Agro Outlook
JEERA
Jeera prices closed higher by 0.7 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for December 2014 contract closed at Rs. 12,950 per quintal, up by 0.7 per cent, after opening at Rs. 12,985 against the previous closing price of Rs. 12,860. It touched the intra-day high of Rs. 12,985. Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.
CHANA
Chana prices closed higher 1.63 per cent on Tuesday 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 December 2014 contract closed at Rs. 3,057 per quintal, up by 1.63 per cent, after opening at Rs. 3,017 against the previous closing price of Rs. 3,008. It touched the intra-day high of Rs. 3,057. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.
D A I L Y B U Z Z
Jeera prices closed higher by 0.7 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for December 2014 contract closed at Rs. 12,950 per quintal, up by 0.7 per cent, after opening at Rs. 12,985 against the previous closing price of Rs. 12,860. It touched the intra-day high of Rs. 12,985. Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.
Chana prices closed higher 1.63 per cent on Tuesday 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 December 2014 contract closed at Rs. 3,057 per quintal, up by 1.63 per cent, after opening at Rs. 3,017 against the previous closing price of Rs. 3,008. It touched the intra-day high of Rs. 3,057. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.
Research
Via
is a leading financial advisory provides free tips on Indian share
market like Stock
Options Tips, Stock
Option Tips, nifty
options calls, Nifty
Option Tips, Nifty
options tips, Equity
tips, mcx
Gold tips, Free
Ncdex Tips, comex
tips.
No comments:
Post a Comment