NCDEX TURMERIC April futures traded on a sluggished on Monday .Turmeric spice slipped by -0.35% to 7966 level at NCDEX. Poor off take from up country traders are affecting Turmeric prices. Good arrivals were note din Nizamabad today as well and the prices tumbled amid thin demand.The traders are expecting this momentum to continue, keeping prices slightly on a bearish track.
NCDEX SOYABEAN April futures sluggished by -0.84% in the last trading to close at 3415 level till Monday closing. Market managed to recover from early losses on short covering and firm international cues. Moreover, bullish oil-complex sentiments also supported the trend. Meanwhile, higher projections for global production could however keep a cap on rising prices.
NCDEX CHANA futures traded on a positive note on incresed demand on Monday(5.00PM). Chana April contract gained 1.50% to 3586 levels.recovery could be noted for Chana as rains in the growing states continued to pressurize market sentiments. Rains ingrowing areas in Rajasthan, MP and UP are reportedly beneficial for the standing crop.
NCDEX DHANIYA April futures surged by -1.88% in the last trading to close at 7430 level on Monday. Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market. Dhaniya is common in South Asian Middle Eastern Central Asian Mediterranean Indian Tex-Mex Latin American Portuguese Chinese African and Scandinavian.
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