Menthaoil trading range for the day is 1009-1025.2.Mentha oil spot at Sambhal closed at 1147.20 per 1kg. Spot prices was up by Rs.0.60-.Mentha oil prices ended with losses amid muted demand in the domestic spot market.Further, ample stocks position on higher supplies from producing belts of Chandausi in Uttar Pradesh, too influenced mentha oil pricesPressure also seen on the speculation the area under cultivation can increase this year resulting good production.

Naturalgas trading range for the day is 162-191.8.Natural gas dropped as forecasts continued to call for mostly warmer-than-normal weather in key regions across the U.S. for the rest of the winter.Prices of the heating fuel are down a whopping 29% so far this year as forecasts for warm winter weather weighed on heating demand expectations.Total natural gas in storage currently stands at 2.445 trillion cubic feet, according to the U.S. EIA, 12.4% lower than levels at this time a year ago.

क्रूड में तेजी, सोने में दिखा दबाव

अंतर्राष्ट्रीय बाजार में क्रूड में तेजी से एनर्जी शेयरों में उछाल आया है। डॉलर इंडेक्स भी 5 हफ्ते के उच्चतम स्तर पर पहुंच गया है जिसके चलते डॉलर में सोने में दबाव देखने को मिल रहा है।

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  1. कच्चा तेल एमसीएक्स: खरीदें – 3640 , स्टॉपलॉस – 3610, लक्ष्य – 3695.
  2. सोना एमसीएक्स: बेचें – 29350, स्टॉपलॉस – 29450, लक्ष्य – 29100.

Oil and Natural Gas Corp takes profit hit from royalty payments

Oil and Natural Gas Corp will take a 16 billion rupee ($239 million) hit to its quarterly earnings to account for previous royalty payments to two states, the oil exploration company’s finance head A. K. Srinivasan said.

ONGC has already made a 25 billion rupee payment to the two states as royalty on crude oil produced from April 2014, but had not reflected this because it was under litigation, Srinivasan said on Tuesday. click here, more and for Two days FREE TRIAL drop your missed call on -9303093093.

The Supreme Court has asked the federal government to compensate Gujarat and Assam for 150 billion rupees in lost revenues due to lower royalties paid by state-run explorers ONGC and Oil India Ltd. Indian law requires companies to pay 20 % of the market value of oil produced as royalty to states where oil blocks are located. 

April 2008 the oil ministry asked ONGC and Oil India to pay royalty based on lower prices, as the two firms had given a hefty discount on crude sales to state refiners, in order to keep a lid on local fuel prices. However, last year the oil ministry asked the two firms to settle royalty dues from April 2014 based on the market value of oil produced.

Agriculture Minister Expects Record Rabi Crop Production On Sharp Rise In Sowing Acreage

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As per latest release by Agriculture , the sowing of wheat grew by 7%, while the increase in pulses was 11% and in oilseeds it was 6% as compared to last year. As a result, we are expecting 221.4 LMT record production in pulses. Similarly the wheat production is expected to be 965 LMT.

Union Government has framed a policy to transfer the MSP directly to the accounts of farmers in a transparent manner. Government has increased the MSP of pulses and oilseeds considerably and there is steady increase in the MSP of paddy and wheat.

The minister told that during the ongoing Kharif Marketing Season a record 444 LMT of paddy has been procured from the farmers. The minister said that farmers have produced record pulses, however, there were complaints that they were not getting even then MSP for Moong and Arhar.

The Government immediately responded, first, by increasing the buffer stock of pulses from 1.5 MT to 20 LMT in order to protect farmers’ interests. Further the Government has engaged 3 central agencies viz. FCI, NAFED and SFAC to procure pulses directly from farmers which is still going on.

Food Department Eyes Record Rabi Procurement In Current Season

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The Food Department has set the procurement target at 330 LMT for the ensuing Rabi Marketing Season 2017-18. Extensive preparations have been made for procurement operations and Government will make necessary arrangements for payment of MSP to farmers.

