Commodity Trading Tips for Soyabean by Kedia Commodity

Commodity Trading Tips for Soyabean by Kedia Commodity

Soyabean on NCDEX settled up by 0.1% at 2879 tracking firmness in spot demand on lower arrivals in local mandis. Large South American production this season has stoked expectations of ample global supply, while US farmers are expected to sow larger amounts of the oilseed next season. The pressure on soyabean prices has deepened after the US Department of Agriculture (USDA) recently raised its global production forecast for the 2016-17 fiscal, driven by higher output estimate for Brazil. In India too, production is set to rise sharply, after two years of drought. Over the past year, soyabean has lost about 24 per cent, after peaking at Rs. 4,200/per quintal at the beginning of the year.

Commodity Trading Tips for Menthaoil by Kedia Commodity

Commodity Trading Tips for Menthaoil by Kedia Commodity

Mentha oil on MCX settled up by 0.53% at 983.5 on some buying after prices remained under pressure amid of reports that carryover stocks are huge against the current consumption level, while the stocks is also been sufficient. Short term outlook remain weak as first of all prices are trading below 1000 level mark while the huge carryover stock of mentha oil and also prices trading with weakness leading to a glut with synthetic mint oil garnering larger share of the market. Sentimental weakness will continious for mentha demand as the key consumption sector (Tobacco procusts)is witnesing slow down in demand.

Commodity Trading Tips for Cardamom by Kedia Commodity

Commodity Trading Tips for Cardamom by Kedia Commodity

Cardamom on MCX settled down by -0.71% at 1379.6 amid subdued physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions too fuelled the downtrend. Upcountry dealers as well as exporters were covering as it has become clear that no arrival of fresh cardamom will take place till the next season picking begins, by mid-June. This sentiment has prompted all stakeholders to become active in the market. Quality of the capsules arriving were not up to the mark and there was a shrinkage in supply. Arrivals last week stood at 295 tonnes as against 390 tonnes the previous week. The auction average moved up, vacillating between Rs. 1,192 and Rs. 1,280 a kg.

Commodity Trading Tips for Aluminium by Kedia Commodity

Commodity Trading Tips for Aluminium by Kedia Commodity

Aluminium on MCX settled up 0.76% at 126.05 buoyed by brighter data from the United States, and expectations of seasonally improving second-quarter demand. Sentiment was also boosted by secondary economic data in China that showed March activity was strong. The China Satellite Manufacturing Index rose to 51.8, its strongest level in five years, while a measure of sales manager activity also rose strongly. U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, indicating the economy was regaining momentum after faltering at the start of the year.

Commodity Trading Tips for Nickel by Kedia Commodity

Commodity Trading Tips for Nickel by Kedia Commodity

Nickel on MCX settled up 1.73% at 648.1 on short covering tracking LME prices gained by 2.3 percent after prices dropped amid receding worries about supply shortages. The Philippines said it would allow miners who had been ordered shut on environmental concerns to export stockpiled material. The permission is aimed at limiting the potential build up of silt in nearby waters, an official with knowledge of the order said, rather than the government toning down its campaign, according to the report. The volume of nickel ore stocks from the mines may well exceed 1 million tonnes, or about a month's worth of consumption by top buyer China, said the official, who declined to be named because he is not authorized to discuss the matter publicly.

Commodity Trading Tips for Maize by Kedia Commodity

Commodity Trading Tips for Maize by Kedia Commodity

Maize on NCDEX settled up by 0.36% at 1409 on short covering after prices dropped amid overseas prices on pressure from record South American supplies. Argentine corn should benefit this season from high yields brought by good weather, the Buenos Aires Grains Exchange said, adding that it may increase its harvest estimate above the current 54.8 million tonnes. The U. S. Department of Agriculture reported weekly export sales of old-crop U. S. corn at 1.255 million tonnes, above a range of trade expectations and the most in seven weeks. The U. S. Department of Agriculture reported export inspections of U. S. corn in the latest week at 1,547,022 tonnes, at the high end of a range of trade expectations. Private analytics firm Informa Economics raised its projection of U. S.

Commodity Trading Tips for Zinc by Kedia Commodity

Commodity Trading Tips for Zinc by Kedia Commodity

Zinc on MCX settled up 1.78% at 182.8 as prices regains to end with gains as some investors refocused on Trump's promised tax reforms and strong economic data. China's central bank said it would provide financial support to help manufacturers upgrade and modernize, including measures to increase the scope for insurance companies to invest in the manufacturing sector. The market focus is on New Orleans, warehouses' on-warrant stocks have dropped to 183,800 tonnes after a further 21,300 tonnes of cancellations or metal earmarked for delivery. On-warrant zinc stocks -- metal available to the market -- have fallen 42 percent this year to the lowest levels since November 2008.

