पीली मटर दाल पर इंपोर्ट ड्यूटी लगने की उम्मीद

दालों की कीमतों को थामने के लिए सरकार एक और बड़ा फैसला ले सकती है। कल ग्रुप मिनिस्टर की बैठक होने वाली है जिसमें पीली मटर आयात पर ड्यूटी लगाने पर फैसला हो सकता है। इसके अलावा  मूंगफली, सोयाबीन, सनफ्लावर और सरसों पर भी ड्यूटी लगाने का प्रस्ताव है।

 

 बुधवार को नितिन गड़करी की अध्यक्षता में होने वाली ग्रुप ऑफ मिनिस्टर की बैठक में पीली मटर दाल पर इंपोर्ट ड्यूटी लगाने का प्रस्ताव रखा जाएगा। आपको बता दें कि पीली मटर के इंपोर्ट में खासी बढ़ोतरी देखने को मिली है। 2015-16 में देश में 22.45 लाख टन पीली मटर का आयात हुआ जबकि, 2016-17 में 31.72 लाख टन पीली मटर का आयात हुआ। 

BUY CHANA NOV ABOVE 4730 TG 4745, 4765, 4795 SL 4705,

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BUY SILVER ABOVE 39130 TGT -39280-39480-39780 SL BELOW 38930 CMP 39130

SELL ZINC BELOW 211.30 TGT 210.80-210.10.-209.10 SL ABOVE 212 CMP 211.40

SELL CRUDEOIL BELOW 3505 TGT 3485-3455.-3405 SL ABOVE 3540 CMP 3506
 

SELL LEAD BELOW 156.50 TGT 156-155.30.-154.30 SL ABOVE 157.40 CMP 156.60

 

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Rice prices in India dip on rising supply; Thailand eyes Sri Lankan demand

Rice prices in India slipped this week on expectations of a rise in supplies from the new season crop, while rates for the staple grain edged higher in Thailand as traders were optimistic about the possibility of demand from Sri Lanka.

Thailand's benchmark 5-percent broken rice was quoted at $375-$388 a tonne, free-on-board (FOB) Bangkok, up from $375-$385 last week.

"There looks to be demand from Sri Lanka, which we're optimistic will translate into more demand for Thai rice," said a Bangkok-based rice trader.

The government of Sri Lanka has issued a tender to buy 200,000 tonnes of rice as recent floods in the country have destroyed crops.

In Thailand, however, heavy rain have not hurt crops and all of the rice has already been harvested. But, the rains have caused difficulties for shipments to be collected and delivered, which has had a negative impact on exports, traders said.

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India drags feet on GM mustard permit amid powerful opposition

India has frozen requests to commercially release a locally developed genetically modified mustard, an environment ministry document released on Tuesday showed, amid stiff opposition to lab-altered food from domestic activists and politicians.

The mustard variety would have been the first transgenic food crop to be allowed for commercial cultivation. But the environment ministry's Genetic Engineering Appraisal Committee (GEAC) has deferred approval despite a panel the ministry supervises giving the genetically modified (GM) mustard technical clearance last year.

"Subsequent to receipt of various representations from different stakeholders, matters related to environmental release of transgenic mustard are kept pending for further review," the GEAC said in minutes of a meeting released on the environment ministry's website marked "confidential and restricted circulation".

Cotton is the only GM crop currently allowed to be sold in the world's second most populous country where arable land is shrinking. U.S. company Monsanto Co dominates the cotton seed market in India, and often faces resistance from local companies over its position.

BUY GOLD ABOVE 29520 TGT 29580-29660-29780 SL BELOW 29440 CMP 29513

BUY LEAD ABOVE 161.80 TGT 162.30-163-164 SL BELOW 161 CMP 161.80

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India's wheat planting likely to surpass last year's planting

India's wheat planting is expected to surpass last year's 31 million hectares on the back of better water availability and soil moisture.

According to officials, wheat planting has begun in irrigated parts of Madhya Pradesh and Gujarat and will pick up in other regions, including Punjab and Haryana, in the coming days.

India, the world's second-largest producer of wheat, recorded a bumper crop of 98.38 million tonnes last year. For 2017-18, the government has set a target of 97.50 million tonnes.

Last season, wheat planting topped the previous year's 31.55 million hectares by 8%. Higher acreage supported by good prices would increase farmers' income and lower the country's dependence on imports.

According to trade figures, the country has already imported 1 million tonnes of the commodity this year. As on October 1, the government's wheat stock stood at about 25.3 million tonnes.

