MCX Commodity Online Tips : Agri Turmeric, Jeera, Coriander,

Turmeric: Commodity Turmeric futures (April) is expected to trade in the range of 7,450 – 7,615 levels. There was a mixed feel in turmeric trade since spot prices plunged at Erode markets. However, prices at Basmatnagar, Nizamabad and Duggirala markets remained unchanged on account of lackluster business activities. Due to adequate availab…

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 Calls : Refined Soya oil under short covering

The NCDEX Refined Soya Oil is under short covering Wednesday on weak U.S soya Oil futures. The market has witnessed drop in open interest by 2.9 percent settled at 30,130 while prices up 1.35 rupees. NCDEX Refined Soya settled up by 0.18 percent at 733.4 tracking stability in spot demand amid expectation of higher demand from China. Hope of incr…

Commodity News: Abolish CTT on agri-produce to protect farmers’ income

Confederation of Indian Industry (CII), the Industry body, on Monday said that Commodities Transaction Tax (CTT) on agricultural produce should be done away with for protecting farmers’ income. The CII said that after seeing an exponential growth since its beginning till 2011-12 fiscal, the commodities Futures market in the country has witn…