NCDEX Agri Tips for April 01, 2014

DAILY BUZZ

CORIANDER

• Coriander prices moved up by 0.83 per cent to Rs 9,240 per quintal in futures market today as speculators enlarged positions due to pick-up in demand in the spot market against limited arrivals from producing belts.

• At the National Commodity and Derivative Exchange, coriander for delivery in April moved up by Rs 76, or 0.83 per cent, to Rs 9,240 per quintal with an open interest of 20,280 lots.

• Similarly, the spice for delivery in May gained Rs 73, or 0.78 per cent, to Rs 9,401 per quintal in 43,190 lots.

• Analysts said the rise in coriander prices at futures trade was mostly due to fresh positions built up by speculators on the back of rising demand in the spot markets.

JEERA

• Jeera prices rose by 0.25 per cent to Rs 10,090 per quintal in futures trading today as participants built-up positions supported by a rise in demand in the spot market. 

• However, expectations of higher output restricted the gains.

• At the National Commodity and Derivatives Exchange, jeera for delivery in April rose by Rs 25, or 0.25 per cent to Rs 10,090 per quintal with an open interest of 8,184 lots.

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