Saturday, 2 August 2014

NCDEX TIPS FOR THE WEEK AS AUGUST 04, 2014

Agro Outlook
D A I L Y B U Z Z
CORIANDER
Coriander prices fell by 0.19 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. 11,802 per quintal, down by 0.19 per cent, after opening at Rs. 11,829 against the previous closing price of Rs. 11,825. It touched the intra-day low of Rs. 11,731 till the trading. (At 11.49 AM today). Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market


CASTORSEED
Castorseed prices rose by 0.21 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 August 2014 contract were trading at Rs. 4,287 per quintal tonnes, up by 0.21 per cent, after opening at Rs. 4,280 against the previous closing price of Rs. 4,278. It touched the intra-day high of Rs. 4,302 till the trading.


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