Wednesday, 4 February 2015

AGRO OUTLOOK REPORT FOR 04 FEB 2015

Agro Outlook
D A I L Y B U Z Z
DHANIYA
Coriander prices fell by 0.76 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 April 2015 contract were trading at Rs. 7,600 per quintal, down by 0.76 per cent, after opening at Rs. 7,658 against the previous closing price of Rs. 7,658. It touched the intra-day low of Rs. 7,556 till the trading. (At 11.38 AM).

MUSTARD SEED
Mustard seed prices closed higher by 0.75 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. At the NCDEX, mustard seed futures for April 2015 contract closed at Rs. 3,370 per quintal, up by 0.75 per cent, after opening at Rs. 3,341 against the previous closing price of Rs. 3,345. It touched the intra-day high of Rs. 3,380. India produces 5.5 million MT to7 million MT annually and about 0.15 million MT is retained for sowing and direct consumption as seed which leaves about 4.8-5.1 million MT for crushing and extracting oil.


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