Agro Outlook
Coriander prices fell by 1.75 per cent on Thursday 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. 11,365 per quintal, down by 1.75 per cent, after opening at Rs. 11,330 against the previous closing price of Rs. 11,567. It touched the intra-day low of Rs. 11,300 till the trading. (At 11.33 AM 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
CASTORSEED
Castorseed prices fell by 0.72 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for August 2014 contract was trading at Rs. 4,277 per quintal tonnes, down by 0.72 per cent, after opening at Rs. 4,291 against the previous closing price of Rs. 4,308. It touched the intra-day low of Rs. 4,275 till the trading. (At 12.20 PM today). Castor oil, extracted from castor seed is the largest vegetable oil exported out of India. India is the biggest exporter of castor oil holding about 70 per cent share of the international trade in this commodity followed by China & Brazil.
D A I L Y B U Z Z
CORIANDERCoriander prices fell by 1.75 per cent on Thursday 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. 11,365 per quintal, down by 1.75 per cent, after opening at Rs. 11,330 against the previous closing price of Rs. 11,567. It touched the intra-day low of Rs. 11,300 till the trading. (At 11.33 AM 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
CASTORSEED
Castorseed prices fell by 0.72 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for August 2014 contract was trading at Rs. 4,277 per quintal tonnes, down by 0.72 per cent, after opening at Rs. 4,291 against the previous closing price of Rs. 4,308. It touched the intra-day low of Rs. 4,275 till the trading. (At 12.20 PM today). Castor oil, extracted from castor seed is the largest vegetable oil exported out of India. India is the biggest exporter of castor oil holding about 70 per cent share of the international trade in this commodity followed by China & Brazil.
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