Saturday, 12 July 2014

NCDEX TIPS FOR THE WEEK AS ON JULY 14, 2014

Agro Outlook
D A I L Y B U Z Z
CORIANDER
Coriander prices rose by 0.61 cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, coriander futures for July 2014 contract was trading at Rs. 11,150 per quintal, up by 0.61 per cent after opening at Rs. 11,100 against the previous closing price of Rs. 11,082. It touched the intra-day high of Rs.11,225 till the trading. (At 4.16 PM today). Sentiment improved further as the investors enlarged their holdings tracking the surge in the demand for the commodity.

CASTORSEED
Castorseed prices rose by 1.27 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for July 2014 contract were trading at Rs. 4,233 per quintal tonnes, up by 1.27 per cent, after opening at Rs. 4,184 against the previous closing price of Rs. 4,180. It touched the intra-day high of Rs. 4,258 till the trading. (At 4.17 PM today). Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.


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