DAILY AGRI COMMODITY MARKET REPORT -11 FEB 2015

TURMERIC April futures traded on a surged on Tuesday(5.00pm)at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric spice incresed by 1.21% to 8038 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.

The NCDEX SOYABEAN April futures sluggished by-0.70% in the last trading to close at 3395 level till Tuesday closing. Prices weakened for Soybean as weakness in International markets kept pressure on the domestic prices. Higher projections for global production may keep a cap on rising prices.

CHANA futures traded on a positive note on incresed demand on Tuesday(5.00PM). Chana April contract gained 0.70% to 3608 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.

The NCDEX DHANIYA April futures surged by -0.86% in the last trading to close at 7360 level on Tuesday. 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.