Thursday 12 March 2015

AGRI COMMODITY MARKET REPORT 13 MARCH 2015

Agri Commodity Tips , Best NCDEX Tips Provider , Agri Commodity Trading , Agri Trading Tips , Chana Tips , SoyaBean Tips , Turmeric Tips
Turmeric April futures traded on a sluggished on Thursday(5.00pm)at India's National Commodity& Derivatives Exchange(NCDEX). Turmeric spice dcresed by -3.52% to 7722 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 consolidated by 0.00% in the last trading to close at 3368 level till Thursday closing. Rates bounced back from the lower levels as prices found some string support at these levels.Weakness in International markets too suppressed the market sentiments.
Chana futures traded on a positive note on incresed demand on Thursday(5.00PM). Chana April contract gained 0.49% to 3688 levels. Production of Gram in the country has been generally increasing and its production has gone upfrom 7.48 million tonnes in 2009 -10 to 9.53 million tonnes in 2013-14. In order to further increase production of pulses including Gram in the 12th Plan Period, the Government is implementing National Food Security Mission (NFSM)-Pulses in 622 districts of 27 States.
The NCDEX Dhaniya April futuressurged up by-3.99% in the last trading to close at 6703 level on Thursday.Bargain buying was seen in coriander prices as prices increased by almost Rs 100 per quintal at Kota and other mandies due possibility of crop damage to coriander crop in Rajasthan. However, fresh supplies of around 15-20 thousand bagshave been reported in local mandies.
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