Commodity Trading Tips for Copper by Kedia Commodity

Commodity Trading Tips for Copper by Kedia Commodity

Copper on MCX settled up 1.64% at 385.15 on U.S-led buying after data showed a surge in U.S. consumer confidence to a 16-year high. China's central bank said it would provide financial support to help manufacturers upgrade and modernize, including measures to increase the scope for insurance companies to invest in the manufacturing sector. Speculative long positions in copper were 6.6 percent of market open interest on Friday, down from a peak of 38 percent in mid-January. Workers are returning to work this week at the world's biggest copper mine in Chile after a strike that began on Feb. 9. Lost output from the strike and a long-drawn-out production restart at Escondida could amount to 230,000 tonnes, helping keep prices around $5,950 a tonne in the second quarter.

Commodity Trading Tips for Jeera by Kedia Commodity

Commodity Trading Tips for Jeera by Kedia Commodity

Jeera on NCDEX settled up by 3.98% at 17905 on rising domestic as well as exports demand at the spot market. Further, reports of lower production estimates in the producing belts of Gujarat too fuelled the uptrend. Reports showed that production of Jeera in Gujarat will be 2.21 lt, down almost 11% compared to last year production of 2.38 lt. Lower carryover stock coupled with higher export demand may push up jeera prices, as traders fear tight supply conditions in the coming months. The carryover stock has dipped to about 2 lakh bags (each of 55 kg) as against the normal 20-25 lakh bags, thereby reducing the availability even as the demand for exports and domestic consumption remains firm, trader sources said.

Commodity Trading Tips for Naturalgas by Kedia Commodity

Commodity Trading Tips for Naturalgas by Kedia Commodity

Naturalgas on MCX settled up 0.93% at 207 regaining strength as traders monitored shifting weather forecasts to assess the outlook for early-spring demand and supply levels. Weather systems will track across the country the next several days with rain, snow, and thunderstorms, but with limited cold air as they play out spring-like, according to forecasters at NatGasWeather.com. Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting forecasts on early-spring demand. The heating season from November through March is the peak demand period for U.S. gas consumption. Nearly 50% of all U.S. households use gas for heating.

Commodity Trading Tips for Turmeric by Kedia Commodity

Commodity Trading Tips for Turmeric by Kedia Commodity

Turmeric on NCDEX settled up by 2.94% at 6444 on rising exports demand at the spot market. On the export front, country exported about 82,115 tons during April-December period, up by 28% compared to last year exports of 64,105 tons. Though, some gains were capped as the turmeric arrivals in the country are higher at 115,205 tons during March 1-20 compared to 30,945 tons during previous month. Production in the ongoing season is expected to increase mainly on higher sowing area and favourable weather conditions in Maharashtra, Telangana and Andhra Pradesh etc. According to trade sources turmeric output is expected to be around 7.5-8 million bags. India's Apr-Sept turmeric export stood at 59,000 ton up 47% on year, according to Spices Board data. Demand for new turmeric increased.

Commodity Trading Tips for Crudeoil by Kedia Commodity

Commodity Trading Tips for Crudeoil by Kedia Commodity

Crudeoil on MCX settled up 1.77% at 3167 after a severe disruption to Libyan oil supplies supported a rebound in oil prices while comments from officials suggesting OPEC could extend its current deal beyond June lifted sentiment. Armed factions have blocked production at the western Libyan oilfields of Sharara and Wafa, reducing output by 252,000bpd, about a third , said a source at the National Oil Corp (NOC). NOC has declared force majeure on crude loadings from those oilfields. Meanwhile Hedge funds haven’t been so sceptical on rising WTI crude oil prices since 29 November, the day before the OPEC agreed to cut output, according to US CFTC data.

Commodity Trading Tips for Mustard Seed by Kedia Commodity

Commodity Trading Tips for Mustard Seed by Kedia Commodity

Mustard Seed on NCDEX settled up by 1.34% at 4008 on supply worries following reports of unfavourable weather. Fear of return of el-nino weather phenomena is firming up market sentiments. India is expected to produce around 6.5-7 million tonnes (mt) of rape mustard seeds in 2016-17 as compared to 5.8 mt produced in 2015-16 due to higher acreage and improving productivity. The carry-forward stock from the previous season was around 0.15 mt. The Ministry of Agriculture expects 8.5 mt of mustard seeds to be produced in the current rabi season against 6.8 mt a year ago, as per its 4th advanced estimates. Higher price levels seen before sowing, favourable weather and a hike of over 10.4 per cent in MSP to Rs. 3,700/Q (including Rs.

Commodity Trading Tips for Silver by Kedia Commodity

Commodity Trading Tips for Silver by Kedia Commodity

Silver on MCX settled up 0.63% at 42388 while prices are trading well above 42000 mark while sentiments turned lower after nearing the prior session's one-month high, as the U.S. dollar, Treasury yields and stock markets extended gains. Bullion was higher earlier on support from U.S. political and economic uncertainty and expectations of a lower dollar. Global stock markets were mostly firmer Tuesday, on corrective bounces from recent selling pressure. Traders and investors are debating whether the recent downside pressure in stock markets is the end of the “Trump rally” that had been in place since the U.S. president was elected in November. Or, are the recent slides in stock indexes just normal corrective pullbacks in bull markets that still have more room to run?