एग्री कमोडिटी की बात करें तो एनसीडीईएक्स पर सरसों का नवंबर वायदा 0.75 फीसदी की उछाल के साथ 3930 रुपये पर कारोबार कर रहा है। धनिया का नवंबर वायदा 0.8 फीसदी की मजबूती के साथ 5050 रुपये पर कारोबार कर रहा है।

BUY SILVER  ABOVE 39700 TGT 39900 SL BELOW 39450

SELL LEAD BELOW 161 TGT 160.30 SL ABOVE 162
 
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Latest trends & updates from the commodities market

एमसीएक्स पर आज से गोल्ड ऑप्शंस शुरु होने जा रहा है। दिल्ली में वित्त मंत्री अरुण जेटली ने इसे लॉन्च किया। सेबी की इजाजत के बाद से गोल्ड ऑप्शंस को लेकर तैयारियां चल रही हैं। लंबे समय तक मॉक ट्रेडिंग भी हुई। अंतत: आज धनतेरस के मौके पर एक्सचेंज गोल्ड ऑप्शंस शुरू करने जा रहा है। इसमें एमसीएक्स के गोल्ड वायदा में ही ऑप्शंस ट्रेडिंग होगी।

इस बीच ग्लोबल मार्केट में सोने में बेहद छोटे दायरे में कारोबार हो रहा है। कल 1300 डॉलर का स्तर छूने के बाद इसमें दबाव दिखा है और फिलहाल ये 1295 डॉलर के नीचे कारोबार कर रहा है। चांदी में हालांकि तेजी जारी है और इसका दाम 17 डॉलर के ऊपर है। एमसीएक्स पर सोना 0.3 फीसदी की कमजोरी के साथ 29760 रुपये के आससास नजर आ रहा है। वहीं, चांदी 0.5 फीसदी की कमजोरी के साथ 40150 रुपये के आसपास करोबार कर रहा है।

एग्री कमोडिटीज में एनसीडीईएक्स पर चने का नवंबर वायदा 0.02 फीसदी की मामूली गिरावट के साथ 5236 रुपये के आसपास कारोबार कर रहा है। वहीं, धनिया का नवंबर वायदा 1.1 फीसदी की बढ़त के साथ 4940 रुपये के आसपास दिख रहा है।

BUY CHANA NOV.ABOVE 5226 TGS 5236-5245-5255 SL 5190

BUY SOYBEAN NOV.ABOVE 2920 TGS 2930-2938-2945 SL 2900 

 

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Palm oil demand strong as top buyers China, India restock inventories

Palm oil demand is expected to remain robust for the rest of the month as key consumer countries India and China rebuild low stock levels, bucking a seasonal trend in which shipments of the tropical oil typically taper off at year-end.

A narrow discount to a rival edible oil, however, could limit demand growth moving forward, say traders and analysts, since buyers usually switch to more favoured soyoil when its price premium over palm narrows.

The price differential or the spread between palm oil on the Bursa Malaysia Derivatives Exchange and Chicago Board of Trade soyoil has been hovering between $80 and $90 a tonne, soyoil's narrowest premium over palm since February.

"For October we're looking at a 10 to 13 percent gain in exports, mainly from China and India, though India demand may slow compared to the previous month," said David Ng, a derivatives specialist at Phillip Futures in Kuala Lumpur.

India and China are the world's top two buyers of palm oil, and command a substantial share of global demand. Palm oil import demand from China and India, which celebrate the Mid-Autumn and Diwali festivals respectively this month, had already gained in September as buyers stocked up ahead of the events.

SELL COPPER  BELOW 457 TGT 455 SL ABOVE 460.10
 
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Gold prices rose 0.49 per cent to Rs 29,853 per 10 grams in futures trade today as participants created fresh positions, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in December rose by Rs 146, or 0.49 per cent, to Rs 29,853 per 10 grams, in a business turnover of 360 lots. The yellow metal for delivery in February moved up by a similar margin to trade at Rs 29,950 per 10 grams in 2 lots. Analysts said traders built up fresh positions in line with a firm global trend, which supported the upside in gold prices at futures trade here. Globally, gold rose 0.26 per cent to USD 1,294.40 an ounce in Singapore.

