Coriander prices rose 1.64 percent to Rs 6,692 per quintal on the National Commodity and Derivatives Exchange (NCDEX) on August 10 as traders widened their bets tracking the spot market. Coriander September futures, which had seen significant profit booking in the last week of July, recouped most of the losses during last week and rose Read More
Author: Updates Ncdex
Technically Jeera market is under long liquidation as market has witnessed drop in open interest by 3.42% to settled at 1440 while prices remain unchanged 0 rupees. Now NCDEX Jeera is getting support at 14020 and below same could see a test of 13985 levels, and resistance is now likely to be seen at 14100, Read More
India’s soybean production is set to jump by at least 15% in 2020 from a year earlier as farmers are increasing the oilseed’s acreage due to timely arrival of monsoon rains and as New Delhi raised the minimum buying price. Increased production of India’s main summer-sown oilseed could help the world’s biggest vegetable oil importer Read More
Today, the price of the finger and root variety turmeric were improved. At the Erode Turmeric Merchants Association sales yard the finger turmeric was sold at ₹5,555-6,513 a quintal, the root variety at ₹4,699-5,706 a quintal. At the Regulated Marketing Committee the finger turmeric was sold at ₹5,500-6614 a quintal, root variety at ₹4,900-5,814 a quintal. At the Erode Read More
Agri markets traded higher despite some profit booking during the middle of the week. Erratic monsoon in most parts of India is creating apprehensions of crop damage. Excess rains in many parts of South, North-East and Central India, along with floods in parts of Gujarat are keeping sentiment firm for agri commodity prices. Again low Read More
The National Commodity and Derivatives Exchange (NCDEX) on Toay said it will launch the ‘Options in Goods’ contracts on rapeseed, wheat and maize from July 27. The contracts of the three commodities, expiring in October and November 2020, would be available for trading from July 27 onwards, the exchange said in a statement. NCDEX has Read More
Cumin Seed, commonly known as ‘Jeera’ in India, is a Rabi Spice sown/grown in the winter season during the months of October to December. The major states constitute Rajasthan and Gujarat, with the usual new crop harvesting period taking place from February to April every year. Sowing of Jeera depends on the winter weather conditions Read More
Currently Chana in the physical market is trading way below its Minimum Support Price (MSP) mainly over high supply, an improvement in imports and larger buffer stocks with the government. National Agricultural Co-operative Marketing Federation of India (NAFED) currently has a stock of about 13 lakh tonne of Chana procured last year. For Rabi crops this Read More