NCDEX Launches Mobile App for Investors

The app, launched 7/22/15, will give users access to prices, news, updates, market data and analysis for commodities, NCDEX said in a statement here.

Read more at: http://www.moneycontrol.com/news/market-news/ncdex-launches-mobile-app-for-investors_2096241.html?utm_source=ref_article

Click here for link to download the App

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Posted in Commodities, India, National Commodity and Derivative Exchange, NCDEX | Tagged , , , | Leave a comment

NCDEX, MCX Compete Over Gold Bond Scheme

India’s two leading commodity exchanges are pitted against one another to be part of the government’s sovereign gold bond scheme, the final guidelines for which are still awaited.

The government’s draft guidelines released last month say that the gold bonds would be benchmarked to gold prices taken from National Commodity and Derivatives Exchange Ltd (NCDEX), the London Bullion Market Association (LBMA) or the Reserve Bank of India (RBI) and the rupee equivalent amount may be converted at the RBI reference rate on issue and redemption.

This has not gone down well with Multi Commodity Exchange of India Ltd (MCX), the larger rival of NCDEX, which is trying to convince the government that prices should be benchmarked to contracts traded on MCX.

Gold is among the top traded commodities on MCX, whereas for NCDEX, the bulk of its turnover comes from agricultural commodities. As per data from the commodities market regulator Forward Markets Commission (FMC), for the fortnight ended 31 May, gold contracts worth Rs.39,674.61 crore were traded on MCX. The FMC fortnightly bulletin did not include NCDEX’s gold trading data as it did not feature among the top 10 traded commodities on the exchange.

NCDEX maintains that its traded contracts offer a better benchmark.

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Posted in Commodities, Exchange Prices, Gold, India, MCX, National Commodity and Derivative Exchange, NCDEX, Precious Metals, Trading | Tagged , , , , , , | Leave a comment

NCDEX Soybean Continues Sideways Trend

Sideways trend is likely for NCDEX Soybean futures. Milan Shah, agri research analyst at commodity Online, said Soybean August contract is sideways for short term and positive for intra day. Short term support is seen at 3550 and resistance at 3750. Intraday support is visible at 3550 3600 with a resistance of 3640.

NCDEX Soybean August futures were seen trading up by 2.78 per cent to 3659 levels on Wednesday( 11.15am).

 

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Posted in Agricultural Products, Commodities, India, Indian agriculture, National Commodity and Derivative Exchange, NCDEX, Soybean | Tagged , , , | Leave a comment

Bears Tighten Grip Over NCDEX Turmeric Futures

The sowing of the Turmeric crop is expected to pick up gradually as rains in growing areas in Andhra Pradesh and Tamil Nadu kept possibilities of improved sowing. This is keeping sentiments weak for the counter in the near term. But with prices having fallen a lot, some bounce back too is possible.

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NCDEX brings more transparency into Gold Pricing in India.

NCDEX, the leading commodity exchange, today announced the launch of Gold futures contract that will provide a transparent and credible price benchmark to the Indian consumer. For the first time, consumers, jewellers, traders, banks, and gold refiners will get a scientific and rigorous assessment of the daily premium for gold prevailing in the physical market to derive the final wholesale price. To make it possible, NCDEX has introduced an independent gold premium polling mechanism that will give the Indian market an unbiased price benchmark for the first time. The Gold premium benchmark will be used for arriving at the settlement price of the Gold futures contract. This contract will be available for trade from May 21, 2015.

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Posted in Gold, National Commodity and Derivative Exchange, NCDEX, NCDEX Commodities Trading List | Tagged , | Leave a comment

NCDEX/TRADING-068/2014/163

NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED

Circular to all trading and clearing members of the Exchange
Circular No. : NCDEX/TRADING-068/2014/163
Date : May 20, 2014
Subject : Final Settlement Prices of contracts expired on May 20 2014
___________________________________________________________________

Final Settlement Prices of contracts expired on May 20, 2014 are given below:

COMMODITY SYMBOL PRICE
UNIT
FINAL
SETTLEMENT
PRICE (`)
BAJRA BAJRA `/QUINTAL 1308.35
BARLEY BARLEYJPR `/QUINTAL 1296.85
CASTOR SEED CASTORSEED
`/QUINTAL 3903.70
CHANA CHARJDDEL `/QUINTAL 2961.25
COTTON SEED OIL CAKE COCUDAKL `/QUINTAL 1594.85
COTTON SEED (INDUSTRIAL GRADE) COTTONSEED
`/QUINTAL 2003.65
CORIANDER DHANIYA `/QUINTAL 8939.30
GUAR GUM GUARGUM `/QUINTAL 13806.20
GUAR SEED GUARSEED `/QUINTAL 5145.15
GUAR SEED 10 MT GUARSEED10
`/QUINTAL 5145.15
JEERA JEERAUNJHA `/QUINTAL 11265.55
MAIZE MAIZERABI `/QUINTAL 1125.15
POLYVINYL CHLORIDE PVC `/MT 82000.00
RUBBER RBRRS4KOC `/QUINTAL 14365.65
MUSTARD SEED RMSEED `/QUINTAL 3484.90
YELLOW SOYABEAN MEAL SBMEALIDR `/MT 41475.00
STEEL LONG COMMERCIAL STEELCOMM `/MT 33550.00
STEEL LONG STEELLONG `/MT 36400.00
SUGAR M GRADE SUGARM200 `/QUINTAL 3130.70
SOYABEAN SYBEANIDR `/QUINTAL 4644.00
REFINED SOY OIL SYOREFIDR `/10 KGS 720.95
TURMERIC TMCFGRNZM `/QUINTAL 6161.00
WHEAT WHEAT `/QUINTAL 1548.60

