REVIA ~ NCDEX TIPS FOR 19/1/2014

Agro Outlook

D A I L Y

B U Z Z

CHANA

Chana prices fell 0.42 per cent to Rs 3,117 per quintal in futures market as participants trimmed positions, triggered by increased supplies from producing regions against low demand.

At the National Commodity and Derivative Exchange, chana for delivery in February fell by Rs 13, or 0.42 per cent to Rs 3,117 per quintal with an open interest of 82,880 lots.

Likewise, the commodity for delivery in January shed Rs 3, or 0.10 per cent to Rs 3,077 per quintal in 14,100 lots.

JEERA

Jeera prices rose by 0.40 per cent to Rs 12592.50 per quintal in futures trading as speculators indulged in creating fresh positions driven by expots demand in the spot market.

At the National Commodity and Derivatives Exchange, jeera for delivery in March rose by Rs 50, or 0.40 per cent, to Rs 12,592.50 per quintal with an open interest of 6,822 lots.

DHANIYA

In a similar fashion, the spice for delivery in April traded higher by the same margin to Rs 12,670 per quintal in 2,271 lots. Analysts said fresh positions created by speculators driven by exports demand in the spot market mainly led to rise in jeera prices at futures trade.

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