The NCDEX Soyabean May futures decreased by-1.99% in the last trading to close at 4033 level till Tuesday closing. After recent recovery in rates, profit booking was noted at higher levels as weakness in International markets along with a fall in Indian market demand kept pressurizing prices. AgRural, Brazilian analyst, has estimated Brazil’s 2014-15soybean 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 on decreased demand on Tuesday(5.00PM). Chana May contract surged-0.62%to 4200 levels. Production of Gram in the country has been generally increasing and its production has gone up from 7.48 million tons in 2009-10 to 9.53 million tons 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 surgedby1.14%in the last trading to close at10228level on Tuesday.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 tocoriander crop in Rajasthan.However, fresh supplies of around 15-20 thousand bag shave been reported in local mandies.
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