Agro Outlook
CASTORSEED
Castorseed prices fell by 1.23 per cent on Friday 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 February 2015 contract was trading at Rs. 4,170 per quintal tonnes, down by 1.23 per cent, after opening at Rs. 4,178 against the previous closing price of Rs. 4,222. It touched the intra-day low of Rs. 4,150 till the trading. (At 12.00 PM).
MENTHAOIL
Mentha oil prices fell by 0.74 per cent on Friday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. At MCX, Mentha oil futures for January 2015 contract, at MCX, were trading at Rs. 726.60 per kg, down by 0.75per cent after opening at Rs. 731.10 against the previous closing price of Rs. 732.10. It touched the intra-day low of Rs. 723.20 till the trading. (At 4.28 PM today). Sentiment weakened further as the investors indulged in profit- booking in the midst of a fall in demand in the spot market.
D A I L Y B U Z Z
Castorseed prices fell by 1.23 per cent on Friday 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 February 2015 contract was trading at Rs. 4,170 per quintal tonnes, down by 1.23 per cent, after opening at Rs. 4,178 against the previous closing price of Rs. 4,222. It touched the intra-day low of Rs. 4,150 till the trading. (At 12.00 PM).
MENTHAOIL
Mentha oil prices fell by 0.74 per cent on Friday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. At MCX, Mentha oil futures for January 2015 contract, at MCX, were trading at Rs. 726.60 per kg, down by 0.75per cent after opening at Rs. 731.10 against the previous closing price of Rs. 732.10. It touched the intra-day low of Rs. 723.20 till the trading. (At 4.28 PM today). Sentiment weakened further as the investors indulged in profit- booking in the midst of a fall in demand in the spot market.
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