Cardamom on MCX settled up by 1.68% at 1141.6 on good domestic demand amid thin arrivals at auctions held in Kerala and Tamil Nadu. The quality of the material arriving was, however, not at expected levels. Exporters were not very active as the prices were unattractive while exportable variety material was also not available. However, the situation, would change after August 10 when the arrivals and the quality of the capsules are expected to improve.

At the auction conducted in Bodi by the Idukki Dist. Traditional Cardamom Producer Company Limited, the average price At the auction being conducted today in Bodi by the Idukki Dist. Traditional Cardamom Producer Company Limited, 28.9 tonnes of cardamom and arrived and almost the entire quantity traded. The average price increased to ₹1017.70 a kg from ₹991.35 a kg last Monday. The maximum price stood at ₹1,255 a kg. Arrivals last week rose to 384 tonnes from 11 auctions last week from 252 tonnes from 9 auctions the previous week.

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Jeera on NCDEX settled up by 1.56% at 19480 due to dwindling stocks and restricted arrivals in the major markets of Gujarat. Jeera stocks in the producing and consuming markets are state to be lower due to fall in output during 2016-17. Domestic demand is also likely to pick up in the coming months. Jeera output in Gujarat during 2016-17 was estimated lower at 212,000 ton due to fall in acreage, Gujarat Agriculture ministry data showed.

India's jeera exports during 2016-17 jumped by 22% to 119,000 ton from 97,790 ton a year ago. As per, jeera arrival during first fifteen days of July recorded only 524.5 tonnes compared to 3922 tonnes and 4148 tonnes in previous two fortnights in June. As per the data release by government, jeera exports in April 2017 was 14,599 tonnes, were down 9% from March. In 2016/17, country exports increase by 26% to 1.24 lt in as per the data release by Dept. of commerce, GOI.

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Turmeric on NCDEX settled up by 1.76% at 7046 tracking gains in spot demand supported apprehensions of fall in acreage. As per Andhra Pradesh Govt, normal Turmeric area reported around 17695 hectares. Turmeric sowing started, till date 7528 hectares sowing reported, last year it was reported 6079 hectares. As per Telangana Govt, normal Turmeric area reported around 47717 hectares, as on 19-07-2017 Turmeric sowing around 33035 hectares, last year it was reported 30068 hectares.

Andhra Pradesh State Co-operative Marketing Federation, also known as AP Markfed, will auction 48,500 tn turmeric in Aug-Nov through the NCDEX e-Markets Ltd's trading platform, a senior official of the state marketing body said. The AP Markfed had procured 48,500 tn turmeric from farmers in May after prices fell to 5,200 rupees per 100 kg. "The auction will take place on a fortnightly basis from the first week of August till November," the official said.

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Mustard Seed on NCDEX settled up by 0.35% at 3696 amid higher demand for rape-meal in export market. Rape/mustard seed's exports during June also spurted to 44,074 tons as compared to 43,636 tons in June 2016, data released by Solvent Extractors Association of India (SEA) showed. The agriculture department in Rajasthan has estimated mustard output in 2016-17 (Jul-Jun) to rise by 21% on year to 3.94 mln tn because of higher yields. Mustard arrivals began in mid-February, while supply started in March in full swing.

Arrivals in mandies started shrinking in June due to beginning of lean season. India is estimated to have produced 6.9 mln tn mustard in the crop year that ended June, up nearly 19% from 5.8 mln tn a year ago, due to better yield and favourable weather, a joint survey by the Central Organisation for Oil Industry and Trade and Mustard Oil Producers Association had reported.

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Crude palm Oil on MCX settled up by 0.21% at 486.1 on short covering after prices dropped on higher stockpiles in domestic market and prospects of robust output from Indonesia. Prices of CPO were under pressure after India's Crude palm oil imports climbed by 37.73% in June to 572,388 tons compared to 415,580 tons imported during June 2016. Further, government of India on July 14 also trimmed CPO tariff value to $693 per tons compared to $697 per tons.

Stocks of edible oil in ports and pipeline are estimated at 2.278 million tons as on July 1 compared to 2.320 million tons a year ago and 2.160 million tons in May, data showed. India's monthly requirement is about 1.750 million tons and operates at 30 days stock against which currently holding stock over 2.278 million tons equal to 39 days requirements. Food Ministry is not in favour of raising the import duty on palm oils and has instead recommended cutting the duty on crude palm oil to increase the import duty differential between crude and refined palm oils.

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Ref Soyaoil on NCDEX settled up by 0.15% at 643.35 on short covering after prices dropped on higher stockpiles in domestic market and weak demand. Around 160,000 tons of soyoil stocks were at various ports of the country, data released by Solvent Extractors Association showed. Total stock of edible oil at ports and in pipelines increased to 2.27 million tons from 2.16 million tons in June 2017. India's monthly requirement is about 1.750 million tons and operates at 30 days’ stock against which currently holding stock over 2.278 million tons equal to 39 days requirements.

According to NOPA, 138.074 million bushels soybean was crushed in June 2017 compared to 149.246 million bushels previous month. Soymeal exports during the month declined to 562,684 tons compared to 592,924 tons in May and 594,710 tons a year earlier. Soy oil stocks as of June 30, fell to 1.703 billion pounds from 1.749 billion at the end of May. NOPA reported soy oil stocks of 1.985 billion pounds at the end of June 2016. India's imports of vegetable oils increased by 15 per cent in June at 13.44 lakh tonnes, according to industry data.

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Soyabean on NCDEX settled up by 0.13% at 3028 recovering from lows after prices dropped amid good spell of rain over major bean growing areas spurted expectation of higher supply and weak demand. As per government data, area under soybean crop across the country for the 2017-18 kharif was 8.45 million hectares till last week, down about 1.7% on year. Last year, the acreage was 10.28 million hectares.

In its July crop report, soybean production in Argentina has been reduced to 55 million tonnes compared to 57 million tonnes estimated in the month of June according to the Ministry of Agriculture. Production has declined as a result of lower planting area. In the weekly USDA crop progress report; Soybeans blooming are reported at 69% which is down from 74% from the corresponding period last year and up from the 5-year average of 67%.

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