NCDEX TURMERIC April futures traded on a surged on Monday (5.00pm) at India. Turmeric spice incresed by 4.00% to 8322 level at NCDEX . Poor off take from up country traders are affecting Turmeric prices. Good arrivals were note din Nizamabad 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.
The NCDEX SOYABEAN April futures surged by 0.80%in the last trading to close at 3421 level till Monday closing. Moderate recovery in the International markets could pull the falling Indian rates also. Traders expect prices have fallen a lot and some short term recovery not ruled out this week..
NCDEX CHANA futures traded on a positive note on incresed demand on Monday(5.00PM). Chana April contract gained 1.02 % to
3656 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.
The NCDEX DHANIYA April futures slipped by -2.80% in the last trading to close at 7081 level on Monday. 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.
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