AGRI COMMODITY MARKET REPORT -23 MARCH 2015

Turmeric April futures traded on a slipped on Friday(5.00pm)at India's National Commodity & Derivatives Exchange(NCDEX). Turmeric spice decresed by 2.08% to 7900 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 slipped up by -0.54% in the last trading to close at 3357 level till Friday 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 increased demand on Friday(5.00PM). Chana April contract gained 0.28% to 3614 levels. Production of Gram in the country has been generally increasing and its production has gone up from 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 futures surged up by 4.48% in the last trading to close at 7740 level on Friday.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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