Agro Outlook
CHANA
Chana prices closed higher 0.06 per cent on Monday 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 January 2015 contract closed at Rs. 3,440 per quintal, up by 0.06 per cent, after opening at Rs. 3,434 against the previous closing price of Rs. 3,438. It touched the intra-day high of Rs. 3,457. 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.
DHANIYA
Coriander prices fell by 0.87 per cent on Tuesday 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. 10,900 per quintal, down by 0.87 per cent, after opening at Rs. 10,890 against the previous closing price of Rs. 10,806. It touched the intra-day low of Rs. 10,830 till the trading. (At 11.45 AM).
D A I L Y B U Z Z
CHANAChana prices closed higher 0.06 per cent on Monday 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 January 2015 contract closed at Rs. 3,440 per quintal, up by 0.06 per cent, after opening at Rs. 3,434 against the previous closing price of Rs. 3,438. It touched the intra-day high of Rs. 3,457. 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.
DHANIYACoriander prices fell by 0.87 per cent on Tuesday 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. 10,900 per quintal, down by 0.87 per cent, after opening at Rs. 10,890 against the previous closing price of Rs. 10,806. It touched the intra-day low of Rs. 10,830 till the trading. (At 11.45 AM).
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