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Spice News

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NCDEX – Trade Details for May 12, 2014

NCDEX, 392 members (1,660 User) participated in trading on May 12, 2014
up to 5:00 pm and volumes were Rs. 3,403 crore (one-way). There were
more than 62,942 trades put through by them. Active trades were high in
were high in Soya Oil, Soybean, Coriander, Castor seed and Chana among
others.

On May 9, 2014, 401 members (1,708 User) participated in trading and put
through more than 80,542 trades. The volume for the whole day trading till
11.30 pm was Rs. 4,318 crore (one-way). Active trades were high in Castor
seed, Chana, Soya Oil, Soybean and Coriander among others.

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Soybean Oil imports to rise on lower domestic oilseeds crushing

For the period under consideration, total edible oil imports fell 5.4% to 4.25 million tons as against 4.49 million tons in the corresponding period of last year, SEA data showed.

NEW DELHI (Commodity Online): Soybean oil imports by India this marketing year is likely to cross 1.5 million tons or 15 lakh tons due to lower domestic oilseeds crushing. Soybean oil imports during November 2013 to March 2014 rose by 112% to 5,28,286 tons compared to 2,48,728 tons imported during corresponding period of last year, the data from Solvent Extractors Association (SEA) showed.

For the period under consideration, total edible oil imports fell 5.4% to 4.25 million tons as against 4.49 million tons in the corresponding period of last year, SEA data showed.

For this year, soybean oil production is likely to be lower by around 8% as per COOIT’s estimate. “We believe this would lead to more imports as consumption is steadily growing. For the rest of the period, we expect imports to be around 1 MMT, taking marketing year imports to 1.5 MMT”, Mr. Raju Choksi, Vice-President (Agri-Commodities), Anil Nutrients Ltd. said.

Mr. Choksi said another reason for rise in imports of soybean oil is rise in palm oil prices, which contributes to more than 70% of total edible oil imports in the country. “Since last month, the spread between palm oil and soybean oil has gone down significantly, thereby encouraging soybean oil imports over palm oil” , Mr. Choksi added.

According to rabi estimate of COOIT (Central Organization for Oil Industry & Trade) for 2013-14 season, 89.8 MT of soybean will be available for crushing as compared to 97 MT that was available last year. As per second advance estimates of Government, soybean production this year is estimated at 12.45 million tonnes against 14.67 million tonnes in 2012-13.

Market update
Soybean futures are on the run for the past three months due to lower availability of the oilseed along with strength in overseas markets. Concerns of emergence of El-Nino for the 2014 monsoon season and shortage of seeds for kharif 2014 sowing has added further fuel to the already rising prices, Angel Commodities said.

The Ministry of Agriculture in its 2nd Advance Estimates, projected 2013-14 soybean output at 12.45 mn tn as against 14.67 mn tn in 2012-13.

Soy meal exports have declined in the marketing year 2013-14. According to SEA, Soy meal exports declined 19% to 2.78 mn tn y-o-y due to lower availability for crushing as well as poor demand due to unattractive Indian price quotes for the foreign buyers.

CBOT Soybean Futures corrected from higher levels on profit taking coupled with improving planting weather in the US Midwest and settled 1.01% lower on Monday. Prices gained last week on tight supplies coupled with export demand and higher crushing. According to NOPA, soybean crushing in March was reported at 153.840 mn
bushels, above expectations of 146.1 mn bushels.

The USDA monthly report forecast 2013-14 end stocks sharply lower at 135 mn bsh against market estimates of 138.591 mn bsh and previous month’s forecast of 145 mn bsh. The report forecast Brazil output at 87.5 mn tn against estimates of 87.43 mn tn and Argentina at 54 mn tn. The USDA planting intention report showed higher area to be
covered under soy beans for 2014-15 at a record high 81.493 mn acres.

International markets have remained strong since February supported by strong export demand for the bean as well as meal

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Rapeseed Output Expected to Fall

At NCDEX, 487 members (2,166 Users) participated in trading on March 14, 2012 up to 5:00 pm and volumes were Rs 125,261 crore (one-way). There were more than 7,493 trades put through by them. Active trades were high in among others Soya Oil, Rape Mustard Seed, Chana, Soyabean and Pepper.  Indian oilseeds and soyoil futures rose on Tuesday in line with a rally in overseas markets, an improvement in export demand for soymeal and as arrivals of rapeseed in the local spot markets were lower than expected. India’s rapeseed output is expected to fall.

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Posted in Commodities, MCX, National Commodity and Derivative Exchange, NCDEX, NCDEX Commodities Trading List, Pepper, Rape Mustard Seed, Soya Bean, Soya Oil | Tagged , | Leave a comment