Monday 17 November 2014

Fresh Bying Seen in NCDEX Ref.Soya oil , Chana & Turmeric


Chana Futures, NCDEX Turmeric, soyabean NCDEX
  1. open interest up 2.46%  Ref.Soya oil
  2. open interest up 4.58%  Chana
  3. open interest up 1.29%  Termeric

Ref. Soya oil:-
Ref.Soyaoil settled down by -0.47% at 586.85 on profit booking after prices seen supported on speculation of Indian government's plan to hike import duty on crude and refined oil.

Chana:-
Chana settled up by 0.5% at 3199 on account of increased demand from mills against restricted arrivals from the major producing belts. Besides, hopes of lower output from the major producing belts too supported chana prices uptrend.

Turmeric:-
Turmeric settled flat on late profit booking after prices seen supported due to lower production possibilities and improved export demand. As per the market sources, the total production of turmeric in the current year is expected to be around 35-37 lakh bags against 52 lakh bags of the last year.

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