AGRO OUTLOOK FOR 29 MAY 2014

Agro Outlook                                                       

DAILY BUZZ

JEERA
Jeera prices moved down by 0.45 per cent to Rs 11,080 per quintal in futures trade today as speculators indulged in offloading positions amidst sluggish demand in spot market.
 
At the National Commodity and Derivatives Exchange, jeera for delivery in July lost Rs 50, or 0.45 per cent, to Rs 11,080 per quintal with an open interest of 3,747 lots.
 
In a similar fashion, the spice for delivery in June shed Rs 45, or 0.41 per cent, to Rs 10,995 per quintal in 7,200 lots.
 
TURMERIC
Turmeric showed weakness for the third day as prices fell by another 1.55 per cent to Rs 6,106 per quintal in futures trade today on weak domestic as well as export demand against adequate supplies from producing belts.
 
At the National Commodity and Derivatives Exchange, turmeric for delivery in July fell further by Rs 96, or 1.55 per cent, to Rs 6,106 per quintal with an open interest of 3,180 lots.
 
Similarly, the spice for delivery in June lost Rs 86, or 1.42 per cent, to Rs 5,970 per quintal in 13,305 lots.

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