Sunday 15 February 2015

AGRI COMMODITY MARKET REPORT-16 FEB 2015

agri commdity tips, free agri calls, NCDEX chana, NCDEX Dhaniya, NCDEX Turmeric, NCDEX soyabean
NCDEX Turmeric April futures traded on a sluggished on Friday(5.00pm). Turmeric spice slipped by -0.30% to 8016 level at NCDEX. Poor off take from upcountry traders are affecting Turmeric prices. Good arrivals were note din Niziamabad today as well and the prices tumbled amid thin demand. The traders are expecting this momentum to continue, keeping prices slightly on a bearish track.

NCDEX  Soyabean April futures surged by 0.53% in the last trading to close at 3392 level till Friday closing.China, the largest consumer has reportedly scraped orders of soybeans around 1.20 lakh tons during the US marketing seasons started with September 1, showing signs of weak demand.

NCDEX Chana futures traded on a negative note on decresed demand on Friday(5.00PM). Chana April contract gained -0.63% to 3619 levels. recovery could be noted for Chana as rains in the growing states continued to pressurize market sentiments. Rains ingrowing areas in Rajasthan, MP and UP are reportedly beneficial for the standing crop.

NCDEX Dhaniya April futures slipped by -1.00% in the last trading to close at 7275 level on Friday. Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market. Dhaniya is common in South Asian Middle Eastern Central Asian Mediterranean Indian Tex-Mex Latin American Portuguese Chinese African and Scandinavian.

2 comments:

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  2. Continuing its gaining streak for the third straight day, wheat prices rose further by 0.91 per cent to Rs 1,655 per quintal in futures trade today as speculators engaged in widening their positions, tracking a firm trend at spot market on pick up in demand. Equity tips MCX tips



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