AGRI COMMODITY MARKET REPORT UPDATE-13 FEB 2015

NCDEX TURMERIC April futures traded on a sluggished on Thursday(5.00pm). Turmeric spice slipped by-2.77% to 8000 level at NCDEX .Poor off take from upcountry 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.

NCDEX SOYABEAN April futures consolidate by 0.00% in the last trading to close at 3374 level till Thursday 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 positive note on incresed demand on Thursday(5.00PM). Chana April contract gained 0.05%to 3647 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 surged by 0.29% in the last trading to close at 7349 level on Thursday. Sentiment weakened further as speculators reduced their positions on the back of sluggishdemand in the market. Dhaniya is common in South Asian Middle Eastern Central Asian Mediterranean Indian Tex-Mex Latin American Portuguese Chinese African and Scandinavian.