NCDEX TIPS FOR THE WEEK AS OCTOBER 20, 2014

Agro Outlook

D A I L Y B U Z Z

CHANA
Chana prices closed higher 0.75 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 October 2014 contract closed at Rs. 2,831 per quintal, up by 0.75 per cent, after opening at Rs. 2,817 against the previous closing price of Rs. 2,810. It touched the intra-day high of Rs. 2,851. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices.

MUSTARD SEED
Mustard seed prices closed higher by 1.29 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. At the NCDEX, mustard seed futures for October 2014 contract closed at Rs. 3,685 per quintal, up by 1.29 per cent, after opening at Rs. 3,615 against the previous closing price of Rs. 3,638. It touched the intra-day high of Rs. 3,688.

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