Commodity Trading Tips for Crude Palm Oil by Kedia Commodity

Commodity Trading Tips for Crude Palm Oil by Kedia Commodity

CPO on MCX settled up 0.34% at 537 on short covering recovered from the day's low as support seen after the update that Indonesia’s crude palm oil output likely dropped in February, extending the decline into a third straight month. CPO production in the world’s top producer of the widely used oil likely slipped to 2.80 million tonnes in February from 2.95 million tonnes in January, according to the median estimate in a survey of two industry associations and a state palm research firm. Meanwhile, exports of Indonesian CPO were estimated to have risen last month to 2.41 million tonnes from 2.21 million tonnes in January. Indonesian Palm Oil Association (GAPKI) data showed the country exported 2.72 million tonnes of palm oil and palm kernel oil in January.

Commodity Trading Tips for Gold by Kedia Commodity

Commodity Trading Tips for Gold by Kedia Commodity

Gold on MCX settled up 0.14% at 28848 while prices were virtually unchanged in yesterday's session stung by a slightly stronger dollar. While sentiments still remain strong for Bullion which has been supported by update from CPM Group which said, Gold bullion investment will rise for the fourth straight year in 2017 as global political and economic factors are forecast to maintain buying interest. CPM forecast gold bullion investment at 17.6 million ounces in 2017, up from 17.4 million ounces in 2016 and the highest since 2012 when it was 29.2 million ounces. The company pegged global gold coin demand at 7.5 million ounces in 2017, up from 7 million ounces in 2016 and the highest since 2013.

Commodity Trading Tips for Ref.Soya oil by Kedia Commodity

Commodity Trading Tips for Ref.Soya oil by Kedia Commodity

Ref. Soyaoil on NCDEX settled up by 0.84% at 652.85 on hope of higher demand in global market. Prices of oil were up on demand hope from the US following report that said that US president Donald Trump's administration will not change 2017 Renewable Fuel Standard (RFS) Biofuel quotas. The mandates are in place for 2017 to use more soybean oil to make biodiesel. Further, strong demand for on-going wedding season and festivals in domestic market were also supported soyoil prices. According to data released by the Solvent Extractors' Association of India (SEA), during Nov-Feb, the country had imported 4.68 mt of edible oil, down from 5.09 mt a year ago. The government has cut the base import price of soyoil by $9 per tonnes for second half of March.

FutureDial, Rocking Deals collaborate to enhance quality of used products in India

FutureDial, Rocking Deals collaborate to enhance quality of used products

New Delhi [India], Mar. 29 : FutureDial, a provider of device processing solutions partnered with Rocking Deals in order to examine and certify the quality of refurbished products that are being sold in the Indian market.

India is the second largest market for smart phones in the world and this is the main agenda behind FutureDial coming to India.

FutureDial provides solutions from the point of collection through the entire supply chain process including configuration and after sales. Their easy-to-use, automated solutions reduce the total number of operators involved, thus saving consumers time and money.

ShopClues,Droom to invest Rs. 20 Crore in start-ups by December 2017

ShopClues,Droom to invest Rs. 20 Crore in start-ups by December 2017

New Delhi [India], Mar. 29 : India's 'star serial entrepreneur' Sandeep Aggarwal announced plans of investing Rs. 20 Crore in up to 12 start-ups by the end of this year, in the areas of healthcare, tech and retail.

Aggarwal, who is the Founder of ShopClues and Droom, has already invested in seven start-ups across various industry verticals and is looking to further expand his investment portfolio by entering the data science app development arena as well.

Dekoruma, Wydr, Shopsity, Data Guise, Give Club, Duriana and Curo Healthcare have all received funding during the past few months. While Wydr, Shopsity and Curo Healthcare are Indian companies, the rest mostly belong to South East Asian markets and the Silicon Valley.

Revolutionary GST bill will ensure free movement of goods across the country: Jaitley

Revolutionary GST bill will ensure free movement of goods across the country

New Delhi [India], Mar 29 : Union Finance Minister Arun Jaitley on Wednesday called the Goods and Services Tax (GST) Bill revolutionary, saying it will benefit all with the free movement of goods across the country.

"We are keeping two standard rates of 12 percent and 18 percent and provided for a cess for five years to fund compensation," said Jaitley while announcing usage of a cess on luxury, sin goods for GST compensation.

"Aim of GST Council is to decide everything with consensus," said Jaitley.

" CGST Law shall apply to the whole of India except the State of Jammu and Kashmir," he said while mentioning that the GST Council met 12 times till date.

He further said that GST will ensure one single tax and will ensure free movement of goods across country.

Syndicate content