Sunday 5 April 2015

AGRI COMMODITY MARKET REPORT-06 APRIL 2015

Agri Commodity Tips , Best NCDEX Tips Provider , Agri Commodity Trading , Agri Trading Tips

NCDEX Turmeric April futures traded on asurged upon Wednesday(5.00pm)at India's . Turmeric spice incresed by 0.87% to 7632 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 by0.52%in the last trading to close at 3455level till Wednesday closing.With International markets firming up, Indian prices are finding strong support at these levels.Improved demand in mandis had been noted. Prospects of demand rising in the coming weeks for the summer season kept supporting the prices. Record global production had been keeping pressure on prices . Chana futures traded on a positive note on incresed demand on Wednesday(5.00PM). Chana April contract gained 1.88%to 3677 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 futuresslippedby2.51%in the last trading to close at874level on Wednesday.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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