Special attention has been given to the farmers of Eastern States. Government has recently removed import duty on wheat to increase its availability in domestic market. In a span of around 2 months, 40 LMT Wheat has been imported and this year more than 55 LMT wheat imports have happened in total.

Fresh wheat crop is expected to come by mid-March. It has been experienced when there is price-rise the benefit is taken by the traders and consumers are exploited. However, when fresh crop hits the market prices fall and the farmers have to take the loss. The Government will take all necessary steps to ensure payment of MSP to farmers and may review the import duty on wheat if required.

Rising Palm And Sugar Prices Boost Wilmar Profits

Agri and food business giant Wilmar reported a jump in profits, as rising sugar and palm oil prices increase its revenue. And the company issued an upbeat outlook for 2016, as it eyes opportunities in China. Wilmar reported a jump in its core profit to $589.50m, up 70% year-on-year in the last three months of 2016. 

 The rise in profits was driven by better performance across the company, particularly in sugar and palm oil, as well as one-off tax recognition from the company’s Indonesian operations. Company revenue grew 27% year-on-year, to $11.95bn, which Willmar ascribed to higher commodity prices and stronger sales volume.

 For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at or call at 9303093093.

कमोडिटी बाजार में आज कहां लगाएं दांव click here, more and for Two days Free Trial drop your missed call on -9303093093.

डॉलर में उछाल से ग्लोबल मार्केट में सोने की कीमतों पर दबाव बढ़ गया है। कॉमैक्स पर सोना करीब 0.5 फीसदी नीचे कारोबार कर रहा है। चांदी भी 18 डॉलर के नीचे आ गई है। हालांकि कच्चे तेल में तेजी आई है और नायमैक्स पर क्रूड का दाम 54 डॉलर के पास पहुंच गया है। इसमें करीब 0.5 फीसदी की तेजी है। अमेरिका में भंडार गिरने के अनुमान से कीमतों को सपोर्ट मिला है। इस बीच लंदन मेटल एक्सचेंज पर बेस मेटल में बेहद छोटे दायरे में कारोबार हो रहा है।

घरेलू बाजार में एमसीएक्स पर कच्चा तेल 0.2 फीसदी की बढ़त के साथ 3630 रुपये के आसपास कारोबार कर रहा है, वहीं नैचुरल गैस 0.5 फीसदी की मजबूती के साथ 185 रुपये के ऊपर कारोबार कर रहा है। घरेलू बाजार में सोना 0.3 फीसदी की कमजोरी के साथ 29215 रुपये के आसपास नजर आ रहा है जबकि चांदी 0.4 फीसदी की गिरावट के साथ 42740 रुपये के नीचे आ गया है।

बेस मेटल्स की बात करें तो एल्यूमीनियम 0.3 फीसदी की कमजोरी के साथ 125 रुपये के के करीब दिख रहा है जबकि कॉपर 0.07 फीसदी की गिरावट के साथ 405 रुपये के नीचे आ गया है। लेड की बात करें तो ये 0.3 फीसदी गिरकर 155 रुपये के नीचे दिख रहा है जबकि निकेल 0.7 फीसदी टूट कर 740 रुपये के नीचे आ गया है। वहीं जिंक 0.3 फीसदी की कमजोरी के साथ 190 रुपये के करीब दिख रहा है।

  1. ग्वार सीड एनसीडीईएक्स (मार्च वायदा): खरीदें — 3340, स्टॉपलॉस — 3300 लक्ष्य — 3400
  2. सरसों एनसीडीईएक्स (अप्रैल वायदा): बेचें — 3800, स्टॉपलॉस — 3840 लक्ष्य — 3720
  3. कच्चा तेल एमसीएक्स (मार्च वायदा): खरीदें — 3600, स्टॉपलॉस — 3570 लक्ष्य — 3700
  4. कॉपर एमसीएक्स (फरवरी वायदा): खरीदें — 403, स्टॉपलॉस — 400 लक्ष्य — 409
  5. सोना एमसीएक्स (अप्रैल वायदा): खरीदें — 29200, स्टॉपलॉस — 29100 लक्ष्य — 29400