AGRI COMMODITY MARKET REPORT -26 FEB 2015

NCDEX Turmeric April futures traded on a surged on wednesday(5.00pm). Turmeric spice incresed by 1.92% to 9020 level at NCDEX.Turmeric prices ended with gains on seasonal demand from north India and crop damage reports from south India.
The NCDEX  Soyabean April futures sluggished by-0.88% in the last trading to close at 3375 level till Wednesday closing. No strong movement was noted for Soybean as weakness in International markets amidst lack of strong demand in mandis kept trend slight weak. No strong recovery in International markets weakened the Indian rates also.
NCDEX Chana futures traded on a positive note on incresed demand on Wednesday(5.00PM). Chana April contract gained 0.82% to 3690 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.
The NCDEX Dhaniya April futures sluggished by-2.38% in the last trading to close at 6285 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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