AGRI COMMODITY MARKET REPORT -11 MAR 2015

NCDEX Turmeric April futures traded on a surged on Tuesday (5.00pm) . Turmeric spice decresed by-2.63% to 8284 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 by 0.03% in the last trading to close at 3344 level till Tuesday closing. 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.
NCDEX Chana futures traded on a negative note on decresed demand on Tuesday(5.00PM). Chana April contract lossed -0.30% to 3655 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 surged up by 3.94% in the last trading to close at 6539 level on Tuesday. 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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