Return to: Finance News

Epic Research Daily Agri Commodity Report Of 12 September 2017



Commodity News

Turmeric futures edged lower on NCDEX on fall in demand at the spot market. Moreover, adequate stock position on increased supplies from the producing belts too fuelled the downtrend. The contract for September delivery was trading at Rs 7570.00, down by 0.97% or Rs 74.00 from its previous closing of Rs 7644.00. The open interest of the contract stood at 2115 lots. The contract for October delivery was trading at Rs 7634.00, down by 1.19% or Rs 92.00 from its previous closing of Rs 7726.00. The open interest of the contract stood at 11575 lots on NCDEX.

Jeera futures traded higher on NCDEX on account of increasing demand from retailers at the spot market. Further, tight stocks position following lower supply from the producing belts too fuelled the uptrend. The contract for September delivery was trading at Rs 19750.00, up by 0.18% or Rs 35.00 from its previous closing of Rs 19715.00. The open interest of the contract stood at 9183 lots. The contract for October delivery was trading at Rs 19340.00, up by 0.05% or Rs 10.00 from its previous closing of Rs 19330.00. The open interest of the contract stood at 8325 lots on NCDEX.

Coriander futures traded lower on NCDEX as participants trimmed their positions, tracking weak demand in the domestic spot market. Besides, rising supplies from major growing regions also weighed on coriander futures. The contract for September delivery was trading at Rs 4544.00,down by 0.92% or Rs 42.00 from its previous closing of Rs 4586.00. The open interest of the contract stood at 8450 lots. The contract for October delivery was trading at Rs 4880.00, down by 0.27% or Rs 13.00 from its previous closing of Rs 4893.00. The open interest of the contract stood at 38840 lots on NCDEX.

Economic News

India, Asia's third-largest producer and exporter of coffee, has started producing the world's most expensive coffee, made from the poop of civet cat, on a small scale in Coorg district of Karnataka. The Civet coffee, also called as Luwark coffee, is expensive because of uncommon method of producing such a coffee. It is produced from the coffee beans digested by civet cat. The feces of this cat are collected, processed and sold. It is highly priced because it is claimed to be more nutritious and high cost involved in sourcing the animal dropping, wastage during processing and quality certification. Civet coffee, a drink of elite consumed widely in the Gulf nations and Europe, is sold for Rs 20,000-25,000/kg abroad. India’s ability to predict the soHere in the country's largest coffee-growing Karnataka state, a start-up firm, Coorg Consolidated Commodities (CCC), has made a humble beginning of making the luxury coffee on a small scale and has also decided to open a cafe to serve the brew locally. "Initially, 20 kg of civet coffee was produced. After establishing the start-up firm, 60 kg was produced in 2015-16 and 200 kg last year.


West Bengal's agriculture department has decided to encourage farmers to cultivate extinct varieties of rice is drawing up plans to create a market for
them. The department is also helping farmers to adopt organic farming
methods. Agriculture department officials said that these indigenous varieties of rice, which are also known as folk rice, have properties which make them suitable for cultivating in particular regions and are also highly nutritious. For example, there is a variety which has become extinct but is now being revived that , grows well in the saline soil of the Sunderbans where the popular rice varieties mayfail to grow. The agriculture department is trying to revive forgotten varieties of aromatic rice like Radha Tilak, Kala Bhat, Dudheshwar, Hamai, Jhumpuri, Khara and Balam, to name a few with technical support from the state government’s agricultural training centre in Phulia in Nadia.


Trading Recommendations

SELL CORIANDER BELOW 4390 TARGET 4360 4320 4270 SL ABOVE 4440
SELL TURMERIC BELOW 7530 TARGET 7500 7460 7410 SL ABOVE 7580
SELL GUARGUM5 BELOW 8230 TARGET 8200 8160 8110 SL ABOVE 8280

Epic Research Limited is a supreme level financial advisory services provider firm .We have designed services for different investors as per their needs like mcx tips , equity tips, agri tips and many more to serve our clients. We offer regular services for investors with less capital and premium services for massive investors looking for higher returns on investments with bigger targets.
Want to take a FREE TRIAL? Visit our site link below and become a part of our Epic family. Happy trading.
http://www.epicresearch.co/
or
mail us @ info@epicresearch.co

Also you can Whatsapp us at :7049084664

Our Office:411 Milinda Manor, 2 RNT Road, Indore 4520 ...

News Release: Epic Research Daily Agri Commodity Report Of 12 September 2017
Submitted on: September 12, 2017 04:59:51 AM
Submitted by: EpicResearch
On behalf of: www.epicresearch.co/
advertisement