Agro Outlook
Chana prices closed higher 0.18 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. At the NCDEX, chana futures for August 2014 contract closed at Rs. 2,835 per quintal, up by 0.18 per cent, after opening at Rs. 2,841 against the previous closing price of Rs. 2,830. It touched the intra-day high of Rs. 2,842. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.
CORIANDER
Coriander prices fell by 0.04 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for August 2014 contract were trading at Rs. 11,739 per quintal, down by 0.04 per cent, after opening at Rs. 11,720 against the previous closing price of Rs. 11,744. It touched the intra-day low of Rs. 11,675 till the trading. (At 2.50 PM today). Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian
D A I L Y B U Z Z
CHANAChana prices closed higher 0.18 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. At the NCDEX, chana futures for August 2014 contract closed at Rs. 2,835 per quintal, up by 0.18 per cent, after opening at Rs. 2,841 against the previous closing price of Rs. 2,830. It touched the intra-day high of Rs. 2,842. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.
CORIANDER
Coriander prices fell by 0.04 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for August 2014 contract were trading at Rs. 11,739 per quintal, down by 0.04 per cent, after opening at Rs. 11,720 against the previous closing price of Rs. 11,744. It touched the intra-day low of Rs. 11,675 till the trading. (At 2.50 PM today). Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian
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