Monday 27 April 2015

AGRI COMMODITY MARKET REPORT 28 APRIL 2015

Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips  , commodity free tips
Turmeric May futures traded on a surged up on Monday(5.00pm)at India's National Commodity& Derivatives Exchange(NCDEX). Turmeric spice decresed by 4% to 8676 level at NCDEX. Agriculture Department estimates put turmeric production this year at around 3.7 million bags compared with 5.2 million bags a year ago. Low quality arrivals had kept pressure on prices.
The NCDEX Soyabean May futures surged up by 2.01%in the last trading to close at 4109 level till Monday closing. After recent recovery in rates, profit booking was noted at higher levels as weakness in International markets along with a fall in Indian market demand kept pressurizing prices. Ag Rural, Brazilian analyst, has estimated Brazil’s 2014-15soybean crop to 93.8 million tons from 93.3 million tons earlier. The production is record high, despite late plantings due to stress followed by dry weather initially.
Chana futures traded on a positive note on decresed demand on Monday(5.00PM). Chana May contract lossed 2.70% to 4221levels. 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 MAY futures slipped by-1.77% in the last trading to close at10089 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 bagshave been reported in local mandies
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