AGRI COMMODITY MARKET REPORT - 19 FEB 2015

NCDEX Turmeric April futures traded on a surged on Wednesday(5.00pm). Turmeric spice incresed by 4.66% to 8710 level at NCDEX . Telangana State Agricultural University projected higher prices for turmeric at the time of harvesting this year. Telangana and Andhra Pradesh produce the crop that gives farmers very high returns. There has been an increase in cultivation of turmeric in both the States.

NCDEX Soyabean April futures sluggished by -0.58% in the last trading to close at 3407 level till Wednesday closing. Moderate recovery in the International markets could pull the falling Indian rates also. Traders expect prices have fallen a lot and some short term recovery not ruled out this week.

NCDEX Chana futures traded on a positive note on incresed demand on Wednesday(5.00PM). Chana April contract gained 1.69% to 3724 levels. recovery could be noted for Chana as rains in the growing states continued to pressurize market sentiments. Rains ingrowing areas in Rajasthan, MP and UP are reportedly beneficial for the standing crop..
 

NCDEX Dhaniya April futures slipped by -4.00% in the last trading to close at 6812 level on Wednesday. Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market. Dhaniya is common in South Asian Middle Eastern Central Asian Mediterranean Indian Tex-Mex Latin American Portuguese Chinese African and Scandinavian.

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