Malaysia's Crude Plam Oil exports to India rises 84.53%| MCX NCDEX Tips Today

India meets 70 per cent of edible oil demand in the country through imports. Malaysia's CPO exports to India reached 327,627 mt in March from 177,541 mt in February. 

The big palm oil refiners in India has recently found themselves in trouble as imported crude and refined palm oils from Malaysia and Indonesia are available at the same price in India. 

MCX Crude Palm Oil is trading at 555.3 with 4.6 percent loss. SELL @560, Target = 556.5.

Agri Commodities Market Update Today : 30 March

Turmeric April futures traded on a slipped on Tuesday (5.00pm) at India's National Commodity & Derivatives Exchange (NCDEX). NCDEX Turmeric trading range for the day is 8170-8622. Market sources however expect further fall to be limited as summer season North Indian demand and export demand are expected to pick up in coming weeks. 

Buy Turmeric @8350, SL-8150,TGT- 1 / TGT- 2-8550/ 8880 

Chana futures traded on a Negative note decreased demand on Tuesday (5.00PM). Chana May l contract lost -0.36% to 4467 levels. NCDEX Chana trading range for the day is 4385-4583. But an overall fall in Pulses production reports could also keep overall sentiments firm for the commodity. 

BUY Chana @4430,SL-4380,TGT- 1 / TGT- 2-4480/ 4540 

The NCDEX Soyabean April futures slipped by -1.77% in the last trading to close at 3994 level till Tuesday closing. Ref.Soya oil trading range for the day is 636-648. NCDEX Soyabean trading range for the day is 3933-4119. NCDEX accredited warehouses soyabean stocks gained by 121 tonnes to 41132 tonnes. 

SELL Soyabean @4040, SL-4090, TGT- 1 / TGT- 2-3990/ 3940 

Buffer stock exceeded the target for the purchase of pulses

Government buffer stock for the purchase of 51 thousand tonnes of kharif pulses. The procurement target has been more than a thousand tons. The government has said that states can begin the purchase of Rabi pulses. 

These pulses like lentils and peas pulses come. Government buffer stocks to buy one million tonnes of pulses is targeting. On Monday, Inter- ministerial meeting was held on commodity prices and there availability.

 The meeting also reviewed the production of pulses, except tomato’s. According to the government , this time the tomato production to be higher than last year's by 11.6 percent. At the same meeting, with the help of a new breed of tomato's in tomato production in new areas were considered.

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Indian Agri Commodity Market may tarde Volatile | Free MCX NCDEX Tips

Short term high volatility is likely to continue with a slight negative bias for Indian agri commodities as traders wait for the demand to start rising over the next few weeks.

Sentiments are bearish for the Agri-commodities as strong demand is absent amidst high arrivals in mandis which suppressed the prices.

The initial uptrend in Spices too could not be sustained as prices fell across Oil complex, Pulses and Guar. NCDEX Turmeric and NCDEX Jeera did trade at strong support levels though. But lack of export demand is keeping pressure on prices.

Free MCX NCDEX Tips :

BUY ALUMINIUM AT CMP-104.80 103.50 TGT 107

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Brent crude below $ 30, Copper 6.5 -year lows | Commodity tips By Experts

Due to increase in US crude reserves, the decline in prices is recorded in CrudeOil. Brant Crude has lost nearly 1.0 percent during the trading. 

since April 2004 the Brent crude have been came down by $30. MCX crude oil rose 0.5 percent, while nearly Rs 2,060 is reached. 

MCX Copper estimated at low rates Since 6.5 Years:

Reduction in demand from the projected price of copper on the London Metal Exchange is at its lowest level in the last 6.5 years . 

The zinc and nickel , about 1 to 2 percent in heavy decline. MCX Aluminium with a gain of 0.75 per cent trading at Rs 98.9, lead gained 0.5 percent and the price reached Rs 109.25. 

Rise in MCX GOLD : 

Price on MCX Gold at Domestic Market is raised at trading at 25,895.00 with gains of 160.00, (+0.62%). MCX Silver is at 34,108.00 with loss of -63.00 (-0.18%).

Commodity tips By Experts:

BUY Intraday COPPER - FEB (MCX) @ 295.10, Target: 300.00, Stop-loss: 292.80

Buy MCX Feb Gold between 25530 – 25560, SL – 25400, Target – 25800 / 25900 

Indian Agri Commodity Market witnessed weak trends | NCDEX Commodity Tips

Indian Agri Commodity Tips Have been noted at weak trends. Lack of strong demand on the export front amidst low trading activities on the domestic front kept trend slight weak for most Agri commodities oN Monday even as traders apprehend demand to pick up in coming weeks as International markets start opening.

Only NCDEX chana traded firm as moderate domestic demand was noted after the recent huge fall in prices.Concerns over economic crisis in China too kept sentiments weak for the Agri markets.  

NCDEX Commodity Tips :

Sell Soybean January in between 3693-94 Stoploss 3707 Target 3678

BUY CRUDE OIL JAN @ 2474 SL BELOW 2435 TGT 2508-2545

 

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