 

Tracking a firm trend overseas, silver prices surged by Rs 208 to Rs 40,337 per kg in futures trade today as traders built up fresh positions. At the Multi Commodity Exchange, silver for delivery in December spurted by Rs 208, or 0.52 per cent, to Rs 40,337 per kg, in a business turnover of 390 lots. Similarly, the white metal for delivery in March next year was trading higher by Rs 187, or 0.46 per cent, to Rs 40,886 per kg in 5 lots.

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Base metal and Agri commodity fall down

उधर बेस मेटल में आज दबाव दिख रहा है। कॉपर 1 महीने के ऊपरी स्तर से दबाव में आ गया है। बाकी मेटल में भी कमजोरी है। हालांकि चीन में एल्युमिनियम और जिंक को छोड़कर सभी मेटल तेज हैं। एमसीएक्स पर कॉपर 0.1 फीसदी टूटकर 445 रुपये के नीचे आ गया है जबकि निकेल 0.5 फीसदी टूटकर 715 रुपये के आसपास कारोबार कर रहा है।

SELL ZINC BELOW 214.80 TGT 214 SL ABOVE 215.80

SELL COPPER BELOW 442 TGT 440 SL ABOVE 445

एग्री की बात करें तो दिवाली से पहले चना 2 महीने के निचले स्तर पर आ गया है। इसमे 2 फीसदी की भारी गिरावट आई है। आमतौर पर इस समय तेजी का रुख होता है। दरअसल दूसरी दालें जमीन पर हैं। अरहर, मूंग और उड़द की कीमतें एमएसपी से 27 से 35 फीसदी तक नीचे आ गई हैं। गौर करने वाली बात ये है कि खरीफ दालों का एक्सपोर्ट खुलने और इंपोर्ट पर पाबंदी के बावजूद दाल की कीमतों को कोई सपोर्ट नहीं है। इंदौर में अरहर 4000 रुपये के नीचे बिक रही है। जबकि मूंग का दाम 4000 और उड़द 3700 रुपये क्विंटल है।

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BUY LEAD ABOVE 163.10 TGT 164 SL BELOW 162

SELL ZINC BELOW 214 TGT 213 SL ABOVE 216.20

SELL COPPER BELOW 440.30 TGT 438 SL ABOVE 443.50

BUY SILVER  ABOVE 39150 TGT 39350 SL BELOW 38900

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Gold futures jump on firm global cues

Gold futures were trading higher during in the domestic market on Monday as as speculators raised bets amid a firm global trend. . Market analysts attributed the rise in gold prices at the futures trade to positive global cues as fresh concerns over North Korea’s nuclear ambitions stoked safe-haven demand for the precious metal and weighed on the dollar.

At the MCX, gold futures for December 2017 contract is trading at Rs 29687 per 10 grams, up by 0.39 per cent, after opening at Rs 29698, against a previous close of Rs 29573. It touched the intra-day high of Rs 29772.

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BUY CRUDEOIL ABOVE  3260 TGT 3280-3310-3360 SL BELOW  3225 CMP 3259

SELL ALUMINIUM BELOW 139.80 TGT 139.20 SL ABOVE 140.80

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India`s coffee output seen rising 12.3 percent on higher acreage: Board

India's coffee output is likely to rise 12.3 percent from a year ago to 350,400 tonnes in 2017/18 due to an expansion in the area under cultivation, the state-run Coffee Board said on Tuesday.

The South Asian country, which is famous as a tea producer, is also the world's No.6 coffee grower, mainly churning out the robusta beans used to make instant coffee, but also producing some of the more expensive arabica variety.

The country's robusta production is likely to rise 14 percent to 247,300 tonnes in the marketing year that started on Oct. 1, while arabica output could rise 8.5 percent to 103,100 tonnes, the board said.

India, which some say started coffee cultivation in 1670 with seven smuggled beans, exports three-quarters of its production.

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Gold falls to seven-week low as dollar firms

Gold edged down to a 7-week low on Tuesday, as equities and the dollar were buoyed in Asian trade by upbeat economic data and strong U.S. treasury yields.

Spot gold was down 0.1 percent at $1,269.20 an ounce by 0337 GMT, after earlier touching its lowest since mid-August at $1,267.76.

U.S. gold futures for December delivery shed 0.3 percent to $1,272 an ounce.

"Gold no doubt is struggling for the moment as at least three variables are arrayed against it, namely, a stronger dollar, a higher rate environment and possibly a reduction in tensions with North Korea if tentative contacts revealed over the weekend amount to something," INTL FCStone analyst Edward Meir said in a note.

"We see gold possibly getting to a low of $1,245 before running into some credible support."

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