Thursday, September 28, 2017

Agri Commodity NCDEX Soyabean, Turmeric, Cardamom Live Updates

Soyabean :- Soybean futures are expected to trade on weaker note as prices may track cues from increasing arrival volume at major trading centres. Beside, expanding harvesting activities amid tumbling global prices may impact market sentiments negatively. However, demand is likely to improve due to ongoing festive season which may arrest the major losses.

Turmeric :- Trend remained weak for Turmeric with prices unable to hold onto the higher levels as traders waited for dips before initiating fresh demand in the mandi. . However in coming weeks, demand is expected to pick up at current rates that are quite low. Approaching festivals and rise in export demand from the Gulf countries will be supportive in near term. Latest reports from Erode in Tamil Nadu indicate a drastic fall in sowing in those regions due to a drought like situation this year.

Cardamom :- Cardamom futures are expected to trade in range bound levels for the day. Recent rainfall in Idukki district has been supportive for the crop that may weigh down the cardamom futures prices. Further, buying at the spot market has slow downed a bit due to higher prices and this may weigh the cardamom futures prices down. However, fall is expected to be limited on overall bullishness in the market. Expectations of good export demand for the Indian cardamom due to new crop as compared to old crop of Guatemala may support prices to trade higher.


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