Agro Outlook
Chana prices closed higher 0.14 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 September 2014 contract closed at Rs. 2,807 per quintal, up by 0.14 per cent, after opening at Rs. 2,800 against the previous closing price of Rs. 2,803. It touched the intra-day high of Rs. 2,820. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices.
CASTORSEED
Castorseed prices fell by 1.07 per cent on Friday 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 September 2014 contract was trading at Rs. 4,240 per quintal tonnes, down by 1.07 per cent, after opening at Rs. 4,242 against the previous closing price of Rs. 4,286. It touched the intra-day low of Rs. 4,240 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.
D A I L Y B U Z Z
CHANAChana prices closed higher 0.14 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 September 2014 contract closed at Rs. 2,807 per quintal, up by 0.14 per cent, after opening at Rs. 2,800 against the previous closing price of Rs. 2,803. It touched the intra-day high of Rs. 2,820. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices.
CASTORSEED
Castorseed prices fell by 1.07 per cent on Friday 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 September 2014 contract was trading at Rs. 4,240 per quintal tonnes, down by 1.07 per cent, after opening at Rs. 4,242 against the previous closing price of Rs. 4,286. It touched the intra-day low of Rs. 4,240 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.
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