Agro Outlook
Castorseed prices rose by 0.72 per cent on Wednesday 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 January 2015 contract were trading at Rs. 4,915 per quintal tonnes, up by 0.72 per cent, after opening at Rs. 4,847 against the previous closing price of Rs. 4,880. It touched the intra-day high of Rs. 4,968 till the trading. (At 12.01 PM today).Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.
MENTHAOIL
Coriander prices fell by 2.1 per cent on Wednesday 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 January 2015 contract were trading at Rs. 11,840 per quintal, down by 2.1 per cent, after opening at Rs. 11,964 against the previous closing price of Rs. 12,094. It touched the intra-day low of Rs. 11,790 till the trading. (At 11.35 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.
D A I L Y B U Z Z
CASTORSEEDCastorseed prices rose by 0.72 per cent on Wednesday 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 January 2015 contract were trading at Rs. 4,915 per quintal tonnes, up by 0.72 per cent, after opening at Rs. 4,847 against the previous closing price of Rs. 4,880. It touched the intra-day high of Rs. 4,968 till the trading. (At 12.01 PM today).Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.
Coriander prices fell by 2.1 per cent on Wednesday 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 January 2015 contract were trading at Rs. 11,840 per quintal, down by 2.1 per cent, after opening at Rs. 11,964 against the previous closing price of Rs. 12,094. It touched the intra-day low of Rs. 11,790 till the trading. (At 11.35 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.
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