AGRI COMMODITY MARKET REPORT -24 FEB 2015

NCDEX Turmeric April futures traded on a surged on Monday(5.00pm)at India's .Turmeric spice incresed by-2.90% to 8824 level at NCDEX. Turmeric prices ended with gains on seasonal demand from north India and crop damage reports from south India.

NCDEX  Soyabean April futures sluggished by-0.15% in the last trading to close at 3385 level till Monday closing. Soyabean settled flat on profit booking after gaining as USDA trimmed US soybean production forecast, 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 negative note on decresed demand on Monday(5.00PM). Chana April contract lossed-1.31% to 3624 levels.recovery could be noted for Chana as rains in the growing states continued to pressurize market sentiments. Rains in growing areas in Rajasthan, MP and UP are reportedly beneficial for the standing crop.

NCDEX Dhaniya April futures shooted up by1.40% in the last trading to close at 6514 level on Monday. 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 Mediterrane an Indian Tex-Mex Latin American Portuguese Chinese African and Scandinavian.
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