Agro Outlook
Castorseed prices rose by 0.53 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 December 2014 contract were trading at Rs. 4,514 per
quintal tonnes, up by 0.53 per cent, after opening at Rs. 4,492 against the previous closing price
of Rs. 4,490. It touched the intra-day high of Rs. 4,520 till the trading. (At 02.48 PM).
CORIANDER
Coriander prices fell by 1.17 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 December 2014 contract were trading at Rs. 12,701 per quintal, down by 1.17 per cent, after opening at Rs. 12,825 against the previous closing price of Rs. 12,851. It touched the intra-day low of Rs. 12,701 till the trading. (At 02.42 PM today).
Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market.
D A I L Y B U Z Z
CASTOR SEEDCastorseed prices rose by 0.53 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 December 2014 contract were trading at Rs. 4,514 per
quintal tonnes, up by 0.53 per cent, after opening at Rs. 4,492 against the previous closing price
of Rs. 4,490. It touched the intra-day high of Rs. 4,520 till the trading. (At 02.48 PM).
CORIANDER
Coriander prices fell by 1.17 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 December 2014 contract were trading at Rs. 12,701 per quintal, down by 1.17 per cent, after opening at Rs. 12,825 against the previous closing price of Rs. 12,851. It touched the intra-day low of Rs. 12,701 till the trading. (At 02.42 PM today).
Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market.
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