Higher arrivals drag turmeric prices | Agri Commodity Price

Prices of turmeric have been under stress in the near-term as a consequence of higher arrivals in the terminal markets and lower exports. On the other hand, the fundamentals support a strong market based on reports that turmeric production in Tamil Nadu, Telengana and Andhra would be lower than last season. NCDEX Turmeric’s spot prices on Mond…

Mentha oil futures keep on gain on growing demand

Mentha oil prices rose by 1.17 percent to Rs 1,660 per kg in futures trade Thursday as speculators engaged in enlarging their positions, tracking a firm trend at spot market on strong demand from consuming industries. Moreover, tight stocks position on the shortage of arrivals from the major producing belts too fuelled the uptrend. At the MCX, M…

MCX NCDEX Tips- US oil prices rise to highest on unexpected output drop

US oil prices reached their peak levels since middle of 2015, on Friday on as a surprise fall in American production, besides a fall in commercial crude inventories, stoked buying. The Brent crude oil futures in global markets, were also up, aided by ongoing supply cuts by top producers such as OPEC and Russia. WTI crude futures were at USD 60.16 …

Base Metals Watch: MCX Copper edge up; Zinc Market Shortfall

MCX Copper: Copper in Multi commodity exchange is getting support at 435.2 and below same could see a test of 431 levels and resistance is now likely to be seen at 442.3. Copper futures edged up on MCX, as investors started fresh buys on positive sentiments from overseas market after positive global cues and stronger dollar. The February delivery …