Agro Outlook
Castorseed prices fell by 0.38 per cent on Thursday 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. 3,985 per quintal tonnes, down by 0.38 per cent, after opening at Rs. 3,986 against the previous closing price of Rs. 4,000. It touched the intra-day low of Rs. 3,971 till the trading. (At 12.17 PM).
MUSTARD SEED
Mustard Seed prices closed lower by 0.72 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for April 2015 contract closed at Rs. 3,314 per quintal, down by 0.72 per cent, after opening at Rs. 3,345 against the previous closing price of Rs. 3,338. It touched the intra-day low of Rs. 3,296 Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity. EU-27 accounts to about 34 per cent of worlds RM seed production, others major producers are China (23 per cent), Canada (19 per cent), India (14 per cent), Australia (3 per cent), Ukraine (2 per cent). India produces 5.5 million MT to7 million MT annually.
D A I L Y B U Z Z
CASTORSEEDCastorseed prices fell by 0.38 per cent on Thursday 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. 3,985 per quintal tonnes, down by 0.38 per cent, after opening at Rs. 3,986 against the previous closing price of Rs. 4,000. It touched the intra-day low of Rs. 3,971 till the trading. (At 12.17 PM).
MUSTARD SEED
Mustard Seed prices closed lower by 0.72 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for April 2015 contract closed at Rs. 3,314 per quintal, down by 0.72 per cent, after opening at Rs. 3,345 against the previous closing price of Rs. 3,338. It touched the intra-day low of Rs. 3,296 Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity. EU-27 accounts to about 34 per cent of worlds RM seed production, others major producers are China (23 per cent), Canada (19 per cent), India (14 per cent), Australia (3 per cent), Ukraine (2 per cent). India produces 5.5 million MT to7 million MT annually.
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