Monday 6 April 2015

AGRI COMMODITY MARKET REPORT -07 APRIL 2015

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Turmeric April futures traded on a surged upon Monday(5.00pm)at India's National Commodity & Derivatives Exchange(NCDEX). Turmeric spice incresed by 2.27 % to 7828 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 by3.38% in the last trading to close at 3575level till Monday closing. Moderate firmness in International markets helped prices recover for Soybean in Indian markets also as domestic demand starts rising in the mandis. 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 deman on Monday(5.00PM). Chana April contract gained 3.18% to 3792 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 surged up by 4.00% in the last trading to close at 9155 level on Monday. 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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