Tuesday 31 March 2015

AGRI COMMODITY MARKET REPORT - 01 APRIL2015

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NCDEX Turmeric April futures traded on a slipped on Tuesday(5.00pm). Turmeric spice decresed by -0.16% to 7572 level at NCDEX. Turmeric prices ended with gains on seasonal demand from north India and crop damage reports from south India.
The NCDEX Soyabean April futures surged up by0.44%in the last trading to close at 3440 level till Tuesdayclosing. Rates bounced back from the lower levels as prices found some string support at these levels.Weakness in International markets too suppressed the market sentiments.
Chana futures traded on a positive note on incresed demand on Tuesday(5.00PM).Chana April contract gained 0.19% to 359 levels. Production of Gram in the country has been generally increasing and its production has gone up from 7.48 million tonnes in 2009-10 to 9.53 million tonnes in 2013-14. In order to further increase production of pulses including Gram in the 12th Plan Period, the Government is implementing National Food Security Mission (NFSM)-Pulses in 622 districts of 27 States .
The NCDEX Dhaniya April futures slipped by -5.38% in the last trading to close at 8493 level on Tuesday. Bargain buying was seen in coriander prices as prices increased by almost Rs 100 per quintal at Kota and other mandies due possibility of crop damage to coriander crop in Rajasthan.However, fresh supplies of around 15-20 thousand bag shave been reported in local mandies .
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