Turmeric May futures traded on a surged upon Wednesday(5.00pm)at India's National Commodity& Derivatives Exchange (NCDEX). Turmeric spice Increased by 0.80% to 8894levelat NCDEX. Turmeric prices ended with gains on seasonal demand from north India and crop damage reports from south India.
The NCDEX Soyabean May futures surged upby-1.41%in the last trading to close at 3644 level till Wednesday closing. Moderate firmness in International markets helped prices recover for Soybean in Indian markets also as domestic demand starts rising in the mandis. Prospects of demand rising in the coming weeks for the summer season kept supporting the prices. Record global production had been keeping pressure on prices.
Chana futures traded on a positive note on decresed demand on Wednesday (5.00PM). Chana May contract lossed-0.12%to 4001levels.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 MAY futures Surged up by 4.00% in the last trading to close at 9631 level on Wednesday. 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.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity Tips , Commodity free tips , Commodity intraday tips , commodity free tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
The NCDEX Soyabean May futures surged upby-1.41%in the last trading to close at 3644 level till Wednesday closing. Moderate firmness in International markets helped prices recover for Soybean in Indian markets also as domestic demand starts rising in the mandis. Prospects of demand rising in the coming weeks for the summer season kept supporting the prices. Record global production had been keeping pressure on prices.
Chana futures traded on a positive note on decresed demand on Wednesday (5.00PM). Chana May contract lossed-0.12%to 4001levels.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 MAY futures Surged up by 4.00% in the last trading to close at 9631 level on Wednesday. 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.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity Tips , Commodity free tips , Commodity intraday tips , commodity free tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
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