Saturday, 31 August 2013

RESEARCH VIA - NCDEX COMMODITY REPORT 2/9/2013


Agro Outlook
D A I L Y
B U Z Z

Turmeric prices fell further by 0.75 per cent to Rs 5,024 per quintal in futures trade today after participants trimmed positions amid higher stocks but export demand limited the fall.

At the National Commodity and Derivatives Exchange, turmeric for delivery in September declined by Rs 38, or 0.75 per cent, to Rs 5,024 per quintal in an open interest of 15,405 lots.

Similarly, the spice for delivery in October edged lower by Rs 34, or 0.66 per cent, to Rs 5,112 per quintal in 10,780 lots.

Jeera prices fell by another 0.16 per cent to Rs 13,747.50 per quintal in futures mar ket today as speculators indulged in reducing exposures amid expectations of higher sowing in producing region.

However, some export demand limited the downside. At the National Commodity and Derivatives Exchange, jeera for delivery in October fell Rs 22.50, or 0.16 per cent to Rs 13,747.50 per quintal with an open interest of 5,394 lots.

DHANIYA

In a similar fashion, the spice for delivery in September lost Rs 20, or 0.15 per cent, to Rs 13,595 per quintal with an open interest of 8,667 lots. It had lost 0.05 per cent in yesterday's session.

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