Friday, 4 April 2014

NCDEX Agri Tips for April 04, 2014

DAILY BUZZ

JEERA
  • Jeera prices gained 0.70 per cent to Rs 10,005 per quintal in futures trade today after speculators enlarged positions supported by rising spot demand.
  • However, expectations of higher output capped the gains. At the National Commodity and Derivatives Exchange, jeera for delivery in April gained Rs 70, or 70 per cent, to Rs 10,005 per quintal with an open interest of 7,242 lots.
  • Similarly, the spice for delivery in May moved up by Rs 60, or 0.60 per cent, to Rs 10,110 per quintal in 6,459 lots.

CORIANDER

  • Coriander prices fell 0.73 per cent to Rs 9,546 per quintal in futures trading today as speculators trimmed positions, driven by lower demand in the spot market against higher supplies from producing belts.
  • At the National Commodity and Derivatives Exchange, coriander for delivery in April fell by Rs 70, or 0.73 per cent, to Rs 9,546 per quintal with an open interest of 15,960 lots. 
  • In a similar fashion, the spice for delivery in May traded lower by Rs 71, or 0.73 per cent, to Rs 9,722 per quintal in 42,410 lots.

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