02 Aug Commodity wrap, Trading Advice by Experts, Jeera chart

Commodity Intraday Tips, MCX Gold Silver, Crude Oil, NCDEX AdviceRmseed Aug futures closed flat on mixed fundamentals of lower demand and reports crop damage of stored crop in Gujarat and Rajasthan due to heavy rains. The prices have been trading in a range since last two weeks due to good supplies.CPO closes with gains on Monday due to firm Malaysian palm oil futures. The prices have been trading higher since last week due to consideration of raising import duty on palm oils by the government. The base import prices of refined, bleached and deodorized palm oil, refined, bleached and deodorized palmolein and crude palmolein have been cut by $12 per tonne each for first half of August. Sugar Futures closed unchanged on Monday on expectation of sufficient supplies. However, the prices may get support on expectations of higher demand for sugar in coming weeks. Stockists and industrial buyers are active in buying sugar from the mills which may keep the sugar prices firm in next three months..

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