Tuesday, March 13, 2012

NCDEX Live ~ NCDEX Agri Commodity Updates Today

Cardamom futures may trade with a bullish bias created by unfavourable weather conditions and declining arrivals amid good persistent demand. Turmeric futures may fall further due to heavy production and expectations that even more bags are expected to arrive. Jeera futures may shed further downside due to mounting supplies in the spot market on the back of a good crop. Pepper futures may trade sideways with a bearish bias amid continue profit booking from higher levels. Guar complex may rally further. The recent surge in horizontal drilling technology in the oil industry in the US has increased the demand for guar gum in the market significantly.

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