• posted by IMV |
  • 05/10/2018

Fundamental Aspect Jeera future prices traded higher due to some short covering activity noticed in the market. However, the market has seen some fresh buying in far month contract. Seasonally, the exports of Jeera dip during the 4th quarter of the calendar year. According to Commerce ministry data, exports in July surged 70.3% on year to 13,039 tons while for Apr-Jul period, exports were high by 76% at 88,885 tons compared to...

  • posted by IMV |
  • 05/9/2018

Fundamental Aspect: Chana future price settled the session  little higher mainly on bargain buying after it slumped to 7-week lows last week due to pressure from the supplies of Nafed auction. NAFED started auctioning chana from the 2017-18 rabi season in Gujarat, Karnataka, Uttar Pradesh, Telangana and Andhra Pradesh. It procured 27.4 lakh tn of chana in the current rabi season Last week, the government had lifted the...

  • posted by IMV |
  • 04/9/2018

Fundamental Aspect: CPO future prices traded higher due to weaker rupees and higher prices in Malaysian palm oil price but closed lower for the 2nd consecutive week on good inventories.  Prices getting support due to higher export duty and weaker rupees. The base import price of crude palm oil was cut for 6 successive times to $567 per ton from $573 per ton for the first fortnight of September. According to SEA...

  • posted by IMV |
  • 03/9/2018

Fundamental Aspect: Soybean future prices  witnessed some recovery from lower levels last week  due to some fresh buying by the market participants after it fell to 7 months’ low due to forecast of beneficial rains in central India which will enhance soybean production. According to the market source, the area under soybean in the country up 6% at 11.13 lakh ha as of last week compared to last year sowing, according to...

  • posted by IMV |
  • 03/9/2018

Fundamental Aspect: Soybean future prices  witnessed some recovery from lower levels last week  due to some fresh buying by the market participants after it fell to 7 months’ low due to forecast of beneficial rains in central India which will enhance soybean production. According to the market source, the area under soybean in the country up 6% at 11.13 lakh ha as of last week compared to last year sowing, according to...

  • posted by IMV |
  • 31/8/2018

Fundamental Aspect: Government lift ban from import of split peas (Mutter) with immediate effect Chana futures fall sharply and now trade near 7-week low as government agencies are selling procured chana in the physical market. NAFED will sell chana from the 2017-18 rabi season in Gujarat, Karnataka, Uttar Pradesh, Telangana and Andhra Pradesh from Today. NAFED procured 27.4 lakh tn of chana in the current rabi season....

  • posted by IMV |
  • 30/8/2018

Fundamental Aspect: Government lift ban from import of split peas (Mutter) with immediate effect Chana Sep futures price settled the session lower due to profit booking at higher levels. Earlier, chana prices surged during July as government has extended the imports ban for dry peas for three more months that’s has been removed with an immediate effect now. There are reports that government approved a proposal to sell pulses...

  • posted by IMV |
  • 29/8/2018

Panic continues in Chana as we are holding short from 4250 mark Now what to expect??? Below 4000..... panic remain continues and chances are bright for downside move till 3850---3780 and then to 3600 mark in days to come Hurdle and revise stop loss above 4150 on closing basis Soyabean Below 3300.... panic continues. We clearly indicated to sell Now what to expect??? Weekly close below 3150 will...

  • posted by IMV |
  • 27/8/2018

Fundamental Aspect: Chana Sep futures price settled the session lower due to profit booking at higher levels. Earlier, chana prices surged during July as government has extended the imports ban for dry peas for three more months. It is applicable for all peas. There are reports that government approved a proposal to sell pulses at discounted rates to state governments putting pressure on it. Soybean future price traded...

  • posted by IMV |
  • 24/8/2018

Fundamental Aspect Soybean future price traded lower due to fresh selling initiated by market participants due to improved rains in central India which will enhance soybean production. However, improved meal exports keep the prices in uptrend. Earlier, government has increased the export incentives on soymeal to 10% of the free-on-board value from the current 7% till Mar 31. Chana Sep futures price settled the...