NCDEX Tips

Chilli 334 prices were quoting steady at Rs 5,200-5,500 per quintal in the Guntur spot market. The total arrivals slipped to 35,000 bags (6,000 bags of Khammam teja) from  40,000 bags (5,000 bags of Khammam teja) on Friday.



Mandi	Variety	Prices (Rs per quintal)	changes from previous day
Guntur (Andhra Pradesh)	334	5200-5500	Steady
	Teza New	7500-7800	Steady
	Khammam Teja	8100	Steady
	No- 341	5500-6000	Steady
	No-5	5000-5200	Steady
	No-273	6000	Steady

The NCDEX Chilli December contract moved in the range of Rs 5,320-5,200 and is currently trading at Rs 5,288 per quintal, down by Rs 70 or 1.32% per quintal.

NCDEX Tips

Buoyancy is likely to persist in wheat market due to restricted supplies of wheat from FCI warehouses against strong export demand. The NCDEX futures spurted by almost Rs 15 per quintal in the last trading.
Market sources suggested that poor supplies of wheat from warehouses along with lower stocks in private warehouses propelled the buoyancy in wheat market. Delay in release excess grain stocks under the Open Market Sale Scheme (OMSS) by government has augmented the artificial scarcity of wheat in local mandies. Though, centre has wheat stocks of 40.5 million tonne at the start of this month against the buffer norm of11 million tonne as on 1ST October 2012.
The spot prices of wheat increased by almost Rs 15 per quintal in the entire major mandies in the last trading. The spot prices of Lawrence Road were trading at Rs 1635-1650 per quintal, up Rs 20 per quintal in the last day.
The NCDEX November futures surged by almost Rs 15 per quintal today to settle at Rs 1587 per quintal. The contract added 120 positions in open interest indicating fresh buying by traders. Technically, prices are likely to gather some buying around Rs 1565-1570 per quintal while resistances are likely at Rs 1610-1615 per quintal in the short term.

Jeera arrivals mildly down in Unjha mandi

The spot jeera prices were trading in the range of Rs 13,250-14,250 per quintal at Unjha Mandi. Best quality was trading in the range of Rs 14,250-15,250 per quintal. The total arrivals decreased to 6,000 bags from 6,500 bags, while demand was seen around 13,000 bags.
The NCDEX Jeera December contract moved in the range of Rs 14,915-15,100 and is currently trading higher at Rs 15,042.50 per quintal, up by Rs 137.50 or 0.92% per quintal.

NCDEX Sugar Tips

On Wednesday (07 November 2012), the sugar prices on the Vashi wholesale market ruled steady but the undertone was weak due to continuous supply from mills. Naka prices were unchanged, while mill tender rates dropped by Rs 10 per quintal on higher selling.

According to the Bombay Sugar Merchants Association, the spot rates were: S-grade Rs 3,472-3,551 (Rs 3,472-3,552) and M-grade Rs 3,551-3,701 (Rs 3,542-3,701). Naka delivery rates were: S-grade Rs 3,420-3,450 (Rs 3,420-3,450) and M-grade Rs 3,500-3,625 (Rs 3,500-3,625).

NCDEX Guarseed Tips

The spot price of Guar Seed quoted at Rs 9,500 per quintal, up by Rs 100 per quintal in the Jodhpur mandi while the Guar Gum quoted at Rs 27,000 per quintal, down by Rs 500 per quintal. The Guar Seed arrivals jumped to 50,000 bags from 40,000 bags over previous close.