Agro Outlook
Castorseed prices fell by 1.74 per cent on Wednesday 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 April 2015 contract was trading at Rs. 4,339 per quintal tonnes, down by 1.74 per cent, after opening at Rs. 4,409 against the previous closing price of Rs. 4,416. It touched the intra-day low of Rs. 4,310 till the trading. (At 12.04 PM today).
JEERA
Jeera prices closed lower by 0.27 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for April 2015 contract closed at Rs. 16,790 per quintal, down by 0.27 per cent, after opening at Rs. 17,235 against the previous closing price of Rs. 16,835. It touched the intra-day low of Rs. 16,465. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year
D A I L Y B U Z Z
CASTORSEEDCastorseed prices fell by 1.74 per cent on Wednesday 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 April 2015 contract was trading at Rs. 4,339 per quintal tonnes, down by 1.74 per cent, after opening at Rs. 4,409 against the previous closing price of Rs. 4,416. It touched the intra-day low of Rs. 4,310 till the trading. (At 12.04 PM today).
JEERAJeera prices closed lower by 0.27 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for April 2015 contract closed at Rs. 16,790 per quintal, down by 0.27 per cent, after opening at Rs. 17,235 against the previous closing price of Rs. 16,835. It touched the intra-day low of Rs. 16,465. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year
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