Ncdex Tips

Guarseed trading range for the day is 11688-12962. Guarseed fell on profit-taking and on concerns export demand could wane at higher prices . Exports rose in the first seven months of the current fiscal year but traders are worried there is not enough guarseed available . NCDEX accredited warehouses guarseed stocks dropped by 1485 tonnes to 60959 tonnes. In Jodhpur Guarseed prices were dropped by -553.6 rupees to 12040.35 rupees per 100 kg.

Pepper trading range for the day is 28715-30655. Pepper rose as expectations of lower production and some local buying supported prices. Subdued export demand and hopes fresh arrivals from new season crop will improve in coming days restricted gains. NCDEX tips accredited warehouses pepper stocks dropped by 61 tonnes to 3971 tonnes. Spot pepper gained 94.1 rupees to 30955.25 rupees per 100 kg in Kochi market.

Mentha oil trading range for the day is 1565.7-1607.5. Menthaoil spot is at 1675/-.Spot market is up by Rs.23/-. Mentha oil settled gained as good demand from International markets and domestic markets supported prices. The total arrivals stood steady at 350-400 drums. On 1st February total stock of mentha oil at MCX tips -monitored warehouses at Chandausi was 62,933 kg.



Turmeric trading range for the day is 4470-4790. Turmeric fell due to fresh supplies from the new season crop and estimates of higher output. Supplies from the new crop likely to continue to weigh on sentiment. Higher production prospects and better stocks could however keep pressure on the market . In Nizamabad, a major spot market in AP, the price ended at 4.75 rupees gained by 0.1 rupees.

Jeera trading range for the day is 13990-14722. Jeera fell as higher area under cultivation and favourable weather conditions raised hopes of increased production.