NCDEX TIPS MARKET NEWS : 16 DEC 2015

Ncdex Tips Market News Update

Guar Gum Weekly Export Figuresncdex tips

In the second week of December 2015, India has exported 3932 tons of guar gum powder, 420.2 tons of guar splits and 1697 tons of guar meal.Recent week guar gum powder exports are 61% higher compared to export at same period last month.However, recent export figures are down by 35% compared to prior week. Below are the week
on week export scenario of guar gum for last two months.

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Thailand Weekly Rice Export

Unofficial preliminary Thai rice exports (excluding premium white and fragrant rice) for November 30 – December 6, 2015 totaled 45,536 metric tons, down 55,851 metric tons from the previous week and down 26,456 metric tons from the four-week moving average of 71,992 metric tons. Rice exports from January 1 – December 6, 2015, totaled 4,020,388 metric tons, down 18 percent from the same period last year.

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Mauricio Macri to Sign Decree, Slash Export Duty on Soybean, Exempt Wheat and Corn

Argentina’s President Mauricio Macri has once again confirmed to sign decree which will cut the export tax on soybean to 30% from 35% and exempt corn and wheat fully from the export tax. It was promised by Macri before election.The steps will boost the farm export sales and revitalize Argentina’s farm sector.

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USA Cotton Production to Fall By 20% Y-o-Y: USDA

According to USDA latest report, USA cotton production would stand around 2.83 million tons, around 2% lower compared to the estimates of previous month i.e. 2.89 million tons and around 20% lower than the production of previous year i.e. 3.55 million tons. USA pot prices remained firm during the week. Weekly average price was 63 cents/pound slightly higher compared to 62 cents/pound a week earlier.

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Guar Seed Arrival Scenario – All India

Guar seed arrival declined this week in all Indian markets and stood at 80000 bags daily which earlier was 90000 bags.
Continuous decline in prices of guar seed bound farmers to stop bringing their produce in APMC market.Below are the today’s arrival situation of Guar seed in major markets.

Pilibanga:  1500 bags
Shri Ganganagar: 1000 bags
Bikaner:  3000 bags
Khajuwala: 3000 bags

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