Turmeric May futures traded on a surged upon Wednesday (5.00pm) at India's National Commodity & Derivatives Exchange(NCDEX). Turmeric spice incrsed by0.29% to 8430 level at NCDEX. Agriculture Department estimates put turmeric production this year at around 3.7 million bags compared with 5.2million bags a year ago. Low quality arrivals had kept pressure on prices.
The NCDEX Soyabean May futures surged up by3.23% in the last trading to close at 3900 level till Wednesday closing. After recent recovery in rates, profit booking was noted at higher levels as weakness inInternational markets along with a fall in Indian market demand kept pressurizing prices. Ag Rural, Brazilian analyst, has estimated Brazil’s 2014-15 soybean crop to 93.8 million tons from 93.3 million tons earlier. The production is record high, despite late plantings due to stress followed by dry weather initially.
Chana futures traded on a positive note ondecresed demand on Wednesday(5.00PM). Chana May contract lossed 2.29% to 3968 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 MAY futures surged up by3.07% in the last trading to close at 10544 level on Wednesday. Bargain buying was seen in coriander prices as prices increased by almost Rs 100 per quintal atKota and other mandiesdue possibility of crop damage to coriander crop in Rajasthan.However, fresh supplies of around 15-20 thousand bagshave been reported in local mandies.
The NCDEX Soyabean May futures surged up by3.23% in the last trading to close at 3900 level till Wednesday closing. After recent recovery in rates, profit booking was noted at higher levels as weakness inInternational markets along with a fall in Indian market demand kept pressurizing prices. Ag Rural, Brazilian analyst, has estimated Brazil’s 2014-15 soybean crop to 93.8 million tons from 93.3 million tons earlier. The production is record high, despite late plantings due to stress followed by dry weather initially.
Chana futures traded on a positive note ondecresed demand on Wednesday(5.00PM). Chana May contract lossed 2.29% to 3968 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 MAY futures surged up by3.07% in the last trading to close at 10544 level on Wednesday. Bargain buying was seen in coriander prices as prices increased by almost Rs 100 per quintal atKota and other mandiesdue 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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