pradesh and Maharashtra. Moreover, there have also been reports of higher sowing in the United States by 5-10 percent and currently, the crop is blooming at 85 percent, Read More

Technically Mustard Seed market is under fresh selling as market has witnessed gain in open interest by 1.71% to settled at 31490 while prices down 46 rupees. Now NCDEX Mustard Seed is getting support at 4991 and below same could see a test of 4950 levels, and resistance is now likely to be seen at Read More

Technically Turmeric market is under fresh selling as market has witnessed gain in open interest by 2.28% to settled at 7620 while prices down 66 rupees. Now NCDEX Turmeric is getting support at 5710 and below same could see a test of 5640 levels, and resistance is now likely to be seen at 5874, a Read More

Coriander prices rose 1.64 percent to Rs 6,692 per quintal on the National Commodity and Derivatives Exchange (NCDEX) on August 10 as traders widened their bets tracking the spot market. Coriander September futures, which had seen significant profit booking in the last week of July, recouped most of the losses during last week and rose Read More

Technically Jeera market is under long liquidation as market has witnessed drop in open interest by 3.42% to settled at 1440 while prices remain unchanged 0 rupees. Now NCDEX Jeera is getting support at 14020 and below same could see a test of 13985 levels, and resistance is now likely to be seen at 14100, Read More

India’s soybean production is set to jump by at least 15% in 2020 from a year earlier as farmers are increasing the oilseed’s acreage due to timely arrival of monsoon rains and as New Delhi raised the minimum buying price. Increased production of India’s main summer-sown oilseed could help the world’s biggest vegetable oil importer Read More

Today, the price of the finger and root variety turmeric were improved. At the Erode Turmeric Merchants Association sales yard the finger turmeric was sold at ₹5,555-6,513 a quintal, the root variety at ₹4,699-5,706 a quintal. At the Regulated Marketing Committee the finger turmeric was sold at ₹5,500-6614 a quintal, root variety at ₹4,900-5,814 a quintal. At the Erode Read More

Agri markets traded higher despite some profit booking during the middle of the week. Erratic monsoon in most parts of India is creating apprehensions of crop damage. Excess rains in many parts of South, North-East and Central India, along with floods in parts of Gujarat are keeping sentiment firm for agri commodity prices. Again low Read More

The National Commodity and Derivatives Exchange (NCDEX) on Toay said it will launch the ‘Options in Goods’ contracts on rapeseed, wheat and maize from July 27. The contracts of the three commodities, expiring in October and November 2020, would be available for trading from July 27 onwards, the exchange said in a statement. NCDEX has Read More

Cumin Seed, commonly known as ‘Jeera’ in India, is a Rabi Spice sown/grown in the winter season during the months of October to December. The major states constitute Rajasthan and Gujarat, with the usual new crop harvesting period taking place from February to April every year. Sowing of Jeera depends on the winter weather conditions Read More

Currently Chana in the physical market is trading way below its Minimum Support Price (MSP) mainly over high supply, an improvement in imports and larger buffer stocks with the government. National Agricultural Co-operative Marketing Federation of India (NAFED) currently  has a stock of about 13 lakh tonne of Chana procured last year. For Rabi crops this Read More