AGRI COMMODITY MARKET REPORT ON 28 FEB 2015

NCDEX Turmeric April futures traded on a sluggished on Friday(5.00pm).Turmeric spice decresed by-1.33% to 8762 level at NCDEX.Turmeric prices ended with gains on seasonal demand from north India and cropdamagereports from south India.
The NCDEX Soyabean April futures surged by 0.09% in the last trading to close at 3376 level till Friday closing.Moderate weakness persisted for Soybean as apprehensions of Govt reducing import duty onoilseeds in the Budget kept pressure on the prices.
Chana futures traded on a negative note on decresed demand on Friday(5.00PM). Chana April contract lossed -0.05% to 3706 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 beneficialfor the standing crop.
The NCDEX Dhaniya April futures sluggished by-1.77% in the last trading to close at 6104 level on Friday. Sentiment weak ened 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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